Living in Falmouth, Virginia
Cost of living, income, home prices, rent and demographics of Falmouth · Census data 2020–2024
Falmouth has 5,216 residents with a median age of 37.5. The median household income is $111,977 (20% higher than the Virginia median), the median home value is $438,200, the median rent is $1,873/month.
Falmouth at a glance
- Population
- 5,216
- Median age
- 37.5State: 39
- Median household income
- $111,977State: $93,170
- Median home value
- $438,200State: $383,700
- Median rent
- $1,873/moState: $1,579
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 45.7%
- Average commute
- 31 min
Is Falmouth a good place to live?
Pros: Median household income 20% higher than the Virginia median; unemployment of 3.4%; a poverty rate of 7.2%.
Cons: Home values 14% higher than the state median; an average commute of 31 minutes.
The weather is best in April–May and September–October.
Cost of living in Falmouth
Housing is the biggest part of the cost of living. In Falmouth the median home value is $438,200, 32% higher than the U.S. median. Renters pay a median of $1,873 per month, which is 36.5% of household income. Homeowners with a mortgage pay $2,446 a month in housing costs.
Falmouth median household income
The median household income in Falmouth is $111,977 and the income per person is $57,755. 7.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Falmouth: homes for sale and rent
- Housing units
- 2,047
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 1.7%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.59
Falmouth demographics
- Population
- 5,216
- Median age
- 37.5
- Under 18
- 23.4%
- 65 and older
- 18.1%
- Households
- 2,012
- Foreign-born
- 14.2%
- Veterans
- 13.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Falmouth ›
Education in Falmouth
45.7% of adults 25 and older in Falmouth have a bachelor's degree or higher (Virginia: 42.2%), and 23.1% have a graduate or professional degree.
Jobs and commute in Falmouth
- Unemployment rate
- 3.4%State: 4.3%
- Average commute
- 31 minState: 27 min
- Work from home
- 13.4%
- Drive alone
- 75.4%
- Public transit
- 2.1%
- Walk to work
- 2.1%
- Homes with broadband
- 95.5%
Falmouth vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Falmouth | 5,216 | $111,977 | $438,200 | $1,873 |
| Fredericksburg | 28,873 | $86,071 | $483,700 | $1,619 |
| Passapatanzy | 1,259 | $125,608 | $356,900 | — |
More for people moving to Falmouth
Falmouth ZIP code ›Weather and climate ›Living in Falmouth: FAQ
What is the median household income in Falmouth, VA?
The median household income in Falmouth is $111,977, 20% higher than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Falmouth?
The median home value in Falmouth is $438,200, compared with $383,700 in Virginia.
How much is rent in Falmouth?
The median gross rent in Falmouth is $1,873 per month, about 36.5% of household income.
Is Falmouth, VA a good place to live?
Pluses: median household income 20% higher than the Virginia median; unemployment of 3.4%; a poverty rate of 7.2%. Minuses: home values 14% higher than the state median; an average commute of 31 minutes.
What is the median age in Falmouth?
The median age in Falmouth is 37.5 years (Virginia: 39).
How long is the commute in Falmouth?
The average commute to work in Falmouth is 31 minutes; 13.4% of workers work from home.
What is the unemployment rate in Falmouth?
The unemployment rate in Falmouth is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Falmouth?
45.7% of adults in Falmouth 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.
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