Fredericksburg, VA
Population 28,383 · Virginia
About Fredericksburg, VA
Fredericksburg is a mid-sized city in Virginia with a population of 28,383 residents. The median household income is $85,368 per year, which is above the national average. The median age in Fredericksburg is 31 years.
Housing in Fredericksburg has a median home value of $461,500 and median monthly rent of $1,521. Of the 12,308 total housing units, renting is more common than owning, with 4,756 owner-occupied and 6,687 renter-occupied units.
The unemployment rate in Fredericksburg is 4.6% and the poverty rate is 16.4%. 46.8% of residents hold a bachelor's degree or higher. The average commute time is 32.7 minutes.
How Fredericksburg Ranks in Virginia
Cost of Living in Fredericksburg, VA
Compared to national averages, Fredericksburg has a median household income of $85,368 (14% above the national median of $75,149). Home values average $461,500, which is 88% above the national median. Monthly rent at $1,521 is 31% above the US average of $1,163. Within Virginia, Fredericksburg's income is 3% below the state average of $87,957, and home values are 41% above the state median of $327,514.
Why Live in Fredericksburg, VA?
Fredericksburg offers a strong local economy with a median household income of $85,368, well above the national average, and a well-educated community where 46.8% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $461,500. However, Fredericksburg’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fredericksburg has a population of 28,383 with a median age of 31 years. Compare Fredericksburg with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Fredericksburg
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Short Pump | 28,177 | $132,194 | $543,000 | Compare |
| Tysons | 28,022 | $129,189 | $640,500 | Compare |
| Winchester | 27,981 | $64,648 | $325,900 | Compare |
| West Falls Church | 30,660 | $131,236 | $658,700 | Compare |
| Cave Spring | 26,014 | $85,314 | $296,700 | Compare |
| Springfield | 30,894 | $123,691 | $622,200 | Compare |
| Staunton | 25,765 | $62,586 | $239,300 | Compare |
| Sterling | 31,251 | $125,753 | $508,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fredericksburg
What is the population of Fredericksburg, VA?
The population of Fredericksburg, VA is 28,383 according to the latest Census data.
What is the median household income in Fredericksburg?
The median household income in Fredericksburg, VA is $85,368 per year.
What is the median home value in Fredericksburg?
The median home value in Fredericksburg, VA is $461,500.
What is the average rent in Fredericksburg?
The median monthly rent in Fredericksburg, VA is $1,521.
What is the unemployment rate in Fredericksburg?
The unemployment rate in Fredericksburg, VA is 4.6%.