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Sarah Mitchell
Compass Real Estate · ZIP 22407
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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22407 ZIP Code Housing Market
$460,000median sale price
What is the 22407 housing market like right now?
The median home sale price in ZIP code 22407 is $460,000, down 1.8% year-over-year. Homes sell in an average of 38 days with 173 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 22407 ZIP code a buyer's or seller's market?
ZIP code 22407 is currently a balanced market and homes selling in about 38 days. How we determine this →
What are the latest 22407 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $460,000 |
| Median list price | $489,450 |
| Year-over-year price change | -1.8% |
| Average days on market | 38 days |
| Active inventory | 173 listings |
| Sale-to-list price ratio | 99.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 22407 zip code, located in Fredericksburg, VA, is currently classified as a balanced market. The median sale price stands at $460,000, representing a -1.8% change year over year. Homes in this area spend an average of 38 days on the market before going under contract. There are currently 173 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 22407 sits in the Fredericksburg, VA area, roughly 5.2 miles from downtown Fredericksburg. Because home prices are set street by street, this ZIP can move differently from Fredericksburg's citywide averages. The figures below reflect 22407 specifically — drawn from Redfin transactions, U.S. Census data for its 65,425 residents, and Zillow value estimates.
Homes sold
227
Last 12 weeks
Days on market
38
Average pace
Active listings
173
Sale-to-list
99.6%
Below asking
What is driving the 22407 housing market?
The 22407 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 22407 have declined -1.8% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 22407 stands at $471,526, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,162 per month. This gives a price-to-rent ratio of approximately 18.2, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 22407?
Population
65,425
Median income
$111,129/yr
Median age
39.1 years
Owner-occupied
76.6%
College grads
33.5%
Avg commute
42.57 min
What is it like living in 22407?
Zip code 22407 is home to approximately 65,425 residents. The median household income is $111,129 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 76.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 33.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 42.57 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 22407.
Which public schools serve ZIP 22407?
13 schools tracked · 11,383 students
The largest public schools serving ZIP code 22407 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Riverbend High
Grades 9-12 · 1,950 students
Massaponax High
Grades 9-12 · 1,702 students
Chancellor High
Grades 9-12 · 1,374 students
Parkside Elementary
Grades PK-5 · 924 students
Chancellor Middle
Grades 6-8 · 791 students
Battlefield Middle
Grades 6-8 · 765 students
Freedom Middle
Grades 6-8 · 752 students
Harrison Road Elementary
Grades PK-5 · 732 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 22407
What is the median home price in 22407?
The current median sale price in 22407 is $460,000, based on recent Redfin transaction data. Prices have changed -1.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 22407 a buyer's or seller's market?
The 22407 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 22407?
Zip code 22407 has a population of approximately 65,425 residents. The median household income is $111,129 per year. About 76.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 22407?
Properties Incorporated provides comprehensive data for 22407 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 22407 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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