Median Home Price
$454,879.61
Median Rent
$2,014.53/mo
Price-to-Rent RatioTIE
18.8
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+0.3%
Price Change (5Y)BETTER
+1.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$303,986
Median Home PriceBETTER
$355,756.62
Median RentBETTER
$1,578.37/mo
Price-to-Rent RatioTIE
18.8
Property Tax RateTIE
0.82%
Price Change (1Y)
+0.2%
Price Change (5Y)
+0.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$246,961
Key Differences
Home Prices
Fredericksburg's median home price of $454,879.61 is higher than Richmond's $355,756.62 by 28%.
Monthly Rent
Renting in Fredericksburg costs $2,014.53/mo compared to $1,578.37/mo in Richmond—a difference of $436.16/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.