$484,052Average Value$212Average Price per Sq Ft6Homes For Sale
Lafayette offers proximity to downtown Fredericksburg, I-95
“There’s always something going on in the 22401 ZIP code,” says Kathy Deal, associate broker with Long and Foster Real Estate, “which is why you’re not living here to be away from it all, but to be close to all the fun in Fredericksburg, and around Mary Washington University, with easy access to Interstate 95.” Locals can choose to spend weekends at the downtown farmers market or dinner-and-movie nights in upscale plazas. It’s also a quick trip up Lafayette Boulevard to the Virginia Railway Express Park and Ride lots for commuters heading to Alexandria, Crystal City and downtown D.C.
Mix of vintage and new homes on tree-filled streets
In this area hugging Lafayette Boulevard, which is just south of Downtown Fredericksburg, Deal adds, “Many think of their homes as being part of Downtown Fredericksburg.” Communities in the Lafayette area include Telegraph Hill, Kensington Hills, Summerfield, Twin Lakes and more, and architecture ranges from vintage single-levels, to swanky new town houses in Fredericksburg Park to designer custom homes in Twin Lakes. “Homes along Lafayette Boulevard to the north,” says Deal, “are 2022 builds, both single-family and town houses that are contemporary inside with Craftsman-style exteriors. Home pricing overall throughout the neighborhood averages between $400,000 and $600,000, depending on age.”
The neighborhood has a mix of townhouses and detached homes, both in new developments with an open character, or on well-treed streets that feel established. Single-family homes range from three-bedroom cottages built in the ‘60s for under $400,000 to expansive 5,000-square-foot ranch styles fetching $675,000. Homes in Kensington Hills built in 2006 can be found for close to $550,000 and new Craftsman styles in Fredericksburg Park are priced around $580,000. Multi-gabled homes built in 2020 run about $600,000, and nicely maintained and updated homes in Twin Lakes can ask between $650,000 and $750,000. From homes to the north, you can bike to restaurants and pubs in downtown proper. “The homes around Twin Lakes,” adds Deal, “were built mostly in the ‘70s and ‘80s, and the ones that back to the lake are considered premium. The lake is accessible to anyone, though, and locals do go there to fish or just relax.”
Fredericksburg City Public Schools serves the neighborhood
Kids attend school within the Fredericksburg City Public Schools district, which rates a C on Niche. The district offers limited school choice through open enrollment within the district and magnet-style programs. Out-of-district transfers require approval. Placement is generally based on space available and district policy, not a lottery system. Children can attend Gladys West Elementary, which is unrated on Niche as of late 2025; C-minus-rated Walker-Grant Middle School and C-plus-rated James Monroe High School. High schoolers can participate in the standout DECA program that prepares emerging leaders and entrepreneurs for careers in marketing, hospitality, management and finance. In 2023, JMHS DECA students won more than a dozen "Top 8 Overall" placements, out of 50+ students in each category, at the Virginia DECA Competitive Event.
Residents find dining, shopping and entertainment nearby
For entertainment, residents choose among the many pubs and eateries downtown, take in a Fredericksburg Nationals baseball game nearby, or enjoy stunning ballet performances at James Monroe High, courtesy of the local Fredericksburg Ballet Centre. This neighborhood gem offers ballet classes and musical theater camps for all ages and abilities, as well as ballroom dancing for adults.
Big-box retailers are just west on Route 3 in Central Park Plaza. “You’ve also got several large movie theaters close by,” says Deal, “including Paragon that has a mini bowling alley and a full bar and restaurant inside.” Without leaving the community, residents in the Valley Run development can walk to Subway, and homes near the middle school are within a half-mile of the old-school Paul’s Bakery, known for delicious donuts, pastries and cakes since the early ‘70s.
“You’ll constantly find something going on year-round,” adds Deal, “and you can be at the baseball stadium, Expo Center or Central Park in 10 minutes. A lot of people call this a mini-Old Town Alexandria, because the community is very quaint and personable. People know each other, and there’s a real university-town vibe. It’s a nice little artsy, cultural area where it’s easy to get involved.”
Route 1 and local buses connect residents to nearby communities
U.S. Route 1 runs through the neighborhood and connects residents to nearby communities. Fredericksburg Regional Transit buses stop along Lafayette Boulevard.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Fredericksburg and Spotsylvania National Military Park
Trails
Visitor Center
Maury Park
Basketball
Picnic Area
Playground
Alum Spring Park
Grills
Picnic Area
Trails
Fredericksburg Area War Memorial Park
Trails
Cobblestone Park
Trails
Walking Paths
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Lafayette Demographics and Home Trends
On average, homes in Lafayette, Fredericksburg sell after 25 days on the market compared to the national average of 53 days. The median sale price for homes in Lafayette, Fredericksburg over the last 12 months is $439,050, up 1% from the median home sale price over the previous 12 months.
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