Falling Waters, WV
Population 2,384 · West Virginia
About Falling Waters, WV
Falling Waters is a small town located in West Virginia with a population of 2,384 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,632 per year, which is 17% above the national median of $75,149. The median age of 32.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Falling Waters features a median home value of $207,200, which is 15% below the national median of $244,900. This positions Falling Waters in a moderately priced market relative to the rest of the country. Median monthly rent is $1,341, 15% above the national average of $1,163/month. Of the 782 total housing units, 65% are owner-occupied (508 units) and 35% are renter-occupied (274 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Falling Waters shows an unemployment rate of 10.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Falling Waters have an average one-way commute time of 24.8 minutes.
Education & Demographics
24.0% of Falling Waters residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
How Falling Waters Ranks in West Virginia
Cost of Living in Falling Waters, WV
Compared to national averages, Falling Waters has a median household income of $87,632 (17% above the national median of $75,149). Home values average $207,200, which is 15% below the national median. Monthly rent at $1,341 is 15% above the US average of $1,163. Within West Virginia, Falling Waters's income is 62% above the state average of $54,014, and home values are 61% above the state median of $128,301.
Why Live in Falling Waters, WV?
Falling Waters offers a strong local economy with a median household income of $87,632, well above the national average, and affordable housing with a median home value of $207,200, below the US average of $244,900, and a low poverty rate of 3.0%, better than the national average. Additionally, the city features short commute times averaging just 24.8 minutes.
Falling Waters has a population of 2,384 with a median age of 32.2 years. Compare Falling Waters with other cities to see how it stacks up, or explore all cities in West Virginia.
Similar Cities Near Falling Waters
Cities in West Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wellsburg | 2,364 | $40,948 | $97,200 | Compare |
| Hinton | 2,413 | $42,852 | $92,400 | Compare |
| Chester | 2,302 | $63,750 | $110,600 | Compare |
| Bluewell | 2,281 | $35,599 | $137,800 | Compare |
| Mineralwells | 2,489 | $68,940 | $156,400 | Compare |
| Stonewood | 2,273 | $44,967 | $149,400 | Compare |
| Mullens | 2,267 | $65,625 | $77,900 | Compare |
| Paden City | 2,529 | $53,871 | $102,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in West Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Falling Waters With Other Cities
Frequently Asked Questions about Falling Waters
What is the population of Falling Waters, WV?
The population of Falling Waters, WV is 2,384 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in West Virginia.
What is the median household income in Falling Waters?
The median household income in Falling Waters, WV is $87,632 per year, which is 17% above the national median of $75,149.
What is the median home value in Falling Waters?
The median home value in Falling Waters, WV is $207,200, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Falling Waters?
The median monthly rent in Falling Waters, WV is $1,341, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Falling Waters?
The unemployment rate in Falling Waters, WV is 10.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Falling Waters, WV a good place to live?
Falling Waters offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 2,384 and a median age of 32.2, the city appeals to young professionals and families.
How educated is Falling Waters, WV?
24.0% of residents in Falling Waters aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Falling Waters?
Key cost-of-living indicators for Falling Waters, WV: median home value is $207,200 (15% below national), median rent is $1,341/month, and median household income is $87,632. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Falling Waters?
The poverty rate in Falling Waters, WV is 3.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Falling Waters, WV?
Falling Waters's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.0% two or more races. 0.8% of residents are foreign-born.