Nearly 62% of housing in the City of Fredericksburg is occupied by renters, the 13th highest rate in the country and third highest in the state, according to a recent report from Overflow Data.
The city’s renter rate of 61.5% joins seven other Virginia localities on the top 25, including Petersburg (62.6%), Harrisonburg (61.9%) and Emporia (60%). Kalawao County, Hawaii (100%) tops the overall list, followed by Kenedy County, Texas (84.2%) and Bronx County, New York (80%).
The percentage of renter-occupied households in Fredericksburg is trending downward; a report from Stacker in 2021 placed 64.5% of households renting, which was the highest in Virginia at the time.
Fredericksburg’s renter rates are inverse the national average, where nearly two thirds of Americans own their homes.
Find the full report from Overflow Data at bit.ly/431Cgk6.
