Falls Church, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Falls Church Neighborhoods Since 2000




Falls Church, VA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Falls Church Housing Market Information

With a population of 13,892, 5,166 total housing units (homes and apartments), and a median house value of $755,545, Falls Church house prices are not only among the most expensive in Virginia, Falls Church real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Falls Church, accounting for 44.46% of the city's housing units. Other types of housing that are prevalent in Falls Church include single-family detached homes ( 40.06%), row houses and other attached homes ( 13.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.05%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Falls Church primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Falls Church has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Falls Church's housing was primarily built during this period, from the '40s through the '60s. A full 52.53% of the city's housing hails from this era. Other housing ages represented in Falls Church include homes built between 1970-1999 ( 25.85%) and housing constructed between 2000 and later ( 14.69%). There's also some housing in Falls Church built before 1939 ( 6.93%).

Falls Church Home Appreciation Rates

In the last 10 years, Falls Church has experienced some of the highest home appreciation rates of any community in the nation. Falls Church real estate appreciated 21.89% over the last ten years, which is an average annual home appreciation rate of 2.00%, putting Falls Church in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Falls Church definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Falls Church appreciation rates have trailed the rest of the nation. In the last twelve months, Falls Church's appreciation rate has been 3.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Falls Church were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Falls Church's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Falls Church differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Falls Church - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Falls Church real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$755,545

Falls Church, VA HOME PRICES

Value Range
> $1,130,000 14.5
$847,001 - $1,130,000 30.8
$565,001 - $847,000 34.9
$452,001 - $565,000 8.4
$339,001 - $452,000 6.1
$226,001 - $339,000 1.9
$113,001 - $226,000 2.5
$56,001 - $113,000 0.4
$0 - $56,000 0.5

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
2.23250908238603 1.10803324099723

Number Of Homes And Apartments:
5,166

Falls Church Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
131.38% 4.98% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,960 / per month

Homeownership Rate

Homeownership
Owners 58.46
Renters 41.54
Vacant 7.77

Housing Market Details

 

Age of Homes

AGE OF Falls Church HOMES
2000 or Newer 14.7
1970 - 1999 25.9
1940 - 1969 52.5
1939 or Older 6.9

Types of Homes

TYPE OF Falls Church HOMES
Single-Family 40.1
Townhomes 13.1
Small Apt. Buildings 2.1
Apt. Complexes 44.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Falls Church HOMES
No Bedroom 6.96
1 Bedroom 21.09
2 Bedrooms 20.09
3 Bedrooms 22.07
4 Bedrooms 20.23
5 or more bedrooms 9.57