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City Report · VA

Great Falls

Pop. 15,228·1st most expensive in Virginia·One of the pricier rental markets in the US
Median rent (all units)
$5,167/mo
Year-over-Year
Stable
Month-over-Month
+3.3%
vs US Median
+$3,202
Rising (Monthly)
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Most AffordableMost Expensive
Great Falls · $5,167
More expensive than 99% of US cities · National median $1,965/mo
Affordability
25% of income
AFFORDABLE
0%30% benchmark60%+

At $5,167/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$207,000/yr
Local median income
$250,001/yr
Based on the 30%-of-income rule using Great Falls's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$3,020
1 BR
$3,080
2 BR
$3,470
3 BR
$4,340
4 BR+
$5,120
Research median
$3,470/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$62,004/yr
At $5,167/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +3.3% MoM), not inventory.
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Demographics

Who lives here

Great Falls, VA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 85.3% of residents hold a bachelor's degree or higher.

Population
15,228
Median income
$250,001
Median age
45.7
Renters
5%
Age distribution
26.3%
27.5%
16.7%
18.1%
Under 1826.3%
18–3411.3%
35–5427.5%
55–6416.7%
65+18.1%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
64.3%
23.8%
White64.3%
Black1.6%
Hispanic3.6%
Asian23.8%
Other6.6%
Education (25+)
85.3%
No HS diploma1%
HS diploma4%
Some college9.7%
Bachelor's+85.3%
Housing tenure
95%
Owner95%
Renter5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Great Falls, VA has changed in 5 years

Income
$250,001 → $250,001
up 0.0%
Population
14,690 → 15,228
up 3.7%
Renter share
5.1% → 5%
-0.1 pts
Bachelor's+
83.1% → 85.3%
+2.2 pts
Median age
49.2 → 45.7
-3.5 yrs

Household income in the area moved from $250,001 to $250,001 across the same window, up 0.0% versus 2021. Headcount in the area went from 14,690 to 15,228 between 2021 and 2024, a 3.7% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 83.1% to 85.3%.

Community

Discussions about Great Falls

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View Great Falls rent history (2015–2026) →
Salary vs rent

Can you afford rent in Great Falls on your salary?

At $5,167/mo, how Great Falls rent compares to typical pay (30% rule).

By apartment size

Great Falls rent by bedroom count

Median rent for each apartment size in Great Falls. Click any size for full breakdown.

Local insights

Tips for renters in Great Falls

About renting in Great Falls, VA

Last updated: July 20, 2026

The median rent in Great Falls is $5,167/mo as of July 2026. A studio apartment averages $3,020/mo while a 2-bedroom runs $3,470/mo. One-bedroom apartments average $3,080/mo and 3-bedroom units go for $4,340/mo.

At 25% of local median household income ($250,001/yr), Great Falls ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Great Falls an affordable city for renters?

Great Falls is considered affordable for renters. At $5,167/mo, rent takes approximately 25% of the local median household income ($250,001/yr). The standard benchmark is 30%. Great Falls falls comfortably within that range.

How much income do you need to rent in Great Falls?

To keep rent at or below 30% of gross income, you would need to earn at least $207,000/year (~$100/hour full-time) to afford the median rent of $5,167/mo in Great Falls. The local median household income is $250,001/yr, meaning the typical Great Falls household meets that threshold.

Is rent going up or down in Great Falls?

Rent in Great Falls has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Great Falls rent compare to other cities in Virginia?

Great Falls is one of the pricier cities in Virginia for rent, ranking #1 out of 83 tracked cities at $5,167/mo.

Which nearby cities are cheaper to rent in than Great Falls?

Several nearby cities have lower median rents than Great Falls ($5,167/mo): Herndon ($2,467/mo), Reston ($2,598/mo), North Potomac ($3,094/mo).

What percentage of Great Falls residents rent vs. own?

According to Census data, approximately 5% of Great Falls households are renters, while 95% are owner-occupied. Great Falls leans toward homeownership, which can mean a smaller rental inventory.

How does Great Falls rent compare to the national average?

Great Falls's median rent of $5,167/mo is $3,202 (163%) above the US national median of $1,965/mo. Within Virginia, it ranks #1 out of 83 tracked cities.
Income Affordability
25%
AFFORDABLE

At $5,167/mo, rent takes ~25% of Great Falls's median household income ($250,001/yr). The standard benchmark is 30%.

Great Falls 25%Benchmark 30%
State income tax2–5.75%
Run the Great Falls affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Great Falls, VA

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