The housing market in Great Falls, VA is strong with the median value of homes being $1,404,000. This is significantly higher than the US House Median Value of $338,100 seen across the country. While the US has seen a 1 year house appreciation of 8.27%, Great Falls has had a more modest increase of 3.60%. Despite this slower growth rate, those who invest in the housing market can still benefit from strong values and an overall positive outlook for property in Great Falls, VA.
The median home cost in Great Falls is $1,404,000. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Great Falls is up 8.6%.
Average Age of Homes
- The median age of Great Falls real estate is 33 years old
The Rental Market in Great Falls
- Renters make up 6.0% of the Great Falls population
- 0.1% of houses and apartments in Great Falls, 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.