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Fredericksburg city Housing Market

Virginia · 133 counties · Ranked #2997 in home value

Above National Avg

Housing at a Glance

Median Home Value

$461,500

vs national+$461,500 vs $281,900 national

Median Gross Rent

$1,521/mo

vs national+$1,521 vs $1,163 national

Effective Tax Rate

0.62%

vs national0.62% vs 1.02% national

Median Household Income

$85,368

vs national+$85,368 vs $74,755 national

Affordability Ratio

5.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,853

Tax as % of Home Value

0.62%

Monthly Owner Cost

$2,036

Renter Income

$65,904

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Frequently Asked Questions

What is the median home value in Fredericksburg city?

The median home value in Fredericksburg city is $461,500. This is above the national median of $281,900.

How much is rent in Fredericksburg city?

The median gross rent in Fredericksburg city is $1,521 per month.

What is the property tax rate in Fredericksburg city?

The effective property tax rate in Fredericksburg city is 0.62%. The median annual property tax bill is $2,853.

Is Fredericksburg city affordable?

With a home-value-to-income ratio of 5.4x, Fredericksburg city is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.