Fredericksburg City, VA County has a median housing value of $401,000, which is higher than the national median of $338,100. This indicates that property in this area is more expensive than the average US home. Additionally, Fredericksburg has had a 13.65% appreciation rate over the past year compared to the US average of 8.27%, indicating an increase in housing values for those who have purchased properties within the city. Therefore, it is clear that purchasing property in Fredericksburg City will be a sound financial decision with potential for growth and increased equity.
The median home cost in Fredericksburg City County is $401,000. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Fredericksburg City County is up 9.8%.
Average Age of Homes
- The median age of Fredericksburg City County real estate is 40 years old
The Rental Market in Fredericksburg City County
- Renters make up 57.0% of the Fredericksburg City County population
- 2.7% of houses and apartments in Fredericksburg City County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.