Great Falls, VA—22066
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Great Falls, VA
As of Oct '25, the median home price in Great Falls, VA is $1,625,000, with a year-over-year change of 2.8%. This indicates that home prices in Great Falls, 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 | $1,625,000 | 2.8% |
| Single Family | $1,626,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $1,197,000 | 1.4% |
4 Bed | $1,408,000 | 2.0% |
| 5 Bed | $1,999,000 | 2.5% |
% of Housing Stock
Rental Trends — Great Falls, VA
As of July '25, Rentcast reports the average rent in Great Falls, VA is $5,330, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Great Falls, VA is studios: $2,400, 1-bedrooms: $2,090, 2-bedrooms: $2,590, 3-bedrooms: $4,000, 4-bedrooms: $4,970. The most common rental property sizes in Great Falls, VA are 3-bedroom and 5+ bedroom, accounting for 34.0% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,000 | $5,330 |
| Studio Rent | $2,400 | $2,400 |
| 1 Bed Rent | $2,090 | $2,090 |
| 2 Bed Rent | $2,590 | $2,590 |
| 3 Bed Rent | $4,000 | $4,000 |
| 4 Bed Rent | $5,000 | $4,970 |
% of Rental Stock
Property Listings — Great Falls, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Great Falls, VA is 39. This is a decrease of -3.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,760,000 | 5.0% |
Listing Count | 68 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 39 | -3.0% |
Demographics — Great Falls, VA
As of the latest ACS Survey released in 2023, Great Falls, VA has a population of 16,900, which has decreased by -7.9% over the past 5 years. Great Falls, VA is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 85.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 39.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | -7.9% |
% Under 18 | 24.7% | 2.1% |
% Seniors | 20.0% | 5.3% |
% WFH | 39.4% | 251.8% |
% w/ College Degree | 85.1% | 7.7% |
As of the latest ACS Survey released in 2023, Great Falls, VA is a predominantly white area, with 63.4% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Great Falls, VA is asian, making up 24.0% of the population. Foreign-born residents account for 23.5% of the population in Great Falls, VA, and this percentage has decreased by 2.1% 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 | 63.4% | -9.7% |
% Black | 0.8% | -46.7% |
% Hispanic | 4.8% | -2.0% |
% Asian | 24.0% | 25.0% |
% Foreign Born | 23.5% | -2.1% |
Mortgage and Risk — Great Falls, VA
According to HUD data as of 2023, there were 313 mortgage originations in Great Falls, VA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Great Falls, VA. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 313 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Great Falls, VA
Great Falls, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $990 | $2,090 | $3,080 |
| 2 Bedroom | $880 | $2,590 | $3,470 |
| 3 Bedroom | $340 | $4,000 | $4,340 |
| 4 Bedroom | $120 | $5,000 | $5,120 |
Affordability — Great Falls, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $1,625,000 |
| Median Household Income | $250,000 |