Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Falling Spring area can be challenging. Home prices in Falling Spring are now at a median cost of $146,847, lower than the Virginia average of $323,261.
The average cost of rent is $696/mo in Falling Spring, primarily driven by the current value of real estate in the Falling Spring area. While nearly 49.93% of residents own their homes outright in Falling Spring, 9.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Falling Spring is $5,035 per month. Households that rent pay about 13.82% of their income on rent here. Falling Spring's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Clearwater Park, VA: equally priced homes
- Carloover, VA: less expensive homes
- Callaghan, VA: equally priced homes
- Covington, VA: less expensive homes
- Mallow, VA: less expensive homes
- Callison, VA: less expensive homes
- Healing Springs, VA: equally priced homes
- Hot Springs, VA: higher priced homes
- Rayon Terrace, VA: less expensive homes
- Low Moor, VA: less expensive homes
Cities with Similar Populations
- High Point, TN: less expensive homes
- Simms, MT: higher priced homes
- Silver Lake, MA: higher priced homes
- Hornick, IA: higher priced homes
- Honey Grove, PA: equally priced homes
- Homeside, OH: higher priced homes
- Holyrood, KS: less expensive homes
- Holly, LA: higher priced homes
- Hiwannee, MS: less expensive homes
- Hilltop, WV: less expensive homes
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