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CITY

Falmouth

Virginia · 5,216 residents · 3.119 sq mi
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The short version

Falmouth is significantly wealthier than the US average, with a median household income of $111,977. Population has grown 44% since 2000. 46% of adults hold a bachelor's degree or higher. Median home value has roughly tripled since 2000, reaching $438,200. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 37.5
US median: 38.9
More educated
46% hold a bachelor's degree
US average: 36%
Less affordable
home values up 81%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
5,216
+44%since 2000
from 3,624 in 2000
1990 – 2024
Population density
1,672 / sq mi
+44%since 2000
from 1,162 / sq mi in 2000
US average: 281
Median age
37.5
−2%since 2000
from 38.1 in 2000
US average: 38.9
Population, 1990 – 2024
3K4K4K5K5K1990201020202024Falmouth
20245K
1990201020202024
Section 02

Income & economy

Median household income
$111,977
+7%inflation adjusted, since 2000
from $57,697 in 2000
US average: $82,259
1990 – 2024
Per capita income
$57,755
+126%since 2000
from $25,544 in 2000
US average: $44,673
Households earning $100K+
71.0%
+17.1 ptssince 2009
from 53.9% in 2009
US average: 53.3%
Poverty rate
7.2%
−0.1 ptssince 2000
from 7.3% in 2000
US average: 12.5%
Income inequality (Gini)
0.404
+1%since 2010
from 0.401 in 2010
US average: 0.476
Workforce by industry, 2024
Information9.5%
US avg: 10.8%
Finance & insurance7.9%
US avg: 5.9%
Professional, scientific, technical7.9%
US avg: 5.1%
Wholesale trade4.8%
US avg: 6.9%
Retail trade4.6%
US avg: 9.9%
Arts, entertainment, food4.1%
US avg: 1.9%
Other services1.3%
US avg: 6.7%
Public administration1.3%
US avg: 4.8%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$438,200
+81%inflation adjusted, since 2000
from $132,900 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,873
+28%inflation adjusted, since 2000
from $802 in 2000
US average: $1,442
Owner-occupied
77.3%
+7.3 ptssince 2000
from 70.0% in 2000
22.7% rent
Vacancy rate
1.7%
−5.0 ptssince 2009
from 6.7% in 2009
US average: 10.0%
Owner cost-burdened
18.2%
−6.2 ptssince 2009
from 24.4% in 2009
US average: 22.9%
Renter cost-burdened
56.7%
+34.4 ptssince 2009
from 22.3% in 2009
US average: 47.4%
Afford Score
3.9
+70%since 2000
from 2.3 in 2000
1990 – 2024
Gentrification Score
59
RELATED:See current rent listings in Falmouth on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic88%(3,188)
Black6.3%(228)
Hispanic / Latino2.2%(78)
Asian1%(38)
Other0%
Diversity Score22.6%(818)
2024
White, non-Hispanic44.6%(2,324)
Black27.6%(1,438)
Hispanic / Latino20.1%(1,050)
Asian3%(155)
Other4.8%(249)
Diversity Score85.2%(4,445)
Diversity Score
85
+278%since 2000
from 23 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
45.7%
+16.7 ptssince 2000
from 28.9% in 2000
US average: 35.6%
High school or higher
94.0%
+8.1 ptssince 2000
from 85.9% in 2000
US average: 89.6%
Graduate degree
23.1%
+13.3 ptssince 2000
from 9.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
30.8 min
+6%since 2000
from 29.0 min in 2000
US average: 26.5
Drive alone to work
75.4%
−6.3 ptssince 2009
from 81.7% in 2009
US average: 68.9%
Carpooled to work
2.4%
−7.4 ptssince 2009
from 9.8% in 2009
US average: 8.5%
Public transit
2.1%
−0.8 ptssince 2009
from 2.9% in 2009
US average: 3.2%
Worked from home
13.4%
+10.1 ptssince 2009
from 3.4% in 2009
US average: 15.0%
Walked to work
2.1%
+0.3 ptssince 2009
from 1.7% in 2009
US average: 2.4%
Biked to work
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
7.1%
+7.1 ptssince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.4%
−6.7 ptssince 2011
from 10.1% in 2011
US average: 5.2%
Labor force participation
67.6%
+0.4 ptssince 2011
from 67.1% in 2011
US average: 63.5%
Self-employed
15.0%
−6.3 ptssince 2009
from 21.3% in 2009
US average: 13.1%
Management & professional
52.2%
−13.4 ptssince 2009
from 65.6% in 2009
US average: 42.5%
Section 08

People & community

Male
51.6%
+7.6 ptssince 2009
from 44.0% in 2009
Female
48.4%
−7.6 ptssince 2009
from 56.0% in 2009
Foreign born
14.2%
+7.7 ptssince 2009
from 6.5% in 2009
US average: 14.1%
Veterans
13.3%
−29.6 ptssince 2009
from 42.9% in 2009
US average: 6.2%
With a disability
11.0%
+5.8 ptssince 2012
from 5.2% in 2012
US average: 13.3%
Uninsured
4.6%
−89.9 ptssince 2013
from 94.5% in 2013
US average: 8.4%
Broadband at home
95.5%
+6.4 ptssince 2017
from 89.1% in 2017
US average: 91.0%
English only at home
80.3%
−5.8 ptssince 2016
from 86.2% in 2016
US average: 77.7%
Spanish at home
17.9%
+12.9 ptssince 2016
from 5.0% in 2016
US average: 13.6%
Drill deeper

Places similar to Falmouth

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Clayton
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Head to head

Compare Falmouth to nearby cities

FALMOUTH VS
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Home value$483,700+10%
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FALMOUTH VS
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Home value$505,300+15%
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FALMOUTH VS
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FALMOUTH VS
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Income$155,774+39%
Home value$577,800+32%
Population22,387+329%
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Frequently asked

How many people live in Falmouth, Virginia?

Falmouth, Virginia has about 5,216 residents according to the 2024 American Community Survey.

What is the median household income in Falmouth, Virginia?

The typical household in Falmouth, Virginia earns about $111,977 a year. Half of households make more than that, and half make less.

Is Falmouth, Virginia expensive?

In Falmouth, Virginia, the median home is worth about $438,200, and the typical rent is about $1,873 a month.

How educated are people in Falmouth, Virginia?

About 45.7% of adults age 25 and over in Falmouth, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Falmouth, Virginia?

About 7.2% of people in Falmouth, Virginia live below the federal poverty line.

Has Falmouth, Virginia grown since 1990?

Yes, Falmouth, Virginia has grown since 1990. The population has added about 1,675 residents, a change of about 47 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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