West Falls Church, VA is an affluent area with a median housing value of $655,100, which is significantly higher than the US house median value of $338,100. However, the appreciation rate for housing in West Falls Church is only 3.59% compared to 8.27% across all of the US. This indicates that the housing market in West Falls Church is not as dynamic as elsewhere in the country and suggests that it may not be an ideal location for investors looking to buy and flip properties quickly.
The median home cost in West Falls Church is $655,100. Home appreciation the last 10 years has been 55.5%. Home Appreciation in West Falls Church is up 8.6%.
Average Age of Homes
- The median age of West Falls Church real estate is 57 years old
The Rental Market in West Falls Church
- Renters make up 32.5% of the West Falls Church population
- 1.0% of houses and apartments in West Falls Church, 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.