Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fredericksburg, Virginia.
Pre-filled with Fredericksburg median home price and Virginia tax/insurance rates. Adjust for your property.
Estimated closing costs based on Virginia rates and fees applied to Fredericksburg prices.
The median home price in Fredericksburg is $385,000, roughly in line with the Virginia state median of $400,000. With a population of 28,118, Fredericksburg is a smaller market where home prices tend to be more accessible than in many parts of Virginia.
Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $385,000 home in Fredericksburg would carry roughly $263/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Fredericksburg is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Fredericksburg presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.