Falmouth, VA
Population 5,036 · Virginia
About Falmouth, VA
Falmouth is a small community in Virginia with a population of 5,036 residents. The median household income is $125,305 per year, which is above the national average. The median age in Falmouth is 38.7 years.
Housing in Falmouth has a median home value of $422,500 and median monthly rent of $1,972. Of the 2,107 total housing units, the majority are owner-occupied, with 1,634 owner-occupied and 354 renter-occupied units.
The unemployment rate in Falmouth is 3.4% and the poverty rate is 10.9%. 44.3% of residents hold a bachelor's degree or higher. The average commute time is 32.8 minutes.
Cost of Living in Falmouth, VA
Compared to national averages, Falmouth has a median household income of $125,305 (67% above the national median of $75,149). Home values average $422,500, which is 73% above the national median. Monthly rent at $1,972 is 70% above the US average of $1,163. Within Virginia, Falmouth's income is 42% above the state average of $87,957, and home values are 29% above the state median of $327,514.
Why Live in Falmouth, VA?
Falmouth offers a strong local economy with a median household income of $125,305, well above the national average, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 44.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 10.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $422,500. However, Falmouth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Falmouth has a population of 5,036 with a median age of 38.7 years. Compare Falmouth with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Falmouth
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bluefield | 5,016 | $53,500 | $161,100 | Compare |
| Chamberlayne | 5,000 | $102,656 | $302,500 | Compare |
| Orange | 5,000 | $68,833 | $252,800 | Compare |
| Rocky Mount | 4,926 | $61,580 | $181,400 | Compare |
| Richlands | 5,188 | $37,382 | $107,300 | Compare |
| Bealeton | 5,193 | $103,365 | $361,600 | Compare |
| Big Stone Gap | 5,193 | $51,059 | $169,900 | Compare |
| Luray | 4,836 | $55,802 | $243,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Falmouth With Other Cities
Frequently Asked Questions about Falmouth
What is the population of Falmouth, VA?
The population of Falmouth, VA is 5,036 according to the latest Census data.
What is the median household income in Falmouth?
The median household income in Falmouth, VA is $125,305 per year.
What is the median home value in Falmouth?
The median home value in Falmouth, VA is $422,500.
What is the average rent in Falmouth?
The median monthly rent in Falmouth, VA is $1,972.
What is the unemployment rate in Falmouth?
The unemployment rate in Falmouth, VA is 3.4%.