Affordable & Income-Based Housing in Fredericksburg

Affordability

According to Census ACS 5-Year data (as of 2024), the median gross rent in Fredericksburg is $1,619 per month, the median household income is $86,071, and renters make up 60% of households. With 733 income-restricted units across 13 HUD-assisted and LIHTC properties in the city, subsidized housing can offer meaningful savings for eligible renters in this market.

Safety

According to FBI Crime Data Explorer, the Fredericksburg Police Department reported a violent crime rate of 607 per 100,000 residents in 2024. Crime rates vary based on local reporting practices and population calculations, so comparisons across cities are not meaningful.

Getting Around Fredericksburg

According to Walk Score, the area around assisted properties in Fredericksburg has a Walk Score of 48 (Car-Dependent) and a Bike Score of 70. No Transit Score was available. Most errands will require a car, though biking is a practical option for many trips.

Schools

According to the NCES Common Core of Data, 35 schools across 6 districts serve Fredericksburg, including 17 elementary, 5 middle, 6 high schools, and 7 others. Ratings vary by school and district, so renters should check the assigned schools for their specific address.

Cost of Renting in Fredericksburg, VA

The median household income in Fredericksburg is $86,071 per year, according to Census ACS 5-Year estimates. The citywide median rent is $1,619 per month by the same measure, which means housing costs can stretch budgets for lower- and fixed-income renters.

Affordable and income-based housing in Fredericksburg can significantly reduce that burden. Rents at HUD-assisted and income-restricted properties are tied to a percentage of your income or the area median income, rather than the open market rate.

• Median market rent: $1,619/month (Census ACS 5-Year)
• Median household income: $86,071/year (Census ACS 5-Year)
• Share of residents who rent: 60% (Census ACS 5-Year)
• Affordable units tracked on Lease Lantern: 733 across 13 properties

Flood and Environmental Exposure

Of the 13 affordable housing properties mapped for flood risk in Fredericksburg, 1 falls within a high-risk flood zone. The remaining 12 properties carry minimal flood exposure according to flood zone mapping data.