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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 $267,136, lower than the Pennsylvania average of $288,156.
The average cost of rent is $903/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. In Fredericksburg, 15.95% of households rent, and 40.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $8,412 per month. Households that rent pay about 10.74% of their income on rent here. Fredericksburg’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hamlin, PA: equally priced homes
- Jonestown, PA: equally priced homes
- Greble, PA: equally priced homes
- Suedburg, PA: equally priced homes
- Ono, PA: equally priced homes
- Sheridan, PA: less expensive homes
- Green Point, PA: equally priced homes
- Stanhope, PA: equally priced homes
- Wintersville, PA: equally priced homes
- Myerstown, PA: less expensive homes
Cities with Similar Populations
- Nunica, MI: higher priced homes
- Madison, ME: less expensive homes
- Burnettown, SC: less expensive homes
- Blissfield, MI: less expensive homes
- Alfred, NY: less expensive homes
- Bellevue, IA: less expensive homes
- Ainaloa, HI: less expensive homes
- Maricao, PR: less expensive homes
- Bauxite, AR: less expensive homes
- Lindsay, OK: less expensive homes
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