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.
Scott Cleveland
RE/MAX Supercenter
(540) 361-6580
444 Total Sales
4 in Plank Road
$138K - $400K Price Range
Annette Roberts
RE/MAX Cornerstone Realty
(540) 701-5227
140 Total Sales
1 in Plank Road
$500,000 Price
Chris Ognek
Q Real Estate, LLC
(540) 386-0245
238 Total Sales
3 in Plank Road
$665K - $730K Price Range
Sheli Schneider
Samson Properties
(540) 870-5379
100 Total Sales
1 in Plank Road
$560,000 Price
Stephanie Crist
New Home Star Coastal LLC
(866) 785-9604
59 Total Sales
1 in Plank Road
$359,000 Price
lisa Bartley
Keller Williams Capital Properties
(540) 701-6971
60 Total Sales
1 in Plank Road
$359,000 Price
| 1 - Low Crime, 10 - High Crime | Plank Road | US |
|---|---|---|
| Homicide | 4 | 4 |
| Sexual Assault | 3 | 4 |
| Assault with Weapon | 3 | 4 |
| Robbery | 2 | 4 |
| Burglary | 6 | 4 |
| Motor Vehicle Theft | 5 | 4 |
| Larceny | 4 | 4 |
| Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Plank Road, Fredericksburg sell after 56 days on the market compared to the national average of 56 days. The median sale price for homes in Plank Road, Fredericksburg over the last 12 months is $485,000, up 7% from the median home sale price over the previous 12 months.
|
Median List Price
$497,450
|
Median Sale Price
$485,000
|
|
Median Single Family Sale Price
$555,000
|
Median Townhouse Sale Price
$482,000
|
|
Median 2 Bedroom Sale Price
$235,000
|
Median Change From 1st List Price
0%
|
|
Last 12 months Home Sales
17
|
Median Home Sale Price YoY Change
7%
|
|
Average Price Per Sq Ft
$193
|
|
|
Number of Homes
275
|
Number of Homes for Sale
1
|
|
Median Year Built
1996
|
Months of Supply
0.70
|
|
Average Single Family Home Size Sq Ft
2,804
Significantly above the national average
1,933
|
Average Townhouse Size Sq Ft
2,184
|
|
Average 2 Bedroom Size Sq Ft
929
|
Average 1 Bedroom Size Sq Ft
710
|
|
Median Lot Size Sq Ft
17,859
|
|
$1,528 - $1,766 per month
|
Number of Homes for Rent
1
|
Median Rent
$2,700
|
|
Median Townhouse Rent
$2,703
|
Median 3 Bedroom Townhouse Rent
$2,703
|
|
Median Condo Rent
$1,698
|
Median 2 Bedroom Condo Rent
$1,800
|
|
Total Population
1,262
|
Median Age
37
|
|
Population Density
2 ppl/acre
|
Population under 18
24.4%
On par with the national average
23.8%
|
|
Population over 65
15.4%
On par with the national average
19.1%
|
|
|
Median Household Income
$91,136
Above the national average
$79,597
|
Average Household Income
$132,890
|
|
High School Graduates
95%
|
College Graduates
21.4%
Below the national average
34.1%
|
|
Advanced Degrees
6.6%
|
% Population in Labor Force
76%
Above the national average
64.9%
|
|
Annual Precipitation
44''
|
Average Winter Low Temperature
25°F
|
|
Average Summer High Temperature
88°F
|
Annual Snowfall
3''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
A vibrant, historic neighborhood on the banks of the Rappahannock River
Convenience and a variety of home styles in the heart of Fredericksburg
A central Fredericksburg neighborhood home to UMW and Civil War history
Neighborhood featuring new homes in the heart of Fredericksburg
Historic area coming of age as a residential suburb with everything close by
Smaller historic homes within minutes of the Rappahannock River
