HomeVirginiaFredericksburg city
Fredericksburg city, Virginia: commercial real estate data.
Fredericksburg city, Virginia had an estimated 29,992 residents on July 1, 2024, up 7.2 percent since the 2020 census base of 27,976, across 10 square miles. 1,477 establishments operate here, and the SBA record carries 63 7(a) approvals worth $28.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Fredericksburg city
How many people live in Fredericksburg city
- Population, American Community Survey 2020-202428,873
- 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-equivalents, Puerto Rico included1510th of 3,222
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 severely unaffordable by national standards. 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, July 1, 202429,992
- Census 2020 base population27,976
- Population change since the 2020 census base7.21 percent
- Population change, 2023 to 2024766
- 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 of 3,144
The county has grown 7.21 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
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
- Tax returns filed by households leaving2,078
- Net household movement48
- Adjusted gross income arriving$141.0 m
- Net adjusted gross income movement$-15.5 m
- Average income of an arriving household$66,304
- Average income of a leaving household$75,272
- Largest single originSpotsylvania County (535 households)
- Largest single destinationSpotsylvania County (590 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Spotsylvania County | 535 | 972 | $31.4 m |
| Stafford County | 425 | 750 | $26.1 m |
| Prince William County | 144 | 277 | $10.7 m |
| Fairfax County | 86 | 132 | $9.8 m |
| King George County | 55 | 88 | $4.2 m |
| Caroline County | 34 | 73 | $3.2 m |
| Orange County | 30 | 44 | $1.8 m |
| Richmond city | 23 | 25 | $1.3 m |
Households arriving report $8,968 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Spotsylvania County, 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
Employment by industry in Fredericksburg city
- Covered employment, annual average24,853
- Establishments reporting1,766
- Average annual pay$62,880
- Average weekly wage$1,209
- Health care and social assistance, employment6,448
- Health care and social assistance, average annual pay$80,331
- Accommodation and food services, employment4,112
- Accommodation and food services, average annual pay$26,989
- Retail trade, employment3,405
- Retail trade, average annual pay$35,937
- Professional, scientific and technical services, employment1,456
- Professional, scientific and technical services, average annual pay$97,631
- Other services, except public administration, employment776
- Construction, employment577
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 6,448 | 368 | $80,331 |
| Accommodation and food services | 4,112 | 177 | $26,989 |
| Retail trade | 3,405 | 238 | $35,937 |
| Professional, scientific and technical services | 1,456 | 199 | $97,631 |
| Other services, except public administration | 776 | 150 | $48,493 |
| Construction | 577 | 72 | $82,561 |
| Finance and insurance | 521 | 99 | $105,442 |
| Arts, entertainment and recreation | 496 | 31 | $26,998 |
Health care and social assistance is the largest private sector at 6,448 jobs, 25.9 percent of covered employment.
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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Fredericksburg city
Building permits in Fredericksburg city
- Housing units authorized by permit, 202437
- Declared construction value permitted$11.3 m
- Single family units authorized37
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$306,405
- Units authorized per 1,000 households3.2
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
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$26,000
- 90th percentile approval$1,142,780
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$40.5 m
The average approval of $459,067 sits well above the median of $250,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
- Status: Paid in full9
- Status: Exempt from disclosure40
- Status: Cancelled6
- Status: Charged off2
- Status: Committed, not yet disbursed6
Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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.
Fredericksburg city
Flood risk in Fredericksburg city
- Participation of the county's own NFIP community Fredericksburg, city ofParticipating, community 510065
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Fredericksburg city, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, the City of Fredericksburg (community 510065), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Fredericksburg city in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202428,873
- 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?
The Census Bureau estimates 29,992 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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 of 27,976, to 29,992 on July 1, 2024. 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 employment by industry in Fredericksburg city?
Health care and social assistance is the largest private sector at 6,448 jobs, 25.9 percent of covered employment. Covered employment averages 24,853 jobs at an average annual pay of $62,880, or $1,209 a week. 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 totaling $28.9 m since FY2020, across 31 lenders, with a median approval of $250,000, plus 21 504 approvals worth $11.6 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Fredericksburg city?
37 housing units were authorized 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 Spotsylvania County, with 535 households. Arriving households report an average income of $66,304 against $75,272 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
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