Most Expensive Great Falls Neighborhoods
Great Falls is a medium-sized town located in the state of Virginia. With a population of 16,146 people and three constituent neighborhoods, Great Falls is the 54th largest community in Virginia.
Great Falls home prices are not only among the most expensive in Virginia, but Great Falls real estate also consistently ranks among the most expensive in America.
Great Falls is a decidedly white-collar town, with fully 97.62% of the workforce employed in white-collar jobs, well above the national average. Overall, Great Falls is a town of managers, professionals and sales and office workers. There are especially a lot of people living in Great Falls who work in management occupations (28.87%), business and financial occupations (11.58%) and computer science and math (9.12%).
Also of interest is that Great Falls has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Great Falls is also a town of artists. Great Falls has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Great Falls’s character.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.84% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Great Falls is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Great Falls’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
One downside of living in Great Falls, however, is that residents on average have to contend with a long commute, spending on average 35.73 minutes every day commuting to work.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Great Falls. 81.58% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Great Falls in 2010 was $96,608, which is wealthy relative to Virginia and the nation. This equates to an annual income of $386,432 for a family of four.
Great Falls is a very ethnically-diverse town. The people who call Great Falls home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Great Falls residents report their race to be White, followed by Asian. Important ancestries of people in Great Falls include German, English, Irish, Italian, Iranian and Scottish.
Great Falls also has a high percentage of its population that was born in another country: 24.52%.
The languages spoken by people in Great Falls are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Great Falls is English. Other important languages spoken here include Chinese, Persian, Spanish and Vietnamese.
|GREAT FALLS INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||5,024|
|GREAT FALLS HOME OWNERSHIP|
|% OWNER OCCUPIED||93.79%|
|% RENTER OCCUPIED||6.21%|
|TYPE OF GREAT FALLS HOMES|
|SINGLE FAMILY DETACHED||99.56%|
|ROWHOUSES AND ATTACHED HOMES||0.27%|
|SMALL APARTMENT BUILDINGS||0.00%|
|COMPLEXES OR HIGH RISE APARTMENTS||0.17%|
|SIZE OF GREAT FALLS HOMES|
|5 OR MORE BEDROOMS||48.49%|
|AGE OF GREAT FALLS HOMES|
|NEWER HOMES (2000 OR LATER)||15.99%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||71.71%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||10.49%|
|HISTORIC (1939 OR BEFORE)||1.81%|
|GREAT FALLS REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$1,323,748|
|MEDIAN RENTAL PRICE||$2,109|
|HOME VALUE RANGE|
|$0 - $58,000||0.17%|
|$58,001 - $116,000||0.19%|
|$116,001 - $232,000||1.42%|
|$232,001 - $349,000||1.13%|
|$349,001 - $465,000||0.81%|
|$465,001 - $581,000||1.19%|
|$581,001 - $872,000||11.91%|
|$872,001 - $1,162,000||27.08%|
|PEOPLE OF GREAT FALLS||DETAILS|
|UNDER 5 YEARS||4.63%|
|5 TO 17||23.88%|
|18 TO 24||5.90%|
|25 TO 34||3.62%|
|35 TO 54||31.35%|
|55 TO 64||15.19%|
|65 YEARS AND OVER||15.43%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.84%|
|MEDIAN HOUSEHOLD INCOME||$229,200|
|PER CAPITA INCOME||$96,608|
|INDIVIDUALS BELOW POVERTY LEVEL||1.25%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (33.71%)
Public Service (9.04%)
Real estate (4.46%)
Information Technology (2.93%)
|BLACK OR AFRICAN AMERICAN||1.83%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.19%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.04%|
|SOME OTHER RACE ALONE||0.38%|
|TWO OR MORE RACES||6.65%|
|HISPANIC OR LATINO (OF ANY RACE)||6.61%|
|ETHNICITIES PRESENT||German (13.10%)
Other Arab (2.13%)
|LANGUAGES SPOKEN||English (70.84%)
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