Median Home Price
$454,879.61
Median RentTIE
$2,014.53/mo
Price-to-Rent Ratio
18.8
Property Tax RateTIE
0.82%
Price Change (1Y)
+0.3%
Price Change (5Y)
+1.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$303,986
Median Home PriceBETTER
$411,608.02
Median RentTIE
$1,998.57/mo
Price-to-Rent RatioBETTER
17.2
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+2.1%
Price Change (5Y)BETTER
+10.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$182,181
Key Differences
Home Prices
Fredericksburg's median home price of $454,879.61 is higher than Virginia Beach's $411,608.02 by 11%.
Monthly Rent
Renting in Fredericksburg costs $2,014.53/mo compared to $1,998.57/mo in Virginia Beach—a difference of $15.96/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.