ZIP Code · VA

ZIP 22407

Part of Fredericksburg, VA

Pop. 65,425·Spotsylvania County·79th most expensive ZIP in Virginia

Median rent (all units)

$2,102/mo

Year-over-Year

+3.9%

Month-over-Month

+0.3%

vs US Median

+$170

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 22407 · $2,102

More expensive than 66% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,710

1 BR

$1,770

2 BR

$1,970

3 BR

$2,490

4 BR+

$2,920

Research median

$1,970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 22407 usually run 2% below trend in December and 1.5% above it in August, about $74 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 22407 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of Virginia

Rent in ZIP 22407 changed +3.9% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($111,129) is $2,778 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,490); a 4-bedroom is $2,920.

Rank in Fredericksburg

5th cheapest of 6 ZIP codes in Fredericksburg.

Cheaper nearby

ZIP 22553, 4 miles away, rents for 11% less ($1,868/mo), about $2,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 22407. 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.

Annual cost

$25,224/yr

At $2,102/mo median

Location

CityFredericksburg

StateVA

CountySpotsylvania County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.9% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 22407 (Fredericksburg, VA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 33.5% of residents hold a bachelor's degree or higher.

Population

65,425

Median income

$111,129

Median age

39.1

Renters

23.4%

Age distribution

25.2%

19.7%

25.5%

13.2%

16.4%

Under 1825.2%

18–3419.7%

35–5425.5%

55–6413.2%

65+16.4%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

57.1%

20.1%

16%

White57.1%

Black20.1%

Hispanic16%

Asian3.5%

Other3.4%

Education (25+)

26.1%

30.4%

33.5%

No HS diploma10%

HS diploma26.1%

Some college30.4%

Bachelor's+33.5%

Housing tenure

76.6%

23.4%

Owner76.6%

Renter23.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 22407 in Fredericksburg, VA has changed in 5 years

Rent

$1,532 → $2,102

up 37.2%

Income

$95,734 → $111,129

up 16.1%

Population

61,175 → 65,425

up 6.9%

Renter share

24.4% → 23.4%

-1.0 pts

Bachelor's+

32.7% → 33.5%

+0.8 pts

Median age

37.7 → 39.1

+1.4 yrs

Compared with 2021, rent in ZIP 22407 in Fredericksburg, VA has increased by $570 per month, settling near $2,102 after starting the period at $1,532. Median household income grew from $95,734 to $111,129 between 2021 and 2024, a 16.1% shift. Rent outpaced income growth by roughly 21.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 61,175 to 65,425 between 2021 and 2024, a 6.9% change. Taken together, the five-year picture in ZIP 22407 in Fredericksburg, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 22407

Last updated: October 17, 2026

ZIP code 22407 covers Fredericksburg, VA. The median rent here is $2,102/mo as of October 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $1,970/mo.

At 23% of local median household income ($111,129/yr), ZIP 22407 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 22407?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (about $40/hour full-time) to afford the median rent of $2,102/mo in ZIP 22407. The local median household income is $111,129/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 22407?

Rent in ZIP 22407 has risen 3.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 22407?

Asking rents in ZIP 22407 are usually lowest in December, about 2% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $74 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 22407 compare to other ZIPs in Virginia?

ZIP 22407 is in the middle among Virginia ZIP codes for rent, ranking #79 of 194 at $2,102/mo. Over the year to September 2026, rent in ZIP 22407 changed +3.9%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.