Virginia · Census place 27264
Falmouth CDP, VA
Quick answer
Falmouth CDP has 5,036 residents, ranking #199 of 688 places in Virginia. Median household income is $125,305, the median home is worth $422,500 and median gross rent runs $1,972 a month.
- Population
- 5,036Falmouth CDP residents
- Median household income
- $125,305Past 12 months, inflation adjusted
- Median home value
- $422,500Owner-occupied units
- Median gross rent
- $1,972Rent plus utilities, monthly
- Median age
- 38.7 yrsAll residents
- Homeownership rate
- 82.2%Owner-occupied households
What the numbers mean in Falmouth CDP
Housing cost measured against local earnings.
A household earning the Falmouth CDP median would spend about 18.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 10.9% of residents and 82.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Virginia.
- Bealeton CDP 5,193
- Big Stone Gap town 5,193
- Richlands town 5,188
- Bluefield town 5,016
- Chamberlayne CDP 5,000
- Orange town 5,000
- Rocky Mount town 4,926
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