22407 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Spotsylvania County
Centroid: Latitude 38.282, Longitude -77.557
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 22407 has segments in 3 Counties / Independent Cities (Culpeper, Fredericksburg City, Spotsylvania).

Businesses Addresses: 1,190
PO Box Addresses: 0
Residential Addresses: 22,281

Multi-Family Addresses: 2,020
Single Family Addresses: 20,261

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Fredericksburg, VA 22407 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	61,610 (100%)
Population in Households	61,146 (99.2%)
Population in Families	52,268 (84.8%)
Population in Group Quarters¹	464 ( 0.8%)
Population Density	957
Diversity Index²	65


INCOME
Median Household Income	$89,062
Average Household Income	$111,947
% of Income for Mortgage⁴	13%
Per Capita Income	$37,992
Wealth Index⁵	138

HOUSING
Total HU (Housing Units)	21,992 (100%)
Owner Occupied HU	16,412 (74.6%)
Renter Occupied HU	4,461 (20.3%)
Vacant Housing Units	1,119 ( 5.1%)
Median Home Value	$279,734
Average Home Value	$311,714
Housing Affordability Index³	191

HOUSEHOLDS
Total Households	20,873
Average Household Size	2.93
Family Households	15,617
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Fredericksburg, VA 22407 - Peer Comparisons by Rank and Percentile

The table below compares 22407 to the other 865 ZIP Codes in Virginia by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	1.24%	1.4%
Households	1.16%	1.36%
Families	1.04%	1.27%
Median Household Income		1.14%
Per Capita Income		1.66%
Owner Occupied HU		0.83%

Variable Description	Rank	Percentile
Total Population	# 10	99th
Population Density	# 161	82nd
Median Household Income	# 130	85th
Housing Affordability Index	# 575	66th
Per Capita Income	# 211	76th
Diversity Index	# 98	89th

Fredericksburg, VA 22407 ZIP Code Profile

ZIP Code 22407: Basic Data & USPS Preferred City Name

Fredericksburg, VA 22407 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fredericksburg, VA 22407 - Peer Comparisons by Rank and Percentile

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