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 $200,250, lower than the Pennsylvania average of $222,630.
The average cost of rent is $901/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. While nearly 36.64% of residents own their homes outright in Fredericksburg, 9.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $7,203 per month. Households that rent pay about 12.51% of their income on rent here. Fredericksburg's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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- Sheridan, PA: less expensive homes
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Cities with Similar Populations
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- Madison, ME: less expensive homes
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- Bellevue, IA: equally priced homes
- Ainaloa, HI: equally priced homes
- Maricao, PR: less expensive homes
- Bauxite, AR: less expensive homes
- Lindsay, OK: less expensive homes
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