Fredericksburg city, Virginia Housing Market
In Fredericksburg city, Virginia, the median home value is $483,700, with a median monthly rent of $1,619. This places Fredericksburg city at #151 nationally out of 3134 counties by median home value, and #15 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,209
- Establishments: 1,648
- BLS QCEW, 2025
Housing Supply
- Single-family: 25
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,813 (avg $109,850)
- Outflow: 10,499 (avg $114,832)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Fredericksburg city · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22401 | 334.6 | +2.35% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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| Metric | Fredericksburg city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $483,700 | $295,807 | $227,706 |
| Median Gross Rent | $1,619 | $1,169 | $968 |
| Owner Occupancy Rate | 39.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 24.9 | 20.3 | 18.7 |
Market Analysis
The median home value in Fredericksburg city is 63.5% above the Virginia state average and 112.4% above the U.S. national average. The median rent of $1,619/month is 38.5% above the state average.
With a price-to-rent ratio of 24.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Fredericksburg city has an owner-occupancy rate of 39.7%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Blanco County | Texas | $483,500 | $1,017 |
| Adams County | Colorado | $484,200 | $1,781 |
| Stafford County | Virginia | $485,100 | $2,020 |
| Chester County | Pennsylvania | $485,600 | $1,763 |
| Charlottesville city | Virginia | $486,700 | $1,540 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Stafford County | $485,100 | $2,020 | 80.5% |
| Charlottesville city | $486,700 | $1,540 | 44.2% |
| Albemarle County | $495,400 | $1,692 | 65.9% |
| Goochland County | $500,600 | $1,614 | 84.9% |
| Rappahannock County | $506,400 | $1,290 | 73.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).