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.
During Nov 2022, the average price for an apartment in/near Falmouth, VA increased by 14.4% to $459,994.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $249,900. A 3-bed apartment goes for $339,191, it increased by 2.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 34.2% and made it up to $623,669.
Price reports demonstrate that house price increased by 15.9% this month making it up to $486,627. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $252,500. The price statistics of lofts have not significantly changed, it now still goes for $525,000. The property value of townhouses increased by 13.3%, you’ll have to spend around $345,660 to get one.