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Apartments For Rent in Fredericksburg, VA

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Apartments for Rent in Fredericksburg, VA

Fredericksburg is a town in Virginia with slightly more than 28,000 residents. Young adults (15-24) can expect to fit right in, as they make up an above-average percentage of the community, while retirees account for a smaller percentage of the city. Overall, the city's residents, at an average age of just over 34, skew decidedly younger than most cities in Virginia. Home ownership is less common than renting in Fredericksburg, and 36% of residents own their homes, driven in part by a relatively low average rent that is $112 a month lower than the state average. Over the course of a year, renters in Fredericksburg will save around $1,300 compared to the state average.

Fredericksburg has an average commute time of about 30 minutes. Driving a vehicle is the typical means of commuting to work, opted for by 42% of workers, while public transportation is not widely used. Walking (3%) isn't a common way to get to work, though the number surpasses the national average.

Compared to the national average (7%), Fredericksburg has a high concentration of residents older than 25 with advanced degrees, as 10% have earned a Master's degree or a Doctorate. Further, 14% possess a Bachelor's degree. There are plenty of industries from which to choose in Fredericksburg. The five most common are retail, entertainment, education, public administration, and healthcare. Together, these industries make up 32% of the workforce in the city. Meanwhile, in terms of job function, many of the city's workers are in management, which ranks as the top profession in the city. Fredericksburg workers bring in an average annual income of about $77,000, less than the average Virginia resident. Fredericksburg's average income, however, is roughly on par with the national average ($73,345).