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Affordable
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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 $164,533, lower than the Virginia average of $443,089.
The average cost of rent is $763/mo in Falling Spring, primarily driven by the current value of real estate in the Falling Spring area. In Falling Spring, 8.36% of households rent, and 58.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falling Spring is $5,535 per month. Households that rent pay about 13.78% of their income on rent here. Falling Spring’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: higher priced homes
- Healing Springs, VA: higher 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: higher 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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