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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 $333,758, higher than the Virginia average of $323,261.
The average cost of rent is $1,578/mo in Fredericksburg, primarily driven by the current value of real estate in the Fredericksburg area. While nearly 21.71% of residents own their homes outright in Fredericksburg, 32.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fredericksburg is $7,882 per month. Households that rent pay about 20.02% of their income on rent here. Fredericksburg's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Hartwood, VA: higher priced homes
- Brooke, VA: higher priced homes
- Spotsylvania Courthouse, VA: equally priced homes
- Spotsylvania, VA: equally priced homes
- Brockroad, VA: equally priced homes
- Corbin, VA: less expensive homes
- Thornburg, VA: equally priced homes
- Todds Tavern, VA: less expensive homes
- Guinea, VA: less expensive homes
- Wilderness, VA: equally priced homes
Cities with Similar Populations
- Santa Maria, CA: higher priced homes
- Santa Cruz, CA: higher priced homes
- Salisbury, NC: less expensive homes
- Salt Lake City, UT: higher priced homes
- Sanford, FL: less expensive homes
- San Jose, CA: higher priced homes
- Sandy, UT: higher priced homes
- Savannah, GA: less expensive homes
- San Juan, PR: less expensive homes
- Santa Monica, CA: higher priced homes
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