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These days, finding an affordable place to live in the Falls Church area can be challenging. Home prices in Falls Church are now at a median cost of $789,169, higher than the Virginia average of $443,089.
The average cost of rent is $2,350/mo in Falls Church, primarily driven by the current value of real estate in the Falls Church area. In Falls Church, 43.99% of households rent, and 37.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falls Church is $12,185 per month. Households that rent pay about 19.28% of their income on rent here. Falls Church’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Seven Corners, VA: less expensive homes
- West Falls Church, VA: less expensive homes
- Idylwood, VA: equally priced homes
- Arlington, VA: equally priced homes
- Lincolnia, VA: less expensive homes
- Annandale, VA: less expensive homes
- Dunn Loring, VA: higher priced homes
- Woodburn, VA: less expensive homes
- Fort Myer, VA: higher priced homes
- McLean, VA: higher priced homes
Cities with Similar Populations
- Pinellas Park, FL: less expensive homes
- Mason, OH: less expensive homes
- Massillon, OH: less expensive homes
- Medford, MA: equally priced homes
- Apple Valley, MN: less expensive homes
- Newark, OH: less expensive homes
- Oak Lawn, IL: less expensive homes
- Owings Mills, MD: less expensive homes
- Perth Amboy, NJ: less expensive homes
- Mishawaka, IN: less expensive homes
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