Median real estate price in the City Center of Fredericksburg is $441,419, which is more expensive than 81.1% of the neighborhoods in Virginia and 85.2% of the neighborhoods in the U.S.
The average rental price in Fredericksburg City Center is currently $1,153, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.6% of Virginia neighborhoods.
Fredericksburg City Center is an urban neighborhood (based on population density) located in Fredericksburg, Virginia.
Real estate in the City Center of Fredericksburg, VA is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Fredericksburg City Center has a 15.8% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 76.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.