Great Falls, VA
Population 14,854 · Virginia
About Great Falls, VA
Great Falls is a mid-sized city located in Virginia with a population of 14,854 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 46.8 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 Great Falls features a median home value of $1,342,400, which is 448% above the national median of $244,900. This places Great Falls in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,463, 198% above the national average of $1,163/month. Of the 5,136 total housing units, 95% are owner-occupied (4,742 units) and 5% are renter-occupied (228 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Great Falls shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Great Falls have an average one-way commute time of 33 minutes.
Education & Demographics
85.7% of Great Falls 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 1.8% White, 1.5% Hispanic or Latino, 0.3% Black or African American, and 1.6% Asian residents, with 22.8% of the population being foreign-born.
How Great Falls Ranks in Virginia
Cost of Living in Great Falls, VA
Compared to national averages, Great Falls has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,342,400, which is 448% above the national median. Monthly rent at $3,463 is 198% above the US average of $1,163. Within Virginia, Great Falls's income is 184% above the state average of $87,957, and home values are 310% above the state median of $327,514.
Why Live in Great Falls, VA?
Great Falls offers a strong local economy with a median household income of $250,001, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 85.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $1,342,400. However, Great Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Great Falls has a population of 14,854 with a median age of 46.8 years. Compare Great Falls with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Great Falls
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Broadlands | 14,673 | $235,491 | $859,400 | Compare |
| Highland Springs | 15,091 | $56,931 | $206,300 | Compare |
| Falls Church | 14,593 | $154,734 | $1,005,400 | Compare |
| Front Royal | 15,152 | $64,025 | $284,900 | Compare |
| Williamsburg | 15,564 | $70,206 | $393,200 | Compare |
| Brandermill | 13,938 | $107,748 | $349,300 | Compare |
| Newington | 13,824 | $146,681 | $560,900 | Compare |
| Wolf Trap | 16,020 | $250,001 | $1,153,200 | 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 Great Falls With Other Cities
Frequently Asked Questions about Great Falls
What is the population of Great Falls, VA?
The population of Great Falls, VA is 14,854 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Virginia.
What is the median household income in Great Falls?
The median household income in Great Falls, VA is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Great Falls?
The median home value in Great Falls, VA is $1,342,400, which is 448% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Great Falls?
The median monthly rent in Great Falls, VA is $3,463, which is 198% above the national average of $1,163/month.
What is the unemployment rate in Great Falls?
The unemployment rate in Great Falls, VA is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Great Falls, VA a good place to live?
Great Falls offers above-average incomes, a competitive housing market, and a strong job market. With a population of 14,854 and a median age of 46.8, the city appeals to established professionals and retirees.
How educated is Great Falls, VA?
85.7% of residents in Great Falls 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 Great Falls?
Key cost-of-living indicators for Great Falls, VA: median home value is $1,342,400 (448% above national), median rent is $3,463/month, and median household income is $250,001. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Great Falls?
The poverty rate in Great Falls, VA is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Great Falls, VA?
Great Falls's population is 1.8% White, 1.5% Hispanic or Latino, 0.3% Black or African American, 1.6% Asian, and 0.9% two or more races. 22.8% of residents are foreign-born.