Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$1,160,523+5.5% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$251,577About 1.6× the local median income ($161,600): hard to afford
Days on market62 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.6%Zillow expects prices to rise slightly
The typical home in Falls Church City, VA is worth $1,160,523, up 5.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $1,059,475, so the area is 9.5% overvalued. It is a balanced market, leaning toward sellers: homes take about 62 days to sell, listings are down 31% from a year ago, 0% of listings have had a price cut. Zillow expects prices to rise about 0.6% over the next year. A household needs about $251,577 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $161,600. Typical rent is $2,631 a month, or $3,510 for a house. In the latest IRS figures, 53 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$1,160,523
Change in 1 year
+5.5%
Overvalued %
+9.5%
Show 7 more
Fair home value
$1,059,475
Change in 5 years
+26.0%
Zillow forecast, next 12 months
+0.6%
Home value to income
7.2×
Monthly mortgage payment (20% down)
$6,289
Income needed to afford it
$251,577
Property tax rate
0.95%
Rent and investing
Typical rent
$2,631
Typical rent for houses
$3,510
Price-to-rent ratio
36.8×
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HUD Fair Market Rent, 2 bedrooms
$2,438
Gross rental yield
2.72%
Cap rate (estimate)
1.77%
Market activity
Listings vs a year ago
−30.8%
Days on market
62
Listings with a price cut
0.0%
Show 3 more
Homes for sale
27
Pending sales per 100 listings
4
Asking price per sq ft
$667
People and jobs
Median household income
$161,600
Population change (1 year)
+0.8%
Unemployment rate
5.0%
Show 4 more
Population
15,159
Income adjusted for cost of living
$148,393
Net moves in (IRS)
+53
Cost of living (US = 100)
108.9
Schools, risk and environment
School rating (1 to 10)
9.0
FEMA hazard risk score (0 to 100)
1.6
Flood risk score
5.4
Show 3 more
Wildfire risk score
0.1
Walkability (1 to 20)
16.0
Road, rail and air noise
52 dB
Questions people ask
Is Falls Church City, VA overvalued?
Home prices in Falls Church City, VA are slightly above what local incomes have historically supported: fair value is about $1,059,475, so the area is 9.5% overvalued.
Is Falls Church City, VA a buyer's or seller's market?
Falls Church City, VA is a balanced market, leaning toward sellers: homes take about 62 days to sell, listings are down 31% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Falls Church City, VA?
Home values in Falls Church City, VA are up 5.5% over the last year. Zillow's forecast for the next 12 months is +0.6%.
How much do you need to earn to buy a home in Falls Church City, VA?
A household needs about $251,577 a year to afford the typical home in Falls Church City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $161,600.