Falls Church city, Virginia Housing Market Prices
Falls Church city Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 289% above the Virginia median Among the 3 most expensive counties in Virginia$996,323
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Median rent 39% above the Virginia median Among the 5 most expensive counties in Virginia$2,190
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Falls Church city | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $996,323 | $256,082 | $248,835 |
| Price Trend (Annual %) | 12.7% | 3.5% | 7.5% |
| Median Gross Rent | $2,190 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Falls Church city is about 289% higher than in Virginia. Rent is about 39% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Falls Church city, up about 12.7% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Falls Church city rose about 44.4% between 2015 and 2024, from $1,517 to $2,190. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 6.8 yearly household incomes in Falls Church city.
Buying the median-priced home in Falls Church city costs roughly 37.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Falls Church city. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Falls Church city | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $996,323 | $256,082 | $248,835 |
| Median Household Income | $145,867 | $93,527 | $80,455 |
| Price-to-Income Ratio | 6.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Falls Church city rose about 176.3%, while median household income rose about 31.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Falls Church city | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.0% | 61.5% | 58.5% |
| Rental Rate | 45.2% | 29.8% | 31.2% |
| Vacancy Rate | 4.7% | 8.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Falls Church city has a homeownership rate of 50.0%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 4.7%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Falls Church city | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1970 | 1982 | 1978 |
| Median Number of Rooms | 4.9 | 6.0 | 5.5 |
The typical housing unit in Falls Church city was built around 1970. On average, 2.3 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Falls Church city, VA Housing Compared With Nearby Counties
Falls Church city, VA is the smallest of the 4 counties compared here, 14,710 residents against a local median of 678,314. The measure that sets Falls Church city, VA apart most is median home price: $996,323, 67% above the local median of $597,276.
Homeownership tells the same story from another angle: 52.5% against a local median of 41.5%, 27% above it. The one measure here that carries a verdict is homeownership, and at 27% above the local median it puts Falls Church city, VA at the better end of the local range. The counties themselves sit within $284,511 of each other on median home price, a tighter band than the gap between any of them and Falls Church city, VA, which makes it a genuine outlier here rather than one end of a wide local spread. Falls Church city, VA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Falls Church city, VA | 14,710 | $996,323 #1/4 | $2,190 #3/4 | 52.5% #2/4 |
| Arlington County, VA | 236,150 | $370,061 | $2,321 | 41.3% |
| Fairfax County, VA | 1,147,383 | $654,572 | $2,275 | 68.6% |
| District of Columbia, DC | 678,314 | $597,276 | $1,953 | 41.5% |
Frequently Asked Questions
Common questions about the housing market in Falls Church city, Virginia.
What is the median home price in Falls Church city, Virginia?
The median home price in Falls Church city, Virginia is $996,323, higher than the Virginia average of $256,082.
What is the average home price in Falls Church city, Virginia?
The typical home price in Falls Church city, Virginia, reported as the median sale price, is $996,323. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Falls Church city, Virginia?
The median gross rent in Falls Church city, Virginia is $2,190 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Falls Church city in 2020?
In 2020, the median gross rent in Falls Church city, Virginia was $2,044 per month.
What is the price-to-rent ratio in Falls Church city, Virginia?
The price-to-rent ratio in Falls Church city, Virginia is about 37.9, meaning it would take roughly 37.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Falls Church city.
Are home prices or rent rising faster in Falls Church city, Virginia?
Both home prices and rent are rising in Falls Church city, up about 12.7% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Falls Church city, Virginia?
50.0% of households in Falls Church city, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Falls Church city, Virginia?
The housing vacancy rate in Falls Church city, Virginia is 4.7%, lower than the Virginia average of 8.7%.
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