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CITY · 2020 ACS

Falmouth

Virginia · 4,956 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 $108,810. Population has grown 37% since 2000. Median home value has more than doubled since 2000, reaching $342,900. Poverty is rare here, at 1.4% of residents. Households here earn about 42% more than the Virginia median.

At a glance
Wealthier
above the US median
US median: $66,278
Younger
median age 37.1
US median: 38.8
More educated
41% hold a bachelor's degree
US average: 33%
Less affordable
home values up 72%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
4,956
+37%since 2000
from 3,624 in 2000
1990 – 2024
Population density
1,589 / sq mi
+37%since 2000
from 1,162 / sq mi in 2000
US average: 280
Median age
37.1
−3%since 2000
from 38.1 in 2000
US average: 38.8
Population, 1990 – 2024
3K4K4K5K5K1990201020202024Falmouth
20245K
1990201020202024
Section 02

Income & economy

Median household income
$108,810
+25%inflation adjusted, since 2000
from $57,697 in 2000
US average: $66,278
1990 – 2024
Per capita income
$41,975
+64%since 2000
from $25,544 in 2000
US average: $35,364
Households earning $100K+
62.8%
+8.9 ptssince 2009
from 53.9% in 2009
US average: 43.9%
Poverty rate
1.4%
−5.9 ptssince 2000
from 7.3% in 2000
US average: 12.8%
Workforce by industry, 2020
Finance & insurance10.7%
US avg: 5.5%
Professional, scientific, technical10.4%
US avg: 4.7%
Information8.5%
US avg: 11.1%
Retail trade4.9%
US avg: 10%
Wholesale trade4.8%
US avg: 6.7%
Other services2.6%
US avg: 6.6%
Arts, entertainment, food0.7%
US avg: 2%
Transportation & warehousing0.6%
US avg: 2.5%
Public administration0.5%
US avg: 4.7%
Education & health services0.4%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$342,900
+72%inflation adjusted, since 2000
from $132,900 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,470
+22%inflation adjusted, since 2000
from $802 in 2000
US average: $1,124
Owner-occupied
73.5%
+3.5 ptssince 2000
from 70.0% in 2000
26.5% rent
Afford Score
3.2
+37%since 2000
from 2.3 in 2000
1990 – 2024
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)
2020
White, non-Hispanic58.9%(2,917)
Black18.3%(906)
Hispanic / Latino12.1%(599)
Asian3.4%(168)
Other2.7%(136)
Diversity Score70.5%(3,495)
Diversity Score
71
+212%since 2000
from 23 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
41.3%
+12.3 ptssince 2000
from 28.9% in 2000
US average: 32.9%
High school or higher
95.0%
+9.1 ptssince 2000
from 85.9% in 2000
US average: 88.5%
Graduate degree
13.8%
+4.0 ptssince 2000
from 9.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
38.2 min
+32%since 2000
from 29.0 min in 2000
US average: 26.9
Drive alone to work
79.3%
−2.4 ptssince 2009
from 81.7% in 2009
US average: 75.1%
No vehicle available
1.1%
+1.1 ptssince 2009
from 0.0% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
4.5%
−5.7 ptssince 2011
from 10.1% in 2011
US average: 5.4%
Labor force participation
57.8%
−9.3 ptssince 2011
from 67.1% in 2011
US average: 63.4%
Management & professional
49.4%
−16.2 ptssince 2009
from 65.6% in 2009
US average: 39.3%
Section 08

People & community

Male
44.5%
+0.5 ptssince 2009
from 44.0% in 2009
Female
55.5%
−0.5 ptssince 2009
from 56.0% in 2009
Foreign born
10.5%
+4.0 ptssince 2009
from 6.5% in 2009
US average: 13.5%
Uninsured
3.1%
−91.4 ptssince 2013
from 94.5% in 2013
US average: 8.8%
Drill deeper

Places similar to Falmouth

Orangetree
Pop 6,084
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Pop 4,311
Belleair
Pop 4,631
Clayton
Pop 4,527
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Head to head

Compare Falmouth to nearby cities

FALMOUTH VS
Fredericksburg
Income$86,071−21%
Home value$483,700+41%
Population30,393+483%
SEE FULL COMPARISON →
FALMOUTH VS
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Income$109,693+1%
Home value$505,300+47%
Population10,450+100%
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FALMOUTH VS
Cherry Hill
Income$122,447+13%
Home value$492,500+44%
Population26,044+399%
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FALMOUTH VS
Montclair
Income$155,774+43%
Home value$577,800+69%
Population22,387+329%
SEE FULL COMPARISON →
Frequently asked

How many people live in Falmouth, Virginia?

Falmouth, Virginia has about 4,956 residents according to the 2020 American Community Survey.

What is the median household income in Falmouth, Virginia?

The typical household in Falmouth, Virginia earns about $108,810 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 $342,900, and the typical rent is about $1,470 a month.

How educated are people in Falmouth, Virginia?

About 41.3% 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 1.4% 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 1,415 residents, a change of about 40 percent over that period.

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

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