Plank Road is a mixed-use community in the center of Fredericksburg that is growing in popularity. Buyers can choose from a variety of housing options, including established single-family houses, newer builds and condos. Residents enjoy easy access to highway travel, shopping and the city’s other hot spots.
The area has multiple subdivisions, some with ranch-style homes from the 1960s and ‘70s, others with newer, Colonial Revival-style designs. Single-family houses tend to sell between the mid-$400,000s and the upper $600,000s. There are also a few multifamily developments, and condos usually run from the upper $100,000s to the lower $200,000s. Townhouses don’t hit the market very often, but one recently sold in the upper $400,000s.
Plank Road’s convenient setting is one of its biggest draws. “People want to avoid traffic,” says Chris Ognek, broker with Q Real Estate, who has lived in Fredericksburg for about 20 years. “As the density of the area continues to increase, the property values of homes that are more centrally located have a lot of upward price pressure.”
The community gets its name from Plank Road — also known as Virginia Route 3 — which runs through its center. It’s a wide, busy thoroughfare lined with shopping plazas, big-box stores and restaurants. While the roadway itself stays pretty active, houses are tucked back behind commercial developments. You'll see trees along most streets, which not only add to the curb appeal but also help to keep the area quieter.
Plank Road is home to several businesses, including Gold’s Gym, Taj Indian Cuisine and a few locally owned markets. It’s also a good jumping-off place for exploring the city. “It’s so easy to get to things,” Ognek says. “You’re literally five minutes from everything in Fredericksburg.” Nearby attractions include:
The neighborhood falls within the Fredericksburg City Public Schools district. Older students can go to James Monroe High School, which offers career and technical education courses as well as the option to take virtual classes through the A. Linwood Holton Governor’s School. Some families send their kids to the nearby Fredericksburg Academy, a highly rated private school that runs from prekindergarten through 12th grade.
With its direct access to Interstate 95 and U.S. Route 1, Plank Road is a popular choice for commuters. Washington and Northern Virginia are less than 60 miles away, but depending on traffic, the drive might take you anywhere from an hour to two hours. To skip the stress of NoVA rush-hour travel, Ognek says many people rely on the Virginia Railway Express, which leaves from the station in Downtown Fredericksburg.
Annette Roberts
RE/MAX Cornerstone Realty
(540) 701-5227
147 Total Sales
1 in Plank Road
$500,000 Price
Chris Ognek
Q Real Estate, LLC
(540) 386-0245
248 Total Sales
2 in Plank Road
$360K - $695K Price Range
Angela Chadwell
At Your Service Realty
(680) 219-5567
76 Total Sales
1 in Plank Road
$358,000 Price
Sheli Schneider
Samson Properties
(540) 870-5379
101 Total Sales
1 in Plank Road
$560,000 Price
lisa Bartley
Keller Williams Capital Properties
(540) 701-6971
69 Total Sales
1 in Plank Road
$359,000 Price
Ana Yassawy
Big Apple Realty, LLC
(240) 903-6169
50 Total Sales
1 in Plank Road
$385,000 Price
On average, homes in Plank Road, Fredericksburg sell after 46 days on the market compared to the national average of 54 days. The median sale price for homes in Plank Road, Fredericksburg over the last 12 months is $480,000, up 8% from the median home sale price over the previous 12 months.
$1,455 - $1,682 per month
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