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Affordable
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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 $489,279, higher than the Texas average of $322,096.
The average cost of rent is $1,427/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. In Fredericksburg, 29.40% of households rent, and 52.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $6,300 per month. Households that rent pay about 22.65% of their income on rent here. Fredericksburg’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cain City, TX: equally priced homes
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- Willow City, TX: higher priced homes
- Morris Ranch, TX: less expensive homes
- Tivydale, TX: less expensive homes
- Stonewall, TX: higher priced homes
- Hye, TX: equally priced homes
- Harper, TX: less expensive homes
Cities with Similar Populations
- Sauk Rapids, MN: less expensive homes
- Guyton, GA: less expensive homes
- Hampton Bays, NY: higher priced homes
- Harriman, TN: less expensive homes
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- Hermitage, PA: less expensive homes
- Highland Park, NJ: equally priced homes
- Holden, MA: equally priced homes
- Hollidaysburg, PA: less expensive homes
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