Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fredericksburg area can be challenging. Home prices in Fredericksburg are now at a median cost of $157,981, lower than the Indiana average of $175,617.
The average cost of rent is $715/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. While nearly 24.30% of residents own their homes outright in Fredericksburg, 14.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $6,031 per month. Households that rent pay about 11.86% of their income on rent here. Fredericksburg's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Palmyra, IN: less expensive homes
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- Livonia, IN: less expensive homes
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- New Pekin, IN: less expensive homes
- Smedley, IN: less expensive homes
- New Salisbury, IN: equally priced homes
Cities with Similar Populations
- Joliet, MT: higher priced homes
- Scio, NY: less expensive homes
- Phillipsburg, OH: equally priced homes
- Perry, ME: less expensive homes
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- Newbern, AL: less expensive homes
- Mountville, SC: less expensive homes
- Loomis, MI: less expensive homes
- Linn Valley, KS: less expensive homes
- Lincoln, MI: less expensive homes
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