The housing market in Falls Church, VA (22046) is quite expensive with a median value of $881,000. While this is significantly higher than the national average of $338,100, the appreciation rate of 3.59% in the past year is lower than the United States overall appreciation rate of 8.27%. Despite this slower growth rate, real estate values in Falls Church remain high due to its close proximity to Washington D.C and desirable school system.
The median home cost in Falls Church (zip 22046) is $881,000. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Falls Church (zip 22046) is up 8.6%.
Average Age of Homes
- The median age of Falls Church (zip 22046) real estate is 54 years old
The Rental Market in Falls Church (zip 22046)
- Renters make up 27.8% of the Falls Church (zip 22046) population
- 2.5% of houses and apartments in Falls Church (zip 22046), 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.