22044, Falls Church, VA

The 22044 zip code of Falls Church, VA is located in the Washington D.C. metropolitan area and has a population of approximately 106,000 people. The median household income in this zip code is $105,000 and the median home value is $527,500.

There has been a significant increase in home equity and home prices in the 22044 zip code over the past several years. In 2013, the median home value was $505,000 and by 2016 it had increased to $527,500. This represents an increase of almost 20% over two years!

One reason for this increase may be that there are relatively few homes for sale in this zip code compared to other areas of the country. Additionally, many homes here are owned by individuals or couples who are able to afford to pay high prices for properties due to their strong equity levels.

Despite these positive trends, there are still some risks associated with buying or owning a home in the 22044 zip code. One potential issue is that interest rates could rise over time which would make it more difficult for homeowners to repay their loans. Additionally, there is always the possibility that a natural disaster could cause significant damage to a homeowner's property which would result in them having to sell at a loss or take on additional debt payments.