Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$467,891+1.7% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$101,429About 1.2× the local median income ($81,253): a stretch for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.6%Zillow expects prices to rise slightly
The typical home in Fredericksburg City, VA is worth $467,891, up 1.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $471,341, so the area is 0.7% undervalued. It is a buyer's market: homes take about 57 days to sell, listings are up 6% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 0.6% over the next year. A household needs about $101,429 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,253. Typical rent is $1,933 a month, or $2,580 for a house. In the latest IRS figures, 71 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$467,891
Change in 1 year
+1.7%
Overvalued %
−0.7%
Show 7 more
Fair home value
$471,341
Change in 5 years
+17.5%
Zillow forecast, next 12 months
+0.6%
Home value to income
5.8×
Monthly mortgage payment (20% down)
$2,536
Income needed to afford it
$101,429
Property tax rate
0.60%
Rent and investing
Typical rent
$1,933
Typical rent for houses
$2,580
Price-to-rent ratio
20.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,438
Gross rental yield
4.96%
Cap rate (estimate)
3.22%
Market activity
Listings vs a year ago
+5.8%
Days on market
57
Listings with a price cut
20.2%
Show 3 more
Homes for sale
73
Pending sales per 100 listings
25
Asking price per sq ft
$267
People and jobs
Median household income
$81,253
Population change (1 year)
+1.4%
Unemployment rate
5.1%
Show 4 more
Population
30,393
Income adjusted for cost of living
$74,612
Net moves in (IRS)
−71
Cost of living (US = 100)
108.9
Schools, risk and environment
School rating (1 to 10)
1.4
FEMA hazard risk score (0 to 100)
8.7
Flood risk score
20.6
Show 3 more
Wildfire risk score
1.7
Walkability (1 to 20)
9.3
Road, rail and air noise
56 dB
Questions people ask
Is Fredericksburg City, VA overvalued?
Home prices in Fredericksburg City, VA are slightly below what local incomes have historically supported: fair value is about $471,341, so the area is 0.7% undervalued.
Is Fredericksburg City, VA a buyer's or seller's market?
Fredericksburg City, VA is a buyer's market: homes take about 57 days to sell, listings are up 6% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Fredericksburg City, VA?
Home values in Fredericksburg City, VA are up 1.7% over the last year. Zillow's forecast for the next 12 months is +0.6%.
How much do you need to earn to buy a home in Fredericksburg City, VA?
A household needs about $101,429 a year to afford the typical home in Fredericksburg City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,253.