Why Live in Central Park
Central Park in Fredericksburg is a burgeoning neighborhood known for its proximity to the East Coast’s largest shopping center and easy access to Interstate 95, making it convenient for both commuters and shoppers. The neighborhood features newly built, three-story Colonial Revival homes with unique facades of brick and vinyl, modest yards, and street parking. These homes, built in 2020, offer spacious interiors averaging 1,900 square feet. Central Park is home to Lafayette Upper Elementary, Walker-Grant Middle School, and James Monroe High School, with the latter having a high rating. The area is rich with things to do, including Fun Land for family entertainment, Regal Cinema for moviegoers, and Battlefield Tours of Virginia for history enthusiasts. Dining options are plentiful, with Park Lane Tavern and the Melting Pot offering diverse culinary experiences. Grocery shopping is convenient with Wegmans nearby, and other essentials can be found at Lowe’s and Target. The neighborhood is also served by the Fredericksburg Regional Transit system. Central Park’s combination of modern amenities and strategic location makes it a vibrant and practical choice for home buyers.
Frequently Asked Questions
Is Central Park a good place to live?
Central Park is a good place to live. Central Park is considered car-dependent and somewhat bikeable. Central Park has 6 parks for recreational activities. It is sparse in population with 2.3 people per acre and a median age of 30. The average household income is $94,443 which is below the national average. College graduates make up 39.1% of residents. A majority of residents in Central Park are renters, with 98.5% of residents renting and 1.5% of residents owning their home. A
local real estate agent serving Central Park can help you decide if this neighborhood is the right one for you. Learn more on our
Central Park neighborhood guide.
How much do you need to make to afford a house in Central Park?
The median home price in Central Park is $427,500. If you put a 20% down payment of $85,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,180 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Central Park. The average household income in Central Park is $94K.
What are the best public schools in Central Park?
The best public schools that serve Central Park are:
What are the best private schools in Central Park?
The best private schools that serve Central Park are:
What are the most popular zip codes in Central Park, Fredericksburg, VA?
What are the most popular neighborhoods near Central Park, Fredericksburg, VA?
Are home prices dropping in Central Park?
Yes, home prices in Central Park are down 4% in the last 12 months.
Home Trends in Central Park, VA
On average, homes in Central Park, Fredericksburg sell after 13 days on the market compared to the national average of 52 days. The median sale price for homes in Central Park, Fredericksburg over the last 12 months is $427,500, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$427,500
Median Townhouse Sale Price
$420,000
Average Price Per Sq Ft
$213
Number of Homes for Sale
0
Last 12 months Home Sales
4
Median List Price
$427,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%