Market Overview
Home Prices in Great Falls, VA
The median home value in Great Falls, VA is $1,730,377 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Great Falls are priced322% above average. Great Falls is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Great Falls home values have risen by approximately26.3%, reflecting strong long-term appreciation in this market.
Price History
Great Falls Home Price Trend
City Comparison
Great Falls vs. National Median
At $1,730,377, homes in Great Falls cost 322% above the national median of $410,000. Buyers in Great Falls should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Great Falls?
20% Down Payment
$346,075
on $1,730,377
Monthly P&I
$9,025/mo
30-yr @ 6.8%
Total Monthly Est.
~$11,462/mo
incl. taxes & insurance
Income Needed
$458,480
gross annual (30% rule)
10% Down Option
$173,038
+ PMI applies
Loan Amount (20% dn)
$1,384,302
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Great Falls, VA?
The median home value in Great Falls is $1,730,377 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Great Falls?
Over the past year, home values in Great Falls have decreased by 0.3%. Over five years, prices have risen approximately 26.3%.
How much do I need to earn to buy a home in Great Falls?
To comfortably afford the median home price of $1,730,377 with a 20% down payment ($346,075) at today's rates (6.8%), you'd need a gross annual income of approximately $458,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Great Falls compare to the national average home price?
The national median home value is approximately $410,000. At $1,730,377, homes in Great Falls are 322% above the national average.
What metro area is Great Falls part of?
Great Falls is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.