How much is a home worth in ZIP code 22401?

The typical home in 22401 is worth $472,244, based on the Zillow Home Value Index.

Are home values rising in 22401?

Home values in 22401 are up 0.7% over the past year, and up 3.9% a year over five years.

What is the typical rent in 22401?

A typical home in 22401 rents for about $1,952 a month, a gross rental yield of 5.0%.

What is the property tax rate in 22401?

The effective property tax rate in 22401 is 0.6% — roughly $3,050 a year on a typical home.

ZIP code 22401 has a population of 28,731 and a median household income of $86,230.

HousingHandbookReference data

…

U.S. ZIP Code · VA22401

Fredericksburg city · Washington-Arlington-Alexandria, DC-VA-MD-WV

Typical home value

$472,244^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.7%
5-year / yr: +3.9%
10-year / yr: +4.7%

Relative price

vs U.S.: +66.2%
vs metro: -19.6%
vs state: +43.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 22401 is worth $472,244 — 19.6% below the Washington-Arlington-Alexandria, DC-VA-MD-WV median. Over the past year, values have risen 0.7%. Homes here rent for a typical $1,952 a month — a 5.0% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,952^[2]
Gross yield: 5.0%^[2]
Cap rate: 3.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $3,050^[3]

#Climate risk

FEMA National Risk Index ratings for Fredericksburg city. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very Low^[4]
Riverine flood: Very Low
Coastal flood: Very Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Very Low
Earthquake: Very Low
Winter weather: Very Low

#Who lives here

Population: 28,731^[3]
Median household income: $86,230^[3]

#Migration

Household moves in and out of Fredericksburg city over a year, from IRS tax-return data.

Net migration: +53^[5]
Moved in: 2,221
Moved out: 2,168

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 1
High: 1

James Monroe High
High · Grades 9–12 · Fredericksburg City Public Schools
1,005 students
Hugh Mercer Elementary
Elementary · Grades K–5 · Fredericksburg City Public Schools
849 students
Lafayette Elementary
Elementary · Grades K–5 · Fredericksburg City Public Schools
809 students
Walker-Grant Middle
Middle · Grades 6–8 · Fredericksburg City Public Schools
774 students
Walker-Grant Early Childhood Center
Prekindergarten · Grades PK · Fredericksburg City Public Schools
138 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.0%

Net yield (after ~40% expenses)3.0%

Annual rent$23,423

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,388

Loan principal$377,795

Down payment$94,449

Total interest paid$481,857

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.56

Monthly cost to own$3,037

Monthly rent$1,952

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 57th percentile^[1]
Rental yield: 54th percentile^[2]
Property tax: 22nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 22401?: The typical home in 22401 is worth $472,244, based on the Zillow Home Value Index.
Are home values rising in 22401?: Home values in 22401 are up 0.7% over the past year, and up 3.9% a year over five years.
What is the typical rent in 22401?: A typical home in 22401 rents for about $1,952 a month, a gross rental yield of 5.0%.
What is the property tax rate in 22401?: The effective property tax rate in 22401 is 0.6% — roughly $3,050 a year on a typical home.
Who lives in 22401?: ZIP code 22401 has a population of 28,731 and a median household income of $86,230.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

21793 vs 22401 →
Walkersville, MD
Typical home
$472,525
Gross yield
—
20675 vs 22401 →
Pomfret CDP, MD
Typical home
$473,135
Gross yield
—
20774
Brock Hall CDP, MD
Typical home
$469,685
Gross yield
5.5%
22407
Fredericksburg, VA
Typical home
$469,545
Gross yield
5.2%
20611
MD
Typical home
$475,099
Gross yield
—
20772
Croom CDP, MD
Typical home
$476,562
Gross yield
6.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 22401 against any other ZIP — full side-by-side table.

Compare 22401 →

#Jump to section

U.S. ZIP Code · VA22401

Get more data on ZIPs like this

Get more data on ZIPs like this