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Falls Church city Housing Market

Virginia · 133 counties · Ranked #3127 in home value

Above National Avg

Housing at a Glance

Median Home Value

$1,005,400

vs national+$1,005,400 vs $281,900 national

Median Gross Rent

$2,205/mo

vs national+$2,205 vs $1,163 national

Effective Tax Rate

0.99%

vs national0.99% vs 1.02% national

Median Household Income

$154,734

vs national+$154,734 vs $74,755 national

Affordability Ratio

6.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$10,001

Tax as % of Home Value

0.99%

Monthly Owner Cost

$3,549

Renter Income

$115,223

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Frequently Asked Questions

What is the median home value in Falls Church city?

The median home value in Falls Church city is $1,005,400. This is above the national median of $281,900.

How much is rent in Falls Church city?

The median gross rent in Falls Church city is $2,205 per month.

What is the property tax rate in Falls Church city?

The effective property tax rate in Falls Church city is 0.99%. The median annual property tax bill is $10,001.

Is Falls Church city affordable?

With a home-value-to-income ratio of 6.5x, Falls Church city is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.