Falls Church City's October First-Time Homebuyer Report

Falls Church City has an older population than other areas in Virginia with a median age of 38 years. It also ranks as the 108th-wealthiest with a median income of $117,960 per household. The Falls Church City market is mostly made up of detached houses, which currently account for 54% of the homes for sale in the area. Topping the list of best schools in the county is Thomas Jefferson Elementary School.

Price Range

The highest-priced homes in Virginia are in Falls Church City, with a median home value of $557,800 and list prices averaging $773,863.

Make sure you take a look at these eye-catching homes in Falls Church City that generated the most views from potential buyers:

$655K   $850K   $368K  

Typical Dwelling

A two-bedroom condo valued around $501,765 is considered a typical dwelling in Falls Church City. If a buyer was looking for a similar home, they would need good credit and a $100,353 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,668 and the property tax rate is $9.76 per $1,000 of taxable assessed value.

Get started right now by checking out Falls Church City homes for sale or reviewing Falls Church City real estate trends.

Data reported through 10/13/2016


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