ZIP 22401
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 22401 usually run 0.4% below trend in December and 0.6% above it in June, about $19 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 22401 is at its highest level since Zillow's records here began in November 2015.
Rent in ZIP 22401 changed +5.1% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in ZIP 22401 rose 41.8% while median household income rose 31.4% ($65,641 to $86,230). Rent outpaced income.
Rent in ZIP 22401 is 50.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($86,230) is $2,156 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,750); a 3-bedroom is $2,210.
3rd cheapest of 6 ZIP codes in Fredericksburg.
From Zillow's monthly rent index (ZORI) for ZIP 22401. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 22401 (Fredericksburg, VA) is majority renter-occupied, skews toward younger working-age adults, 46.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 22401 in Fredericksburg, VA has changed in 5 years
Five years ago, renters in ZIP 22401 in Fredericksburg, VA paid around $1,395 a month. That figure now sits near $1,933, up 38.6% from the 2021 baseline. Census figures show median household income at $86,230 today, compared with $71,989 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 22401 in Fredericksburg, VA adding about 787 residents over the five-year window, up 2.8% on net. Bachelor's-degree-or-higher attainment moved from 42.5% to 46.2% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 22401
Last updated: October 17, 2026
ZIP code 22401 covers Fredericksburg, VA. The median rent here is $1,933/mo as of October 2026. A 1-bedroom rents for a median of $1,570/mo. A 2-bedroom rents for a median of $1,750/mo.
At 27% of local median household income ($86,230/yr), ZIP 22401 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.
Frequently asked questions
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How does ZIP 22401 compare to the rest of Fredericksburg?
At $1,933/mo, rent takes ~27% of ZIP 22401's median household income ($86,230/yr). The standard benchmark is 30%.
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