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VA area data

Falls Mills, VA

Falls Mills, VA.

Population: 276 (Census ACS)

Home values & appreciation

Median home value
$116,138
1-year appreciation
+5.3%
3-year appreciation
+8.3%
5-year appreciation
+23.5%
10-year appreciation
+58.0%
All-time peak (2025-02)
$116,157
House Price Index
423.6 (+3.3% YoY)

Market activity

Median sale price
$270,000
Median list price
$249,000
Median days on market
34 days
Sale-to-list ratio
103.9%
Active listings
2
1-year forecast
+1.9%

Affordability

Cost of living index (Above Average)
103.5 (100 = US avg)
Electricity rate (state-level)
15.3¢/kWh
Natural gas rate (state-level)
$16.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
coldWave, inlandFlooding, landslide, strongWind

Climate (30-year normals)

Average annual temperature
54.0°F
Average high
66.0°F
Average low
42.0°F
Annual precipitation
49.9 in

Amenities

National parks within ~60 mi
2
Nearest national park
Bluestone National Scenic River (44 mi)
Nearest airport
Burkes Garden Airport (11 mi)
Nearest major airport
Mercer County Airport (BLF) (23 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (4.1 kWh/m²/day)

Migration

Net migration
+17 tax filers

Housing stock

Median year housing built
1,982
Median annual property tax
$199
Households with broadband internet
50.3%

Employment & development

Total county employment
10,591
Average weekly wage
$873
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
4

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents