Fredericksburg First-Time Homebuyer Report for October

Fredericksburg is a city that is growing faster than others in Virginia at a 10-year growth rate of 31.0%. It also has a larger than average population of 24,286 people. With a median age of 36 years, homes in Fredericksburg tend to be relatively old. Topping the list of best schools in the city is James Monroe High School.

Price Range

Fredericksburg has some of the more expensive homes in the state with a median home value of $201,200 and a current average list price of $358,342. With 28 homes sold in the Fredericksburg market over the last 30 days, we see no change from last week's numbers. However, 46 new listings came into the market.

Curious as to which homes have been getting the most attention in Fredericksburg? These listings have stirred up interest and produced the most views:

$799K   $349K   $365K  

Typical Dwelling

A three-bedroom detached home valued around $292,985 is considered a typical dwelling in Fredericksburg. If a buyer was looking for a similar home, they would need good credit and a $58,597 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,517 and the property tax rate is $10.52 per $1,000 of taxable assessed value.

Get started right now by checking out Fredericksburg homes for sale or reviewing Fredericksburg real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Plank Realty
Snapped 1 home in this area
Long & Foster Real Estate, Inc.
Snapped 1 home in this area
EXP Realty, LLC.
Snapped 2 homes in this area

Agents that specialize in this area
1 snap in this area
9 snaps in this area
4 snaps in this area
5 snaps in this area
1 snap in this area
3 snaps in this area
1 snap in this area
1 snap in this area
2 snaps in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.