Falmouth, VA housing market
Homes typically sell in 10 days, close to asking.
Home values, sales, trends and how Falmouth compares with the towns next door — updated as new data is published.
Falmouth at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 51% in 5 years
The federal house price index for the ZIP code around Falmouth rose 51% over the past 5 years, about the same as across Virginia. Last year prices rose 3.2%. Carrying the Census median home value forward with that index puts the typical Falmouth home at roughly $520,000 today.
Show as a table
| Year | Change that year | Since 2000 | Virginia since 2000 |
|---|---|---|---|
| 2025 | +3.2% | +211% | +189% |
| 2024 | +6.6% | +201% | +178% |
| 2023 | +7.9% | +182% | +161% |
| 2022 | +12% | +162% | +142% |
| 2021 | +13% | +133% | +113% |
| 2020 | +3.2% | +106% | +94% |
| 2019 | +5.7% | +99% | +88% |
| 2018 | +2.9% | +88% | +81% |
| 2017 | +2.3% | +83% | +74% |
| 2016 | +3.6% | +79% | +69% |
| 2015 | +2.6% | +73% | +65% |
| 2014 | +6.9% | +68% | +61% |
| 2013 | +4.2% | +58% | +57% |
| 2012 | +0.9% | +51% | +55% |
| 2011 | −1.2% | +50% | +57% |
| 2010 | −4.6% | +52% | +61% |
| 2009 | −19% | +59% | +69% |
| 2008 | −12% | +97% | +81% |
| 2007 | −4.8% | +123% | +89% |
| 2006 | +10% | +134% | +86% |
| 2005 | +26% | +112% | +69% |
| 2004 | +24% | +68% | +41% |
| 2003 | +9.6% | +36% | +23% |
| 2002 | +11% | +24% | +17% |
| 2001 | +12% | +12% | +8.2% |
| 2000 | — | — | — |
How Falmouth ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 22405, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Falmouth and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Falmouth | — | +3.2%† | $2,010 | — | $111,977 |
| Fredericksburg | $480K | +1% | $1,750 | 25 | $86,071 |
† FHFA price index change, where Zillow has no home value for the town.
3.9 years of income
The typical Falmouth home costs about 3.9 years of the town's median household income, less than across Virginia (4.5 years).
How Falmouth ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,010
HUD's Fair Market Rent for a two-bedroom in Falmouth is $2,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Falmouth pay a median of $1,873. A two-bedroom takes about 22% of the town's median household income.
Studio $1,750 · 4 bedrooms $2,980
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (22405; Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.