According to statistics, the population in Falmouth, VA amounts to 4,880, which shows decline -3% compared to the previous year. The median age of the city’s residents is 34. The average household income is $72,702, shifting decline -1% from the past year, and the average property value in Falmouth, VA growth 3% to $283,300 throughout the year.
|Number Of Employees||1,992|
|Median Property Value||$283,300|
The average household income in Falmouth, VA declined from $73,315 to $72,702 in the past year. This data is an estimate based upon 1,614 households in Falmouth, VA . The chart below presents how household income is distributed in Falmouth, VA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Falmouth, VA shifted from $275,400 to $283,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Falmouth, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Falmouth, VA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Falmouth, VA compared to median property taxes around the country. The prevalent amount of property taxes in Falmouth, VA equals $2500, which is less than the national average.
|Apartment Size||Oct||vs Last Month|
|2 bed for sale||$272,500||N/A|
|3 bed for sale||$413,674||+27.2%|
|4+ bed for sale||$458,217||+6.8%|
During Oct 2021, the average price for an apartment in/near Falmouth, VA increased by 24.2% to $439,525.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $272,500. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $413,674. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $458,217 for a big-family home.
|Listing Type||Oct||vs Last Month|
|Houses for sale||$459,946||+27.9%|
|Townhouses for sale||$335,028||+6.4%|
|Apartments for sale||$49,900||-85.7%|
|Lofts for sale||$560,000||N/A|
While assessing the property pricing Falmouth, VA, you can note that it remains flat with a price tag of $49,900. According to statistics, average house is still $459,946 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $560,000. Value of the townhouses didn’t change, the price still starts at $335,028.
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