Living in Falling Water, Tennessee
Cost of living, income, home prices, rent and demographics of Falling Water · Census data 2020–2024
Falling Water has 2,315 residents with a median age of 46.3. The median household income is $111,842 (61% higher than the Tennessee median), the median home value is $420,600.
Falling Water at a glance
- Population
- 2,315
- Median age
- 46.3State: 38.9
- Median household income
- $111,842State: $69,595
- Median home value
- $420,600State: $286,700
- Homeowners
- 89.9%
- Bachelor's degree or higher
- 43%
- Average commute
- 26 min
Is Falling Water a good place to live?
Pros: Median household income 61% higher than the Tennessee median; unemployment of 1.5%; a poverty rate of 7.3%.
Cons: Home values 47% higher than the state median; an average commute of 26 minutes.
The weather is best in April–May and September–October.
Cost of living in Falling Water
Housing is the biggest part of the cost of living. In Falling Water the median home value is $420,600, 26% higher than the U.S. median. Renters pay a median of — per month, which is 14.9% of household income. Homeowners with a mortgage pay $2,370 a month in housing costs.
Falling Water median household income
The median household income in Falling Water is $111,842 and the income per person is $53,433. 7.3% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Falling Water: homes for sale and rent
- Housing units
- 892
- Owner-occupied
- 89.9%
- Renter-occupied
- 10.1%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.60
Falling Water demographics
- Population
- 2,315
- Median age
- 46.3
- Under 18
- 19.7%
- 65 and older
- 20.6%
- Households
- 892
- Foreign-born
- 0.9%
- Veterans
- 15.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Falling Water ›
Education in Falling Water
43% of adults 25 and older in Falling Water have a bachelor's degree or higher (Tennessee: 31.1%), and 15.3% have a graduate or professional degree.
Jobs and commute in Falling Water
- Unemployment rate
- 1.5%State: 4.7%
- Average commute
- 26 minState: 26 min
- Work from home
- 21.8%
- Drive alone
- 75.7%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 90%
Falling Water vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Falling Water | 2,315 | $111,842 | $420,600 | — |
| Middle Valley | 12,187 | $95,000 | $319,400 | $1,180 |
| Walden | 1,845 | $124,493 | $679,900 | $1,537 |
| Fairmount | 2,110 | $137,317 | $464,500 | $1,675 |
| Mowbray Mountain | 1,721 | $93,293 | $390,400 | $927 |
| Signal Mountain | 8,860 | $141,008 | $544,300 | $1,852 |
| Lone Oak | 1,422 | $40,781 | $257,500 | $687 |
| Red Bank | 12,010 | $63,983 | $269,400 | $1,283 |
| Lakesite | 2,168 | $96,250 | $332,200 | $863 |
More for people moving to Falling Water
Falling Water ZIP code ›Weather and climate ›Living in Falling Water: FAQ
What is the median household income in Falling Water, TN?
The median household income in Falling Water is $111,842, 61% higher than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Falling Water?
The median home value in Falling Water is $420,600, compared with $286,700 in Tennessee.
Is Falling Water, TN a good place to live?
Pluses: median household income 61% higher than the Tennessee median; unemployment of 1.5%; a poverty rate of 7.3%. Minuses: home values 47% higher than the state median; an average commute of 26 minutes.
What is the median age in Falling Water?
The median age in Falling Water is 46.3 years (Tennessee: 38.9).
How long is the commute in Falling Water?
The average commute to work in Falling Water is 26 minutes; 21.8% of workers work from home.
What is the unemployment rate in Falling Water?
The unemployment rate in Falling Water is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Falling Water?
43% of adults in Falling Water have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: