Falls Village, CT population, income and ZIP codes

Falls Village CDP is a very small community in Connecticut, with 452 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #187 of 215 ranked by population — larger than 13% of them. The median age here is 43.5 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Falls Village CDP earn a median of $54,792 a year, 30.2% below the national figure of $78,538 and 43% below the $96,484 median for the 159 Connecticut cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 34.7% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Falls Village CDP is valued at $431,300, 42.2% above the national figure and 25% above the $344,200 peer median, while median gross rent runs $2,096 a month, 49.1% above the national figure, or roughly $25,152 across a full year. A household on the local median income would put about 45.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is severely stretched — a median-income renter clears the cost-burden line by a wide margin before utilities beyond the gross-rent definition. The home-price-to-income ratio works out to 7.9×, against roughly 3.9× nationally, so buying is out of reach on local earnings alone and the ownership market leans on outside income, equity or dual high earners. 89.1% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Home values sit at 7.9× median household income, far past the 3.9× national mark, so ownership costs here are set by something other than local wages — second homes, retirees with equity, or commuters earning elsewhere. With 452 residents, a handful of survey responses moves every median on this page. Compare Falls Village CDP against its county rather than against national figures.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.