Real Estate Market Update for 22407 (Fredericksburg, VA)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 20% from one year earlier, and did not change from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just over 230-thousand dollars. The number of units sold increased 39% year-over-year, and increased 8% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 22407 (Fredericksburg, VA)
Area Information for 22407 (Fredericksburg, VA)
  • Population: 56,940
  • Median Age: 34.6 yr
  • Median Commute Time: 24.68 mins
  • Educational Climate*: 4
  • Sales Tax: 5%
  • Population Density: 1,004/sq mi
  • Population Change Since 2000: 40.96%
  • Closest Airport: Washington Dulles International
  • Closest College: University Of Mary Washington
  • Closest Jr. College: Germanna Community College
  • Median Household Income: $79,251
  • Annual Residential Turnover: 18.8%
  • Median Years in Residence: 3.76 yr
  • Median Home Sales Price: $200,000
  • Closest Major Sports Team: Richmond Flying Squirrels
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 22407 (Fredericksburg, VA)
Median Age: 34.6 Married: 34% Number of Households: 19,573 Households with Children: 8,449
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 22407 (Fredericksburg, VA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Chancellor Elementary School 0.3 mi Public PRESCHOOL-5 4-5 5
      Tree Of Life Christian Prep School 0.4 mi Private 1-8 0 5
      Riverbend High School 0.4 mi Public 9-12 3-5 4
      St Michael The Archangel High School 1.3 mi Catholic 9-12 0 0
      Chancellor Middle School 1.7 mi Public 6-8 2-5 4
      Chancellor High School 1.8 mi Public 9-12 2 3
      Harrison Road Elementary School 1.9 mi Public PRESCHOOL-5 2 3
      Faith Baptist School 2.6 mi Private K-12 0 4
      Salem Elementary School 2.6 mi Public PRESCHOOL-5 2-5 3
      Freedom Middle School 2.6 mi Public 6-8 3-5 4
      Smith Station Elementary School 2.6 mi Public K-5 2 3
      Battlefield Middle School 2.8 mi Public 6-8 2-5 5
      Battlefield Elementary School 2.9 mi Public K-5 3 3
      St. Patrick School 6.3 mi Catholic PRESCHOOL-8 0 4
      Parkside Elementary School 6.6 mi Public PRESCHOOL-5 3-5 4
      Massaponax High School 8.2 mi Public 9-12 2-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 22407 (Fredericksburg, VA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.