How Much House Can You Afford in Fredericksburg on Your Salary?

One of the first questions buyers ask me is: “How much house can I afford?”
It’s an important question—and the answer depends on more than just your income.

As Chris Jones, your Fredericksburg realtor, I help buyers every day understand what their budget really looks like and how to make smart decisions about financing. In this post, I’ll break down what goes into affordability, give you examples at different income levels, and share how to take the next step toward homeownership.

The 28/36 Rule (Quick Guide to Affordability)

Lenders often use the 28/36 rule to guide how much house you can afford:

• No more than 28% of your gross monthly income should go toward housing (mortgage, taxes, insurance).

• No more than 36% of your gross monthly income should go toward total debt (housing + car payments, credit cards, student loans, etc.).

This means your income, debts, and loan program will all factor into your maximum purchase price.

Example Budgets in Fredericksburg

Let’s look at a few income levels and what that translates to in Fredericksburg real estate today (assuming average interest rates and a modest down payment).

• $60,000 Salary (~$5,000/month):
  Affordable home price range: $225,000–$275,000
  Likely fit: townhomes or starter single-family homes in Spotsylvania or King George.

• $80,000 Salary (~$6,600/month):
  Affordable home price range: $300,000–$350,000
  Likely fit: mid-sized townhomes or smaller detached homes in Fredericksburg and Stafford.

• $100,000 Salary (~$8,300/month):
  Affordable home price range: $375,000–$450,000
  Likely fit: larger townhomes, new construction, or move-in-ready homes in popular Fredericksburg neighborhoods.

• $120,000+ Salary (~$10,000/month):
  Affordable home price range: $450,000–$550,000+
  Likely fit: spacious single-family homes, new builds, or properties with land.

👉 Keep in mind: property taxes, HOA fees, down payment programs, and interest rates can adjust these numbers.

Why Fredericksburg Is Still Affordable

Compared to Northern Virginia and D.C., Fredericksburg offers much more space for the money. Many families choose to live here for affordability while still having commuting options into the city. Plus, you’ll enjoy a strong community, historic charm, and plenty of growth potential for property values.

How Chris Jones Helps Buyers Find the Right Fit

As your Fredericksburg realtor, I don’t just show you homes—I help you understand your budget, connect with trusted lenders, and make sure you’re confident in your purchase. Whether you’re buying your first starter home or moving up to your dream property, I’ll guide you every step of the way.

Final Thoughts

So, how much house can you afford in Fredericksburg? The answer depends on your salary, debts, and financial goals—but with the right guidance, you can find a home that fits both your budget and your lifestyle.

👉 Ready to find out your exact buying power? Reach out to Chris Jones, your Fredericksburg realtor, and let’s get you connected with a trusted lender for pre-approval. Once you know your budget, we’ll find the perfect home for you.