Fredericksburg, Virginia Housing Market Prices
Fredericksburg Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 46% below the Virginia median$137,500
-
Median rent 3% above the Virginia median$1,619
Housing Market Overview
| Metric | Fredericksburg | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $256,082 | $248,835 |
| Price Trend (Annual %) | -5.7% | 3.5% | 7.5% |
| Median Gross Rent | $1,619 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fredericksburg is about 46% lower than in Virginia. Rent is about 3% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Fredericksburg: home prices fell about 5.7% a year while rent rose about 5.0% a year. That is an unusual pattern worth watching.
Median rent in Fredericksburg rose about 53.0% between 2015 and 2024, from $1,058 to $1,619. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Fredericksburg.
Buying the median-priced home in Fredericksburg costs roughly 7.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fredericksburg. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Fredericksburg | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,500 | $256,082 | $248,835 |
| Median Household Income | $85,248 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fredericksburg fell about 49.5%, while median household income rose about 86.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fredericksburg | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.5% | 61.5% | 58.5% |
| Rental Rate | 56.9% | 29.8% | 31.2% |
| Vacancy Rate | 5.6% | 8.7% | 10.2% |
| Median Tenure (years) | 9.0 | 15.0 | 15.0 |
| Median Year Moved In | 2017 | 2011 | 2011 |
Fredericksburg has a homeownership rate of 37.5%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 5.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Fredericksburg | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1986 | 1982 | 1978 |
| Median Number of Rooms | 4.8 | 6.0 | 5.5 |
The typical housing unit in Fredericksburg was built around 1986. On average, 2.3 people live in a home with about 4.8 rooms, staying for about 9.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fredericksburg, Virginia.
What is the median home price in Fredericksburg, Virginia?
The median home price in Fredericksburg, Virginia is $137,500, lower than the Virginia average of $256,082.
What is the average home price in Fredericksburg, Virginia?
The typical home price in Fredericksburg, Virginia, reported as the median sale price, is $137,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fredericksburg, Virginia?
The median gross rent in Fredericksburg, Virginia is $1,619 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Fredericksburg in 2020?
In 2020, the median gross rent in Fredericksburg, Virginia was $1,287 per month.
What is the price-to-rent ratio in Fredericksburg, Virginia?
The price-to-rent ratio in Fredericksburg, Virginia is about 7.1, meaning it would take roughly 7.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fredericksburg.
Are home prices or rent rising faster in Fredericksburg, Virginia?
Home prices and rent are moving in opposite directions in Fredericksburg: home prices fell about 5.7% a year while rent rose about 5.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Fredericksburg, Virginia?
37.5% of households in Fredericksburg, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Fredericksburg, Virginia?
The housing vacancy rate in Fredericksburg, Virginia is 5.6%, lower than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →