The Falls Church housing market is stabilizing after a rocky period. Even though interest rates are rising and home sales are expected to slow a bit, the appreciation of home prices are stabilizing. All these conditions are excellent news for buyers and sellers alike. If you are interested in buying a home in Virginia, now is a great time to do so.
Quick Falls Church Housing Facts
Percent of Homeowners in Falls Church: 68.1%
Percent of Renters in Falls Church: 31.9%
Median Falls Church Household Income: $46,677
Average Falls Church Credit Score: 691
Best City to Live in Virginia: Vienna, Yorktown, Midlothian, Charlottesville
Median Falls Church Home Value: $125,400
How Much Real Estate Can I Afford To Buy In Falls Church?
You don’t need to be a mortgage broker to be able to figure out what kind of house you can afford to buy in Falls Church because you can do it yourself. All you need is a pen, paper, a few minutes, and a little help from us.
First, scribble out some answers to the following questions:
- What kind of monthly payments am I willing to make?
- What kind of payment plan will work well for me?
- What are property taxes in Falls Church?
- What are current interest rates in Falls Church?
Then you’ll want to check out our online mortgage calculators. We have tons to choose from, and many people have found them to be very helpful. Once you have completed all these tasks, we’re convinced you’ll understand your place in the Falls Church housing market much better.
Refinancing in Falls Church
A refinance is a new mortgage that repays and replaces the mortgage you have. The beauty of a refinance is that you get to take on a new and lower interest rate. This means that you will spend more of your payments on your principal and less on interest.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.