Falls Church, VA—22046
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 $1,017,000, with a year-over-year change of 3.8%. This indicates that home prices in Falls Church, VA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,017,000 | 3.8% |
| Single Family | $1,178,000 | 3.5% |
| Condos | $415,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $308,000 | 1.3% |
2 Bed | $502,000 | 3.1% |
3 Bed | $980,000 | 3.6% |
4 Bed | $1,258,000 | 3.7% |
| 5 Bed | $1,753,000 | 2.9% |
% of Housing Stock
Rental Trends — Falls Church, VA
As of July '25, Rentcast reports the average rent in Falls Church, VA is $3,790, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Falls Church, VA is studios: $1,960, 1-bedrooms: $2,010, 2-bedrooms: $2,650, 3-bedrooms: $3,760, 4-bedrooms: $3,700. The most common rental property sizes in Falls Church, VA are 1-bedroom and 2-bedroom, accounting for 38.0% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,790 |
| Studio Rent | $2,100 | $1,960 |
| 1 Bed Rent | $1,980 | $2,010 |
| 2 Bed Rent | $2,400 | $2,650 |
| 3 Bed Rent | $3,800 | $3,760 |
| 4 Bed Rent | $2,000 | $3,700 |
% 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 33. This is a increase of 73.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $999,000 | -33.0% |
Listing Count | 85 | 121.0% |
| Listings as % of Homes | 0.4% | 121.0% |
Days on Market | 33 | 73.0% |
Demographics — Falls Church, VA
As of the latest ACS Survey released in 2023, Falls Church, VA has a population of 18,100, which has decreased by -1.5% over the past 5 years. Falls Church, VA is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 76.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,100 | -1.5% |
% Under 18 | 25.3% | -3.4% |
% Seniors | 15.5% | 18.3% |
% WFH | 25.9% | 240.8% |
% w/ College Degree | 76.2% | 4.5% |
As of the latest ACS Survey released in 2023, Falls Church, VA is a predominantly white area, with 67.1% 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 12.8% of the population. Foreign-born residents account for 20.0% of the population in Falls Church, VA, and this percentage has decreased by 1.0% 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 | 67.1% | -2.6% |
% Black | 4.7% | 2.2% |
% Hispanic | 12.8% | 14.3% |
% Asian | 9.8% | -14.0% |
% Foreign Born | 20.0% | -1.0% |
Mortgage and Risk — Falls Church, VA
According to HUD data as of 2023, there were 231 mortgage originations in Falls Church, VA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Falls Church, VA. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 231 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
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 3.6%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,980 | $2,410 |
| 2 Bedroom | $310 | $2,400 | $2,710 |
| 3 Bedroom | -$410 | $3,800 | $3,390 |
| 4 Bedroom | $2,000 | $2,000 | $4,000 |
Affordability — Falls Church, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $1,017,000 |
| Median Household Income | $175,000 |