Fredericksburg, VA 22408 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Fredericksburg, VA—22408

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$440,000

1.4% YoY Growth

Household Income

$115,000

28.6% YoY Growth

Days on Market

41

34.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$2,500

4.6% YoY Growth

1-Bed Rent

$1,680

21.4% YoY Growth

2-Bed Rent

$1,850

20.7% YoY Growth

3-Bed Rent

$2,400

0.4% YoY Growth

Other Zip Codes in Fredericksburg, VA

22553 22407 22406 22401 22405 22736

Home Price Trends — Fredericksburg, VA

As of Nov '25, the median home price in Fredericksburg, VA is $440,000, with a year-over-year change of 1.4%. This indicates that home prices in Fredericksburg, VA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$440,000	1.4%
Single Family	$441,000	1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fredericksburg, VA

As of July '25, Rentcast reports the average rent in Fredericksburg, VA is $2,480, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Fredericksburg, VA is studios: $1,480, 1-bedrooms: $1,580, 2-bedrooms: $1,840, 3-bedrooms: $2,390, 4-bedrooms: $3,090. The most common rental property sizes in Fredericksburg, VA are 3-bedroom and 2-bedroom, accounting for 39.3% and 33.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,480
Studio Rent	$1,400	$1,480
1 Bed Rent	$1,680	$1,580
2 Bed Rent	$1,850	$1,840
3 Bed Rent	$2,400	$2,390
4 Bed Rent	$2,950	$3,090

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% of Rental Stock

1 Bedroom

13.0%

2 Bedrooms

33.9%

3 Bedrooms

39.3%

4 Bedrooms

11.2%

5+ Bedrooms

2.5%

Property Listings — Fredericksburg, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Fredericksburg, VA is 41. This is a increase of 34.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$464,000	-8.0%
Listing Count	105	8.0%
Listings as % of Homes	0.6%	8.0%
Days on Market	41	34.0%

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Demographics — Fredericksburg, VA

As of the latest ACS Survey released in 2023, Fredericksburg, VA has a population of 31,000, which has increased by 3.1% over the past 5 years. Fredericksburg, VA is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 39.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,000	3.1%
% Under 18	23.8%	-9.8%
% Seniors	11.0%	3.8%
% WFH	16.2%	268.2%
% w/ College Degree	39.7%	6.4%

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As of the latest ACS Survey released in 2023, Fredericksburg, VA is a predominantly white area, with 58.8% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Fredericksburg, VA is black, making up 19.8% of the population. Foreign-born residents account for 9.8% of the population in Fredericksburg, VA, and this percentage has increased by 21.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	58.8%	-9.3%
% Black	19.8%	11.9%
% Hispanic	11.9%	9.2%
% Asian	3.0%	15.4%
% Foreign Born	9.8%	21.0%

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Mortgage and Risk — Fredericksburg, VA

According to HUD data as of 2023, there were 740 mortgage originations in Fredericksburg, VA, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Fredericksburg, VA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	740
% Conventional Loans	60.0%
% Government Loans	40.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Fredericksburg, VA

As of 2024, the percent of homes in Fredericksburg, VA under the Section 8 program is 8.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fredericksburg, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	239
Total Units Section 8	239
% Rentals under Section 8	8.5%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$130	$1,680	$1,810
2 Bedroom	$190	$1,850	$2,040
3 Bedroom	$150	$2,400	$2,550
4 Bedroom	$60	$2,950	$3,010