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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 $356,884, higher than the Ohio average of $236,816.
The average cost of rent is $844/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. In Fredericksburg, 14.63% of households rent, and 43.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $7,136 per month. Households that rent pay about 11.82% of their income on rent here. Fredericksburg’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fryburg, OH: higher priced homes
- McCance, OH: less expensive homes
- Mount Hope, OH: higher priced homes
- Apple Creek, OH: less expensive homes
- Guerne, OH: less expensive homes
- East Union, OH: less expensive homes
- Benton, OH: less expensive homes
- Moreland, OH: less expensive homes
- Holmesville, OH: less expensive homes
- Mount Eaton, OH: higher priced homes
Cities with Similar Populations
- Taylor, PA: less expensive homes
- Stephenson, VA: higher priced homes
- Sterrett, AL: equally priced homes
- Stonewall, LA: less expensive homes
- Stony Point, NC: less expensive homes
- Crafton, PA: less expensive homes
- Summerland Key, FL: higher priced homes
- Summersville, WV: less expensive homes
- Summerton, SC: less expensive homes
- Sunman, IN: less expensive homes
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