Falls Church, VA—22043
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 $900,000, 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 -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $900,000 | 1.3% |
| Single Family | $998,000 | 0.8% |
| Condos | $342,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | 0.8% |
2 Bed | $452,000 | 3.0% |
3 Bed | $802,000 | 1.0% |
4 Bed | $1,101,000 | 1.3% |
| 5 Bed | $1,576,000 | 1.3% |
% of Housing Stock
Rental Trends — Falls Church, VA
As of July '25, Rentcast reports the average rent in Falls Church, VA is $3,440, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Falls Church, VA is studios: $1,720, 1-bedrooms: $1,900, 2-bedrooms: $2,610, 3-bedrooms: $3,730, 4-bedrooms: $4,470. The most common rental property sizes in Falls Church, VA are 2-bedroom and 1-bedroom, accounting for 39.2% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,440 |
| Studio Rent | $1,710 | $1,720 |
| 1 Bed Rent | $1,910 | $1,900 |
| 2 Bed Rent | $2,520 | $2,610 |
| 3 Bed Rent | $3,450 | $3,730 |
| 4 Bed Rent | $4,100 | $4,470 |
% 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 37. This is a decrease of -48.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,680,000 | 34.0% |
Listing Count | 93 | -8.0% |
| Listings as % of Homes | 0.5% | -8.0% |
Days on Market | 37 | -48.0% |
Demographics — Falls Church, VA
As of the latest ACS Survey released in 2023, Falls Church, VA has a population of 25,700, which has increased by 1.1% over the past 5 years. Falls Church, VA is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 69.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | 1.1% |
% Under 18 | 24.8% | 6.0% |
% Seniors | 12.9% | 10.3% |
% WFH | 30.1% | 428.1% |
% w/ College Degree | 69.1% | 3.6% |
As of the latest ACS Survey released in 2023, Falls Church, VA is a predominantly white area, with 50.7% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Falls Church, VA is asian, making up 24.5% of the population. Foreign-born residents account for 36.7% of the population in Falls Church, VA, and this percentage has decreased by 5.4% 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 | 50.7% | -4.2% |
% Black | 5.4% | 50.0% |
% Hispanic | 14.2% | -17.9% |
% Asian | 24.5% | 9.9% |
% Foreign Born | 36.7% | -5.4% |
Mortgage and Risk — Falls Church, VA
According to HUD data as of 2023, there were 363 mortgage originations in Falls Church, VA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Falls Church, VA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 363 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 2.9%. 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 and 2-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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 101 |
Total Units Section 8 | 101 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 95.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,910 | $2,260 |
| 2 Bedroom | $20 | $2,520 | $2,540 |
| 3 Bedroom | -$270 | $3,450 | $3,180 |
| 4 Bedroom | -$350 | $4,100 | $3,750 |
Affordability — Falls Church, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $900,000 |
| Median Household Income | $144,000 |