Falls Church, VA—22042
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 $720,000, with a year-over-year change of 0.4%. This indicates that home prices in Falls Church, VA are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $720,000 | 0.4% |
| Single Family | $771,000 | -0.4% |
| Condos | $354,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $323,000 | 0.3% |
2 Bed | $443,000 | 0.9% |
3 Bed | $723,000 | 0.3% |
4 Bed | $823,000 | -0.7% |
| 5 Bed | $943,000 | -0.8% |
% of Housing Stock
Rental Trends — Falls Church, VA
As of July '25, Rentcast reports the average rent in Falls Church, VA is $3,510, with a year-over-year rent change of 32.0%. Per bedroom, the median rent as of July '25 in Falls Church, VA is studios: $1,680, 1-bedrooms: $2,160, 2-bedrooms: $2,570, 3-bedrooms: $3,540, 4-bedrooms: $4,060. The most common rental property sizes in Falls Church, VA are 2-bedroom and 1-bedroom, accounting for 45.8% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,510 |
| Studio Rent | $1,680 | $1,680 |
| 1 Bed Rent | $2,200 | $2,160 |
| 2 Bed Rent | $2,600 | $2,570 |
| 3 Bed Rent | $3,500 | $3,540 |
| 4 Bed Rent | $3,900 | $4,060 |
% 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 26. This is a increase of 20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $726,000 | -2.0% |
Listing Count | 106 | 51.0% |
| Listings as % of Homes | 0.4% | 51.0% |
Days on Market | 26 | 20.0% |
Demographics — Falls Church, VA
As of the latest ACS Survey released in 2023, Falls Church, VA has a population of 34,600, which has remained stable by 0.4% over the past 5 years. Falls Church, VA is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 54.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,600 | 0.4% |
% Under 18 | 21.3% | 8.1% |
% Seniors | 13.6% | 24.8% |
% WFH | 21.1% | 224.6% |
% w/ College Degree | 54.7% | 9.0% |
As of the latest ACS Survey released in 2023, Falls Church, VA is a predominantly white area, with 40.1% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Falls Church, VA is hispanic, making up 33.1% of the population. Foreign-born residents account for 37.5% of the population in Falls Church, VA, and this percentage has increased by 1.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.1% | -9.9% |
% Black | 4.7% | -21.7% |
% Hispanic | 33.1% | 26.3% |
% Asian | 18.1% | -8.1% |
% Foreign Born | 37.5% | 1.1% |
Mortgage and Risk — Falls Church, VA
According to HUD data as of 2023, there were 440 mortgage originations in Falls Church, VA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% 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 | 440 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% 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 5.8%. 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 | 246 |
Total Units Section 8 | 246 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $2,200 | $2,220 |
| 2 Bedroom | -$100 | $2,600 | $2,500 |
| 3 Bedroom | -$370 | $3,500 | $3,130 |
| 4 Bedroom | -$210 | $3,900 | $3,690 |
Affordability — Falls Church, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $720,000 |
| Median Household Income | $136,000 |