Why Live in Lafayette
Lafayette in Fredericksburg, located in the 22401 ZIP code, is a vibrant neighborhood known for its proximity to Mary Washington University and easy access to Interstate 95. Residents enjoy a variety of things to do, including visiting the downtown farmers market, dining at upscale plazas, and catching a movie. The area is well-connected for commuters, with quick access to the Virginia Railway Express Park and Ride lots for trips to Alexandria, Crystal City, and downtown D.C. Lafayette Boulevard, just south of Downtown Fredericksburg, features a mix of communities such as Telegraph Hill, Kensington Hills, Summerfield, and Twin Lakes. Home styles vary from vintage single-levels to contemporary townhouses with Craftsman-style exteriors. The neighborhood offers both new developments and established streets with mature trees. Single-family homes range from three-bedroom cottages to expansive ranch styles, with prices reflecting the age and style of the properties. Lafayette Upper Elementary, Walker-Grant Middle, and James Monroe High serve the area, with the high school noted for its DECA program. Entertainment options include downtown pubs and eateries, Fredericksburg Nationals baseball games, and performances by the Fredericksburg Ballet Centre. Essential shopping is available at Central Park Plaza, and local favorites like Paul’s Bakery are within walking distance for some residents. The neighborhood's close-knit, artsy, and cultural vibe, combined with its university-town atmosphere, makes it a dynamic place to live.
Frequently Asked Questions
Is Lafayette a good place to live?
Lafayette is a good place to live. Lafayette is considered car-dependent and somewhat bikeable. Lafayette is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Lafayette has 6 parks for recreational activities. It is fairly sparse in population with 5.8 people per acre and a median age of 34. The average household income is $102,803 which is above the national average. College graduates make up 34.4% of residents. A majority of residents in Lafayette are renters, with 65.7% of residents renting and 34.3% of residents owning their home. A
local real estate agent serving Lafayette can help you decide if this neighborhood is the right one for you. Learn more on our
Lafayette neighborhood guide.
Is Lafayette, VA a safe neighborhood?
Lafayette, VA is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Lafayette?
The median home price in Lafayette is $632,500. If you put a 20% down payment of $126,500 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,280 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $141K a year to afford the median home price in Lafayette. The average household income in Lafayette is $103K.
What are the best public schools in Lafayette?
The best public schools that serve Lafayette are:
What are the best private schools in Lafayette?
The best private schools that serve Lafayette are:
What are the most popular zip codes in Lafayette, Fredericksburg, VA?
What are the most popular neighborhoods near Lafayette, Fredericksburg, VA?
Home Trends in Lafayette, VA
On average, homes in Lafayette, Fredericksburg sell after 23 days on the market compared to the national average of 70 days. The median sale price for homes in Lafayette, Fredericksburg over the last 12 months is $632,500, up 98% from the median home sale price over the previous 12 months.
Median Sale Price
$632,500
Median Single Family Sale Price
$465,000
Average Price Per Sq Ft
$244
Number of Homes for Sale
0
Last 12 months Home Sales
8
Median List Price
$632,500
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
98%