ZIP Code 22406 — Demographics & Housing Data 2023

Overview

If you're considering a move, investment, or business opportunity in ZIP 22406, located in Fredericksburg, Virginia, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 26,000 and a strong median household income, this ZIP code presents a blend of suburban stability and growth potential. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing in 22406.

Population & Households

ZIP 22406 is home to 26,248 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,473 households, reflecting a mix of families, singles, and retirees. The total number of housing units stands at 10,025, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests opportunities for both buyers looking for a place to settle and investors eyeing rental properties in a stable market.

Income & Housing Costs

One of the standout metrics for ZIP 22406 is its median household income of $124,357, which is notably higher than many national and regional averages. This figure points to a financially secure community with significant purchasing power—an attractive detail for businesses and retailers. On the housing front, the median home value is $483,200, reflecting a robust real estate market that could appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent of $1,895 per month indicates a competitive rental market, aligning with the area’s higher income levels and housing costs.

Race & Ethnicity

The demographic makeup of ZIP 22406 showcases a diverse yet predominantly white community. Approximately 64.24% of residents identify as white, followed by 14.25% as Black, 12.5% as Hispanic, and 3.71% as Asian. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses alike. For small-business owners, understanding this mix can help tailor products or services to meet the needs of various cultural groups, while homebuyers may appreciate the inclusive community vibe.

Key Facts

• Total population in ZIP 22406: 26,248 residents.
• Total households: 9,473, indicating a strong base of local families and individuals.
• Total housing units: 10,025, suggesting some availability for new occupants or investors.
• Median household income: $124,357, reflecting a financially stable community.
• Median home value: $483,200, pointing to a valuable real estate market.
• Median rent: $1,895, indicative of a competitive rental landscape.
• Racial composition: 64.24% white, 14.25% Black, 12.5% Hispanic, 3.71% Asian.

What This Means for You

For homebuyers, ZIP 22406 offers a promising mix of high median home values and a financially secure community, suggesting that purchasing a property here could be a sound long-term investment. The slight surplus of housing units may also provide some negotiating room in a competitive market. Real estate investors and agents will find the area’s strong income levels and home values appealing for both rental and resale opportunities, especially with a median rent of $1,895 signaling steady demand. Small-business owners can leverage the diverse population and high disposable income to target a wide customer base, whether opening a retail store, restaurant, or service-based business. Analysts studying regional trends will note the balanced demographics and economic indicators as signs of a stable, growing community worth monitoring for future opportunities.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 22406? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to make informed decisions for your next home purchase, investment, or business venture.