Zip 22408 (Fredericksburg, VA) Housing

The housing market in 22408 Fredericksburg, VA is doing quite well compared to the US average. The median value of a house in this area is $380,900, which is significantly higher than the US median of $338,100. The one year appreciation for houses in this area is also better than the national average at 10.11%, compared to 8.27%. This indicates that people are willing to pay premium prices for homes in Fredericksburg and that local real estate values are likely to continue increasing over time.

The median home cost in Fredericksburg (zip 22408) is $380,900. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Fredericksburg (zip 22408) is up 9.8%.

Average Age of Homes

- The median age of Fredericksburg (zip 22408) real estate is 21 years old

The Rental Market in Fredericksburg (zip 22408)

- Renters make up 22.5% of the Fredericksburg (zip 22408) population
- 1.2% of houses and apartments in Fredericksburg (zip 22408), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fredericksburg, Virginia	United States
	11,893.0	139,647,020.0
	24	42
	$380,900	$338,100
	9.8%	16.6%
	45.4%	57.0%
	70.1%	101.1%
	$6.82	$10.98
	$2,050	$2,690
	73.5%	57.4%
	2.9%	11.2%
	23.6%	31.4%
Vacant Housing
	1.2%	1.9%
	0.2%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	2.0%	2.4%
	0.5%	2.8%
	1.3%	3.9%
	0.8%	4.5%
	3.7%	11.3%
	9.3%	13.0%
	31.0%	20.1%
	31.2%	13.6%
	13.3%	8.3%
	3.8%	9.7%
	1.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	26.8%	13.6%
	26.8%	13.6%
	29.9%	13.6%
	11.9%	13.2%
	6.7%	14.8%
	29.9%	13.6%
	1.7%	10.0%
	4.5%	4.7%
	1.0%	12.2%

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