Cost of Living in Fredericksburg city, Virginia

$1,521/mo

Median Monthly Rent

$461,500

Median Home Value

33% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,521/mo

33% above state average

Median Home Value

$461,500

64% above national

Rent-to-Income Ratio

28.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Fredericksburg city Compares

Median monthly rent comparison

Fredericksburg city$1,521/mo

Virginia Average$1,140/mo

National Median$1,163/mo

Detailed Housing Stats

$1,521/mo

Median Gross Rent

$461,500

Median Home Value

$2,036/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Fredericksburg city, Virginia

Fredericksburg Strains Housing Budgets

Fredericksburg city renters spend 21.4% of income on housing—well above both the Virginia average (18.6%) and the national comfort zone. With a median household income of $85,368 and steep median rents of $1,521, housing affordability is a real concern for renters here.

Virginia's Least Affordable City

Fredericksburg ranks among Virginia's least affordable cities, with a rent-to-income ratio of 21.4% compared to the state average of 18.6%. The city's proximity to Richmond and Washington markets drives housing pressure on lower-income residents.

Expensive Urban Center

Fredericksburg's $1,521 median rent is comparable to Fauquier County ($1,561) but paired with lower incomes ($85,368 vs Fauquier's $129,495), creating affordability strain. The city functions as a regional urban center with corresponding cost pressures.

Housing Squeezes Household Budgets

Fredericksburg renters spend $1,521 monthly while homeowners pay $2,036, consuming 21.4% of median income on rent alone. This high burden leaves residents less financial flexibility compared to surrounding counties, approaching the threshold where housing costs become genuinely unaffordable.

Consider Fredericksburg Carefully

Fredericksburg's 21.4% rent-to-income ratio is high compared to Virginia alternatives; compare this against your current city before relocating. If you move here, prioritize the income gains—Fredericksburg's appeal lies in job access rather than housing affordability itself.

Affordability Calculator

See how your income compares to housing costs in Fredericksburg city

Your Annual Household Income

Rent Burden

21.4%

of gross income

Max Housing (28% Rule)

$1,992

per month

Owner Cost Burden

28.6%

of gross income

The median home in Fredericksburg city may be a stretch

Median home value is $461,500. Estimated monthly cost: $3,684 vs. your max of $1,992.

Rent Affordability Guide

Your rent-to-income ratio21.4%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Fredericksburg city, Virginia?

Fredericksburg city, Virginia has a median monthly rent of $1,521/mo and a median home value of $461,500. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Fredericksburg city?

The median gross rent in Fredericksburg city is $1,521/mo. This is 33% above state average for Virginia.

Is Fredericksburg city affordable?

Fredericksburg city is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Fredericksburg city's rent compare to the state average?

Fredericksburg city's median rent of $1,521/mo is 33% above state average of $1,140/mo for Virginia.

What is the median home value in Fredericksburg city?

The median home value in Fredericksburg city, Virginia is $461,500. This is 64% above the national median home value of $281,900.