Falls Church, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Falls Church, Virginia rental market.
Highlights
An apartment for rent in Falls Church, Virginia typically goes for $2,239 per month, while a single-family home for rent in Falls Church, Virginia has a monthly cost of around $4,091. Renter-occupied units make up 44% of the local housing market, while the rental vacancy rate in Falls Church, Virginia is at 7.1.
Falls Church, Virginia
Average Apartment Rent
$2,239
Y-o-Y Change in Average
Apartment Rent
5.1%
Average Single-Family Rent
$4,091
As of November 2024
Compared to a year ago, Falls Church, Virginia apartments have recorded a 5.1% rent increase.
Falls Church, Virginia Average apartment rent trend
Falls Church, Virginia Average Apartment Rent
Falls Church, Virginia Apartment rent ranges
At 63.25%, apartments priced Over $2,000 represent the bulk of Falls Church, Virginia rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.92%.
Falls Church, Virginia Housing tenure**
Renters take up 44% of Falls Church, Virginia real estate, occupying a total of 2,549 units, while homeowners live in 3,191 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$115,754
Average household size of renter-occupied housing units**
2.16
Rental vacancy rate**
7.1%
Falls Church, Virginia Renter-occupied housing units by no. of bedrooms**
There are 1,106 rentals in Falls Church, Virginia with 1 bed making up the highest share of the market, at 43%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 48 units. Overall, the median number of rooms in Falls Church, Virginia homes for rent is 3.3.
Falls Church, Virginia Renter-occupied units by age of householder**
Most condos for rent in Falls Church, Virginia are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Falls Church, Virginia Renter-occupied housing units by family type**
Falls Church, Virginia Renter-occupied housing units by the presence of own children**
A total of 1,031 apartments for rent in Falls Church, Virginia, or 40% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 619 units. All in all, the median size of a renter-occupied household in Falls Church, Virginia is 2.16.
Falls Church, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 76% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Falls Church, Virginia.
Falls Church, Virginia Renter-occupied units by year structure built**
The highest share of Falls Church, Virginia apartment rentals, namely 20% or 515 units, were Built 2010 - 2019, followed by those Built 1960 - 1969 (20%, 514 units), and the ones Built 1970 - 1979 (18%, 456 units).
Falls Church, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Falls Church, Virginia renters (39%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Falls Church, Virginia condos for rent is 2018.
Falls Church, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Falls Church, Virginia renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 7% have No vehicle available.
Falls Church, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Falls Church, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
Falls Church, Virginia Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Falls Church, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
