HomeVirginiaFredericksburg city
Fredericksburg city, Virginia: commercial real estate data.
Fredericksburg city, Virginia has a population of 28,873 across 10 square miles, up 7.2 percent since the 2020 census base. 1,477 establishments operate here, and the SBA record carries 63 7(a) approvals worth $28.9 m.
109 sourced county values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Fredericksburg city
How many people live in Fredericksburg city
- Population28,873
- Households11,720
- Average household size2.46
- Median household income$86,071
- Median age32.1
- Median gross rent$1,619 per month
- Median owner-occupied home value$483,700
- Home value to household income5.6 times
- Annual rent as a share of median income22.6 percent
- Adults 25 and over with a bachelor degree or higher46.1 percent
- Adults 25 and over with a graduate degree20.3 percent
- Adults 25 and over17,471
- Population under 186,119
- Share under 1821.2 percent
- Population 65 and over3,300
- Share 65 and over11.4 percent
- Working age population, 18 to 6419,454
- Civilian labor force16,069
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over70.6 percent
- Rank by population among Virginia independent cities61st of 133
- Rank by population among US county-equivalents1510th
Fredericksburg city is the 61st largest of 133 Virginia independent cities by population. A median home costs 5.6 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 21.2 percent against 11.4 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Fredericksburg city
Is Fredericksburg city's population growing?
- Population change since the 2020 census base7.21 percent
- Census 2020 base population27,976
- Births, 2024370
- Deaths, 2024209
- Natural change, 2024161
- Net domestic migration, 2024163
- Net international migration, 2024438
- Total net migration, 2024601
- Cumulative net domestic migration, 2021 to 2024307
- Rank by growth among US county-equivalents299th
The county has grown 7.21 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Fredericksburg city
Where are people moving to Fredericksburg city from?
- Tax returns filed by households arriving2,126
- People arriving, from those returns3,591
- Adjusted gross income arriving$141.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$66,304
- Largest single originFredericksburg city Non-migrants (9,180 households)
- Largest single destination (9,180 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Fredericksburg city Non-migrants | 9,180 | 16,992 | $1.12 bn |
| Spotsylvania County | 535 | 972 | $31.4 m |
| Other flows - Different State | 507 | 795 | $33.8 m |
| Stafford County | 425 | 750 | $26.1 m |
| Other flows - South | 276 | 438 | $18.2 m |
| Other flows - Same State | 245 | 369 | $13.9 m |
| Prince William County | 144 | 277 | $10.7 m |
| Other flows - Northeast | 99 | 142 | $5.3 m |
The largest single source of arrivals is Fredericksburg city Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Fredericksburg city
Largest employers in Fredericksburg city
- Covered employment, annual average24,853
- Establishments reporting1,766
- Average annual pay$62,880
- Average weekly wage$1,209
- Sector 62, employment6,448
- Sector 62, average annual pay$80,331
- Sector 72, employment4,112
- Sector 72, average annual pay$26,989
- Sector 44-45, employment3,405
- Sector 44-45, average annual pay$35,937
- Sector 54, employment1,456
- Sector 54, average annual pay$97,631
- Sector 81, employment776
- Sector 23, employment577
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 6,448 | 368 | $80,331 |
| Sector 72 | 4,112 | 177 | $26,989 |
| Sector 44-45 | 3,405 | 238 | $35,937 |
| Sector 54 | 1,456 | 199 | $97,631 |
| Sector 81 | 776 | 150 | $48,493 |
| Sector 23 | 577 | 72 | $82,561 |
| Sector 52 | 521 | 99 | $105,442 |
| Sector 71 | 496 | 31 | $26,998 |
The largest sector is the biggest private employer group at 6,448 jobs, 25.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Fredericksburg city
How many businesses are in Fredericksburg city?
- Establishments, all industries1,477
- Employment at those establishments21,521
- Annual payroll$1.14 bn
- Establishments per 1,000 residents51.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Fredericksburg city
Building permits in Fredericksburg city
- Housing units authorised by permit, 202437
- Declared construction value permitted$11.3 m
- Single family units authorised37
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$306,405
- Units authorised per 1,000 households3.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Fredericksburg city
SBA loans in Fredericksburg city (7(a) and 504)
- 7(a) approvals recorded63
- 7(a) gross approval dollars$28.9 m
- Average 7(a) approval$459,067
- Median 7(a) approval$250,000
- 10th percentile approval$25,000
- 90th percentile approval$1,200,000
- Largest single approval$3,692,000
- Jobs reported supported, 7(a)1,320
- Jobs per approval21.0
- Distinct 7(a) lenders active31
- Distinct industries receiving approvals41
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer4.8 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter51
- Franchise loans13
- Franchise share of approvals20.6 percent
- Leading industry by approval countBeauty Salons (5)
- Most active lenderManufacturers and Traders Trust Company (11)
- 504 approvals recorded21
- 504 gross approval dollars$11.6 m
- Average 504 approval$551,667
- Median 504 approval$387,000
- Distinct CDCs active3
- 504 jobs per approval5.6
- 504 jobs per million dollars approved10.2
- Most active CDCRappahannock Economic Development Corporation (16)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$40.5 m
The average approval of $459,067 sits well above the median of $250,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 4.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Fredericksburg city
SBA loan default and charge-off rates in Fredericksburg city
Do SBA loans in Fredericksburg city get paid back?
- Loans with a final outcome recorded11
- Paid in full9
- Charged off2
- Charge off rate on resolved loans18.2 percent
- Status: Paid in full9
- Status: Exempt from disclosure40
- Status: Cancelled6
- Status: Charged off2
- Status: Committed, not yet disbursed6
Of the 11 loans that have reached a final outcome, 18.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fredericksburg city
How large is Fredericksburg city?
- Land area10 sq mi
- Rank by land area among Virginia independent cities120th of 133
- Width, east to west4.6 mi
- Height, north to south3.8 mi
- Geographies sharing a boundary2
- Residents per square mile of land2,887
- Establishments per square mile147.70
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Fredericksburg city site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Fredericksburg city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population28,873
- Households11,720
- Average household size2.46
- Median household income$86,071
- Median age32.1
Common questions
Fredericksburg city questions, answered from the record.
How many people live in Fredericksburg city, Virginia?
28,873, in 11,720 households, ranking 61st of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Fredericksburg city's population growing?
The population has grown 7.21 percent since the 2020 census base. In 2024 there were 370 births against 209 deaths, with net migration of 601. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Fredericksburg city?
$86,071. The median owner-occupied home is valued at $483,700, which is 5.6 times income, and median gross rent is $1,619 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Fredericksburg city?
1,477 establishments, employing 21,521 people with an annual payroll of $1.14 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Fredericksburg city?
Average annual pay is $62,880, or $1,209 a week, across 24,853 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Fredericksburg city?
63 7(a) approvals totalling $28.9 m since FY2020, across 31 lenders, with a median approval of $250,000, plus 21 504 approvals worth $11.6 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Fredericksburg city get paid back?
Of the 11 loans that have reached a final outcome, 9 were paid in full and 2 charged off, a charge off rate of 18.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Fredericksburg city?
37 housing units were authorised by permit in 2024, with a declared construction value of $11.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Fredericksburg city?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Fredericksburg city come from?
The largest single origin is Fredericksburg city Non-migrants, with 9,180 households. Arriving households report an average income of $66,304 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Fredericksburg city on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Fredericksburg city?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.