Market Snapshot
| Indicator | Value |
|---|---|
| Population | 28,383 ↑ 1.4% since 2020 |
| Median Household Income | $85,368 14% above national median |
| Median Home Value | $461,500 |
| Unemployment Rate | 4.6% |
| Median Age | 31.0 years |
| Housing Vacancy Rate | 7.0% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 28,383 |
| Population (2020) | 27,982 |
| Population Growth | 1.43% |
| Median Household Income | $85,368 |
| Median Home Value | $461,500 |
| Total Housing Units | 12,308 |
| Vacant Housing Units | 865 |
| Housing Vacancy Rate | 7.0% |
| Median Age | 31.0 |
| Bachelor's Degree or Higher | 4,525 (15.9%) |
| Unemployment Rate | 4.6% |
Market Overview
Fredericksburg city, Virginia has a population of 28,383, which has grown 1.43% since 2020. The median household income is $85,368, above the national median of $74,580 by 14.5%. The housing vacancy rate of 7.0% suggests balanced market conditions. Fredericksburg city remains a key area for land acquisition in Virginia.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Fredericksburg city, Virginia?
As of the 2023 American Community Survey, Fredericksburg city has a population of 28,383. The county has grown 1.43% since the 2020 Census, indicating a growing community.
What is the median household income in Fredericksburg city?
The median household income in Fredericksburg city is $85,368, which is 14.5% above the national median of $74,580.
Is Fredericksburg city growing or shrinking?
Fredericksburg city is growing. The population has increased 1.43% since 2020.
What is the housing market like in Fredericksburg city?
The median home value in Fredericksburg city is $461,500. The housing vacancy rate is 7.0%, which suggests balanced market conditions. The unemployment rate is 4.6%, reflecting the local economic conditions.
Does Reelvest buy land in Fredericksburg city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Fredericksburg city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.