AllSmallMediumLargeX LargeParking
Fredericksburg includes 10 different neighborhoods of varying prices. The area's real estate and rent are typically a bit higher than most of Virginia, though the cost of living is slightly higher. Let's take a look at the highest, median, and lowest-priced neighborhoods in this city.
First up is College Terrace / Downtown Fredericksburg, which has a median real estate price of $597,913. That is more costly than 80.7% of the neighborhoods in Virginia. Rent is $1,623 or lower than 54.5% of Virginia neighborhoods.
The median neighborhood of Smiths Mill has a median real estate price of $523,614, which is more expensive than 74.9%. Rental prices are not currently available for this neighborhood, though they are likely within the range of the top and bottom neighborhoods on this list.
The lowest-priced area in the city is the University of Mary Washington at $478,849 and rent at $1,218. As you can see, there's not a huge variance in neighborhood costs in this city, though the difference between $478K to $597K is often higher than many people may expect.
The Fredericksburg City Public Schools provide independent schools for Fredericksburg. Its elementary schools include Lafayette and Hugh Mercer, while it has just Walker-Grant Middle and James Monroe for higher education in the public sector.
That said, Fredericksburg also has many private schools. These include Fredericksburg Academy, Fredericksburg Christian School, Saint Michael the Archangel High School, and Lighthouse Academy. The University of Mary Washington operates a four-year college in the area, while Germanna Community College provides a two-year program.
Central Rappahannock Regional Library services the area as a lending library. Residents can find many books through this destination and get them sent over for their needs. This library offers a variety of music and entertainment options, hosting numerous events throughout the year to cater to the interests and enjoyment of local residents.
Fredericksburg provides it residents with many unique amenities and resources. These include fire and police protection, financial help, tax assessments, human resources, health protection, street lighting, road maintenance, public transportation, technology, and many social services. It also provides electric, heating, air conditioning, cable, and wireless internet options from various vendors.
The city also owns and operates multiple parks, including Old Mill Park, Alum Spring Park, Hurkamp Park, and Dixon Park. Events in these parks include Kids to Parks Day, Riverfront Park Ribbon Cutting Ceremony, and Picnic in the Park for both parents and children alike.
Fredericksburg currently has a 107.1 cost of living expense, slightly higher than Virginia's 103.7. The biggest difference is in the housing costs. Fredericksburg has a median of $369,000, while the state has a $329.200 median. Other slight differences include higher health and grocery costs in Fredericksburg.
Most homes in the city are owner-occupied, though there are many rental options. Housing options include studio apartments up to large one-family homes with 4-5 bedrooms. Many of the area's homes are historical, meaning they were built in early colonial times and maintained until now.