Fredericksburg is a mid-sized city located in the state of Virginia. The city has a population of 27,853 residents. If you are a young adult or student, you might be pleased to know that the average age of all Fredericksburg residents is 30. The average American spends an average of about 26 minutes on their one way commute each day. Lower travel times to work can increase overall happiness and allow for more time to be spent with family. While living in Fredericksburg, your commute times will be about average with a one way commute time of 28 minutes.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Fredericksburg could be a positive experience compared to other cities in Virginia if you know where to search. The best areas in Fredericksburg and in surrounding cities are easier to find when you are able to make informed decisions. Using data from cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Virginia and national averages.
Fredericksburg has a livability score of 72/100 and is ranked #253 in Virginia and #7,764 in the USA. For each of the livability categories, we know that Fredericksburg ranks very well for amenities (A+) and education (A+). Fredericksburg does not score well for the following: crime (D), cost of living (F) and housing (D-). It might be a good idea to take a closer look at each category to find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Fredericksburg, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: Old Town, Fredericksburg and Spotsylvania National Military Park, and The Rising Sun Tavern.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Fredericksburg have a test score average of 79%, which is well above the US average.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Fredericksburg is real estate affordability. Median real estate prices in Fredericksburg come in at $321,500, which is 29.4% higher than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Fredericksburg, the home price to income ratio is 6, which is 57.9% higher than the Virginia average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Fredericksburg will offer some insight into determining if your home purchase will be a solid investment for years to come. In Fredericksburg, the year-over-year appreciation rates were 3.7%, and the 5 year appreciation rates came in at 4.5%.
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