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- On February 25, 2025, the Fredericksburg City Council unanimously approved the creation of a Technology Overlay District (TOD) in the Celebrate Virginia South area. This decision allows by-right development of data centers on approximately 250 acres. The approval came after extensive public input and discussions, with concerns raised about environmental and noise impacts. Proponents highlighted potential economic benefits, including significant tax revenue. Following the approval, The Silver Companies and STACK Infrastructure announced plans for a $10 billion investment to construct between eight to twelve data centers within the TOD. The full buildout is contingent upon final entitlements, a negotiated water services agreement with the city, and Dominion Energy's provision of new transmission power to the site.
According to the 2020 US census, the population of Fredericksburg, VA was 29,059.
The average property price in Fredericksburg, VA is $468,511.
The property prices in Fredericksburg, VA are currently on an increasing trend.
The average rent value in Fredericksburg, VA is $2,000.
The average household income in Fredericksburg, VA is $100,399.