Great Falls, VA Real Estate
According to census data in the year 2000 there were 2,827 housing units in Great Falls.
This represents a 22.5% growth from 2,308 in 1990.
Of those housing units, 1,830 were located in either urbanized areas or urban clusters, and 997 were located in what is classified as a rural area.
Homeownership rate in Great Falls is about 95.4%.
Great Falls's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 3.09 people.
The majority of houses, apartments or condos in Great Falls were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0.60% |
| Two Bedrooms | 3.10% |
| Three Bedrooms | 14.60% |
| Four Bedrooms | 51.60% |
| Five Bedrooms or more | 30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.1 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $596,100 |
| Median Price asked for vacant units | $875,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1975 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 11.90% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 59.40% |
| Debt Free | 17.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
