Falling Water, TN
Population 2,090 · Tennessee
About Falling Water, TN
Falling Water is a small town located in Tennessee with a population of 2,090 residents according to the latest US Census Bureau American Community Survey data. The median household income is $113,160 per year, which is 51% above the national median of $75,149. The median age of 43.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Falling Water features a median home value of $398,400, which is 63% above the national median of $244,900. This places Falling Water in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $711, 39% below the national average of $1,163/month. Of the 819 total housing units, 90% are owner-occupied (710 units) and 10% are renter-occupied (80 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Falling Water shows an unemployment rate of 1.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Falling Water have an average one-way commute time of 28.6 minutes.
Education & Demographics
45.3% of Falling Water residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.3% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.9% Asian residents, with 1.2% of the population being foreign-born.
How Falling Water Ranks in Tennessee
Cost of Living in Falling Water, TN
Compared to national averages, Falling Water has a median household income of $113,160 (51% above the national median of $75,149). Home values average $398,400, which is 63% above the national median. Monthly rent at $711 is 39% below the US average of $1,163. Within Tennessee, Falling Water's income is 80% above the state average of $62,849, and home values are 86% above the state median of $214,371.
Why Live in Falling Water, TN?
Falling Water offers a strong local economy with a median household income of $113,160, well above the national average, and rent that’s lower than the national average at $711/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features a well-educated community where 45.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.7%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $398,400. However, Falling Water’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Falling Water has a population of 2,090 with a median age of 43.8 years. Compare Falling Water with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Falling Water
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Greenfield | 2,085 | $41,798 | $88,400 | Compare |
| Dover | 2,080 | $72,616 | $199,300 | Compare |
| Caryville | 2,079 | $61,932 | $193,300 | Compare |
| South Fulton | 2,106 | $51,875 | $87,400 | Compare |
| Lookout Mountain | 2,112 | $195,063 | $761,600 | Compare |
| South Carthage | 2,049 | $47,610 | $195,800 | Compare |
| Lakesite | 2,026 | $92,847 | $299,300 | Compare |
| Jamestown | 2,156 | $24,688 | $96,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Falling Water With Other Cities
Frequently Asked Questions about Falling Water
What is the population of Falling Water, TN?
The population of Falling Water, TN is 2,090 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Falling Water?
The median household income in Falling Water, TN is $113,160 per year, which is 51% above the national median of $75,149.
What is the median home value in Falling Water?
The median home value in Falling Water, TN is $398,400, which is 63% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Falling Water?
The median monthly rent in Falling Water, TN is $711, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Falling Water?
The unemployment rate in Falling Water, TN is 1.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Falling Water, TN a good place to live?
Falling Water offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,090 and a median age of 43.8, the city appeals to a broad range of residents.
How educated is Falling Water, TN?
45.3% of residents in Falling Water aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Falling Water?
Key cost-of-living indicators for Falling Water, TN: median home value is $398,400 (63% above national), median rent is $711/month, and median household income is $113,160. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Falling Water?
The poverty rate in Falling Water, TN is 3.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Falling Water, TN?
Falling Water's population is 1.3% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.9% Asian, and 3.2% two or more races. 1.2% of residents are foreign-born.