Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fredericksburg City area can be challenging. Home prices in Fredericksburg City are now at a median cost of $400,824, higher than the Virginia average of $323,261.
The average cost of rent is $1,382/mo in Fredericksburg City, primarily driven by the current value of real estate in the Fredericksburg City area. While nearly 20.68% of residents own their homes outright in Fredericksburg City, 61.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg City is $6,430 per month. Households that rent pay about 21.50% of their income on rent here. Fredericksburg City's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the county.
Nearby Counties
- Spotsylvania County, VA: less expensive homes
- King George County, VA: less expensive homes
- Orange County, VA: less expensive homes
- Westmoreland County, VA: less expensive homes
- Madison County, VA: less expensive homes
- St. Mary's County, MD: less expensive homes
- Greene County, VA: less expensive homes
- Augusta County, VA: less expensive homes
- Staunton City, VA: less expensive homes
- Somerset County, MD: less expensive homes
Counties with Similar Populations
- Nicollet County, MN: less expensive homes
- Miller County, MO: less expensive homes
- Mineral County, WV: less expensive homes
- Mingo County, WV: less expensive homes
- Minidoka County, ID: less expensive homes
- Morrison County, MN: less expensive homes
- Morrow County, OH: less expensive homes
- Morton County, ND: less expensive homes
- New Kent County, VA: less expensive homes
- Newton County, MS: less expensive homes
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