Living in Fredericksburg, Virginia
Cost of living, income, home prices, rent and demographics of Fredericksburg · Census data 2020–2024
Fredericksburg has 28,873 residents with a median age of 32.1. The median household income is $86,071 (8% lower than the Virginia median), the median home value is $483,700, the median rent is $1,619/month.
Fredericksburg at a glance
- Population
- 28,873
- Median age
- 32.1State: 39
- Median household income
- $86,071State: $93,170
- Median home value
- $483,700State: $383,700
- Median rent
- $1,619/moState: $1,579
- Homeowners
- 39.7%
- Bachelor's degree or higher
- 46.1%
- Average commute
- 32 min
Is Fredericksburg a good place to live?
Cons: Median household income 8% lower than the Virginia median; home values 26% higher than the state median; an average commute of 32 minutes; unemployment of 5.1%; a poverty rate of 13.2%.
The weather is best in April–May and September–October.
Cost of living in Fredericksburg
Housing is the biggest part of the cost of living. In Fredericksburg the median home value is $483,700, 45% higher than the U.S. median. Renters pay a median of $1,619 per month, which is 29.5% of household income. Homeowners with a mortgage pay $2,367 a month in housing costs.
Fredericksburg median household income
The median household income in Fredericksburg is $86,071 and the income per person is $47,502. 13.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Fredericksburg: homes for sale and rent
- Housing units
- 12,419
- Owner-occupied
- 39.7%
- Renter-occupied
- 60.3%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.27
Fredericksburg demographics
- Population
- 28,873
- Median age
- 32.1
- Under 18
- 21.2%
- 65 and older
- 11.4%
- Households
- 11,720
- Foreign-born
- 12.1%
- Veterans
- 11.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Fredericksburg ›
Education in Fredericksburg
46.1% of adults 25 and older in Fredericksburg have a bachelor's degree or higher (Virginia: 42.2%), and 20.3% have a graduate or professional degree.
Jobs and commute in Fredericksburg
- Unemployment rate
- 5.1%State: 4.3%
- Average commute
- 32 minState: 27 min
- Work from home
- 16.9%
- Drive alone
- 65.2%
- Public transit
- 1.6%
- Walk to work
- 4.5%
- Homes with broadband
- 92.9%
Fredericksburg vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fredericksburg | 28,873 | $86,071 | $483,700 | $1,619 |
| Falmouth | 5,216 | $111,977 | $438,200 | $1,873 |
| Passapatanzy | 1,259 | $125,608 | $356,900 | — |
| Spotsylvania Courthouse | 7,180 | $95,331 | $395,700 | $1,398 |
More for people moving to Fredericksburg
Fredericksburg ZIP code ›Weather and climate ›Living in Fredericksburg: FAQ
What is the median household income in Fredericksburg, VA?
The median household income in Fredericksburg is $86,071, 8% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fredericksburg?
The median home value in Fredericksburg is $483,700, compared with $383,700 in Virginia.
How much is rent in Fredericksburg?
The median gross rent in Fredericksburg is $1,619 per month, about 29.5% of household income.
Is Fredericksburg, VA a good place to live?
Minuses: median household income 8% lower than the Virginia median; home values 26% higher than the state median; an average commute of 32 minutes; unemployment of 5.1%; a poverty rate of 13.2%.
What is the median age in Fredericksburg?
The median age in Fredericksburg is 32.1 years (Virginia: 39).
How long is the commute in Fredericksburg?
The average commute to work in Fredericksburg is 32 minutes; 16.9% of workers work from home.
What is the unemployment rate in Fredericksburg?
The unemployment rate in Fredericksburg is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fredericksburg?
46.1% of adults in Fredericksburg have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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