The housing market in Falmouth, VA is highly desirable due to its excellent median value of $409,100. This is significantly higher than the US House Median Value of $338,100 and shows a 1 year House Appreciation of 10.11%, which is over two percent more than the US 1 year House Appreciation of 8.27%. This highlights how attractive Falmouth is as a place to buy property and suggests that the local housing market will continue to remain strong into the future.
The median home cost in Falmouth is $409,100. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Falmouth is up 9.8%.
Average Age of Homes
- The median age of Falmouth real estate is 42 years old
The Rental Market in Falmouth
- Renters make up 33.7% of the Falmouth population
- 2.3% of houses and apartments in Falmouth, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.