Falls Church City, VA real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$1,055,600Median home value · Census

Property tax rate

0.95%Above state avg 0.73%Median bill $10,001/yr · Census

Median rent

$2,1902-bed $2,498Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Falls Church City, VA real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Falls Church City pay a median of $10,001 a year in property taxes on a median home value of $1,055,600, an effective rate of about 0.95%. The Virginia average is 0.73%, which makes Falls Church City the #125 lowest-tax of 133 counties in the state with published tax data.

Renters pay a median of $2,190 a month, and $2,498 for a two-bedroom. At today's prices a typical home costs about 40 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $1,056,000 home here comes to about $7,028 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $301,000 a year (the median household here earns $143,262).

Monthly payment on a typical home

$7,028/mo
  • Principal & interest$5,755
  • Property tax$833
  • Insurance (est.)$440

$1,056,000 home · 20% down · 7.24% 30-year fixed

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Rents in Falls Church City by bedrooms

Studio$1,6376% above state
1 bedroom$2,06639% above state
2 bedrooms$2,49869% above state
3 bedrooms$3,411103% above state
4 bedrooms$3,50163% above state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Falls Church City's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.