ZIP Code · VA

ZIP 22408

Part of Fredericksburg, VA

Pop. 31,586·Spotsylvania County·82nd most expensive ZIP in Virginia

Median rent (all units)

$2,095/mo

Year-over-Year

+2.9%

Month-over-Month

+0.5%

vs US Median

+$163

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 22408 · $2,095

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

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,770

1 BR

$1,830

2 BR

$2,040

3 BR

$2,570

4 BR+

$3,030

Research median

$2,040/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

Compared with the peak

Rent in ZIP 22408 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of Virginia

Rent in ZIP 22408 changed +2.8% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 3 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($110,112) is $2,753 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,570); a 4-bedroom is $3,030.

Rank in Fredericksburg

4th cheapest of 6 ZIP codes in Fredericksburg.

From Zillow's monthly rent index (ZORI) for ZIP 22408. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,140/yr

At $2,095/mo median

Location

CityFredericksburg

StateVA

CountySpotsylvania County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 22408 (Fredericksburg, VA) is majority owner-occupied, has a median income above the national average, 40.4% of residents hold a bachelor's degree or higher.

Population

31,586

Median income

$110,112

Median age

36.3

Renters

22.1%

Age distribution

23.9%

23.7%

29.6%

Under 1823.9%

18–3423.7%

35–5429.6%

55–6411.4%

65+11.4%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

56.4%

20.3%

14.5%

White56.4%

Black20.3%

Hispanic14.5%

Asian3%

Other5.9%

Education (25+)

26.1%

25.7%

40.4%

No HS diploma7.9%

HS diploma26.1%

Some college25.7%

Bachelor's+40.4%

Housing tenure

77.9%

22.1%

Owner77.9%

Renter22.1%

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

2021 vs 2026

How ZIP 22408 in Fredericksburg, VA has changed in 5 years

Rent

$1,609 → $2,095

up 30.2%

Income

$101,496 → $110,112

up 8.5%

Population

30,489 → 31,586

up 3.6%

Renter share

24.3% → 22.1%

-2.2 pts

Bachelor's+

40.6% → 40.4%

-0.2 pts

Median age

37.8 → 36.3

-1.5 yrs

Across the past five years, the going rent in ZIP 22408 in Fredericksburg, VA has shifted from $1,609 to $2,095, up 30.2% since 2021. Census figures show median household income at $110,112 today, compared with $101,496 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 22408 in Fredericksburg, VA adding about 1,097 residents over the five-year window, up 3.6% on net. The renter share has eased from 24.3% to 22.1%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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About renting in ZIP 22408

Last updated: October 17, 2026

ZIP code 22408 covers Fredericksburg, VA. The median rent here is $2,095/mo as of October 2026. A 1-bedroom rents for a median of $1,830/mo. A 2-bedroom rents for a median of $2,040/mo.

At 23% of local median household income ($110,112/yr), ZIP 22408 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 22408?

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 $2,095/mo in ZIP 22408. The local median household income is $110,112/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 22408?

Rent in ZIP 22408 has risen 2.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

How does ZIP 22408 compare to other ZIPs in Virginia?

ZIP 22408 is in the middle among Virginia ZIP codes for rent, ranking #82 of 194 at $2,095/mo. Over the year to September 2026, rent in ZIP 22408 changed +2.8%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.