Falls Church, VA—22041
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falls Church, VA
As of Oct '25, the median home price in Falls Church, VA is $445,000, with a year-over-year change of 1.3%. This indicates that home prices in Falls Church, VA are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | 1.3% |
| Single Family | $821,000 | -0.7% |
| Condos | $341,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $275,000 | 1.9% |
2 Bed | $373,000 | 0.8% |
3 Bed | $613,000 | 1.2% |
4 Bed | $968,000 | 0.0% |
| 5 Bed | $1,114,000 | 1.2% |
% of Housing Stock
Rental Trends — Falls Church, VA
As of July '25, Rentcast reports the average rent in Falls Church, VA is $2,680, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Falls Church, VA is studios: $1,800, 1-bedrooms: $2,060, 2-bedrooms: $2,710, 3-bedrooms: $3,330, 4-bedrooms: $3,890. The most common rental property sizes in Falls Church, VA are 2-bedroom and 1-bedroom, accounting for 49.8% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,680 |
| Studio Rent | $1,700 | $1,800 |
| 1 Bed Rent | $2,000 | $2,060 |
| 2 Bed Rent | $2,700 | $2,710 |
| 3 Bed Rent | $3,300 | $3,330 |
| 4 Bed Rent | $3,850 | $3,890 |
% of Rental Stock
Property Listings — Falls Church, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Falls Church, VA is 31. This is a increase of 54.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | 42.0% |
Listing Count | 54 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 31 | 54.0% |
Demographics — Falls Church, VA
As of the latest ACS Survey released in 2023, Falls Church, VA has a population of 29,800, which has increased by 4.0% over the past 5 years. Falls Church, VA is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 47.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | 4.0% |
% Under 18 | 23.7% | -2.1% |
% Seniors | 15.6% | 9.9% |
% WFH | 15.4% | 214.3% |
% w/ College Degree | 47.1% | 0.2% |
As of the latest ACS Survey released in 2023, Falls Church, VA is a predominantly white area, with 33.2% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Falls Church, VA is hispanic, making up 31.3% of the population. Foreign-born residents account for 49.0% of the population in Falls Church, VA, and this percentage has decreased by 0.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 33.2% | -2.6% |
% Black | 15.4% | -8.9% |
% Hispanic | 31.3% | -1.3% |
% Asian | 13.7% | 0.0% |
% Foreign Born | 49.0% | -0.8% |
Mortgage and Risk — Falls Church, VA
According to HUD data as of 2023, there were 274 mortgage originations in Falls Church, VA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Falls Church, VA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 274 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Falls Church, VA
As of 2024, the percent of homes in Falls Church, VA under the Section 8 program is 11.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Falls Church, VA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 599 |
Total Units Section 8 | 599 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $2,000 | $2,010 |
| 2 Bedroom | -$440 | $2,700 | $2,260 |
| 3 Bedroom | -$470 | $3,300 | $2,830 |
| 4 Bedroom | -$520 | $3,850 | $3,330 |
Affordability — Falls Church, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $445,000 |
| Median Household Income | $91,100 |