Fredericksburg, VA—22553

As of July '25, Rentcast reports the average rent in Fredericksburg, VA is $2,250, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Fredericksburg, VA is 1-bedrooms: $1,320, 2-bedrooms: $1,590, 3-bedrooms: $2,460, 4-bedrooms: $2,600. The most common rental property sizes in Fredericksburg, VA are 2-bedroom and 1-bedroom, accounting for 39.7% and 19.2% of the rental stock.

As of the latest ACS Survey released in 2023, Fredericksburg, VA has a population of 17,000, which has increased by 13.5% over the past 5 years. Fredericksburg, VA is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.

As of the latest ACS Survey released in 2023, Fredericksburg, VA is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Fredericksburg, VA is black, making up 14.7% of the population. Foreign-born residents account for 5.5% of the population in Fredericksburg, VA, and this percentage has increased by 7.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Fredericksburg, VA under the Section 8 program is 11.6%. 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.