The housing market in Fredericksburg, VA (zip code 22401) is healthy and growing. The median value for housing in the area is $414,900, which is significantly greater than the US median of $338,100. In addition to that, over the past year housing appreciation has been strong with a 10.11% increase compared to 8.27% nationally. This reflects a great opportunity for homeownership in Fredericksburg and makes it a great place to invest in property.
The median home cost in Fredericksburg (zip 22401) is $414,900. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Fredericksburg (zip 22401) is up 9.8%.
Average Age of Homes
- The median age of Fredericksburg (zip 22401) real estate is 40 years old
The Rental Market in Fredericksburg (zip 22401)
- Renters make up 57.0% of the Fredericksburg (zip 22401) population
- 2.7% of houses and apartments in Fredericksburg (zip 22401), 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.