Home Insurance in Fredericksburg, Virginia
Homes in Fredericksburg carry a median value of $483,700 - close to the Fredericksburg city median.
The typical home in Fredericksburg was built around 1986. About 24% of homes were built before 1960, in line with Fredericksburg city (24%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Fredericksburg, the housing stock is 52% single-family homes and 42% apartments in buildings with 5+ units.
73% of owner-occupied homes in Fredericksburg carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 40% of occupied homes in Fredericksburg are owner-occupied.
In Fredericksburg, 55% of homes are primarily heated with electricity.
Fredericksburg city's top FEMA-rated hazard is hurricane (Very Low), per FEMA's National Risk Index. Fredericksburg city had 109 active NFIP flood policies as of September 2026. See the full Fredericksburg city home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Virginia carries a statewide average premium of $1,537 per year.
Key figures
| Median home value | $483,700 |
|---|---|
| Median year built | 1986 |
| Owner-occupied share | 40% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Hurricane (Very Low) |
| Active NFIP policies in Fredericksburg city | 109 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)