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 $334,638, higher than the Texas average of $235,268.
The average cost of rent is $1,161/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. While nearly 57.11% of residents own their homes outright in Fredericksburg, 30.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $5,825 per month. Households that rent pay about 19.94% of their income on rent here. Fredericksburg's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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- Stonewall, TX: equally priced homes
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- Harper, TX: equally priced homes
Cities with Similar Populations
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- Highland Park, NJ: higher priced homes
- Holden, MA: higher priced homes
- Hollidaysburg, PA: less expensive homes
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