Falls Church city, Virginia Housing Market
In Falls Church city, Virginia, the median home value is $1,055,600, with a median monthly rent of $2,190. This places Falls Church city at #12 nationally out of 3134 counties by median home value, and #1 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,356
- Establishments: 1,014
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,208 (avg $228,787)
- Outflow: 5,378 (avg $250,659)
- IRS Statistics of Income
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| Metric | Falls Church city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $1,055,600 | $295,807 | $227,706 |
| Median Gross Rent | $2,190 | $1,169 | $968 |
| Owner Occupancy Rate | 52.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 40.2 | 20.3 | 18.7 |
Market Analysis
The median home value in Falls Church city is 256.9% above the Virginia state average and 363.6% above the U.S. national average. The median rent of $2,190/month is 87.3% above the state average.
With a price-to-rent ratio of 40.2, Falls Church city is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Falls Church city has an owner-occupancy rate of 52.5%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Summit County | Utah | $1,067,700 | $1,987 |
| Santa Cruz County | California | $1,027,500 | $2,264 |
| Alameda County | California | $1,090,100 | $2,357 |
| New York County | New York | $1,090,500 | $2,197 |
| Pitkin County | Colorado | $1,139,100 | $2,004 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Arlington County | $895,000 | $2,322 | 41.3% |
| Loudoun County | $743,800 | $2,386 | 77.9% |
| Alexandria city | $735,100 | $2,089 | 42.1% |
| Fairfax County | $732,800 | $2,276 | 68.6% |
| Fairfax city | $722,600 | $2,245 | 69.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).