Market Overview
Home Prices in Falling Waters, WV
The median home value in Falling Waters, WV is $322,885 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Falling Waters are priced21% below average. Falling Waters is part of the Hagerstown-Martinsburg, MD-WV metro area.
Over the past five years, Falling Waters home values have risen by approximately27.6%, reflecting strong long-term appreciation in this market.
Price History
Falling Waters Home Price Trend
City Comparison
Falling Waters vs. National Median
At $322,885, homes in Falling Waters cost 21% below the national median of $410,000. This makes Falling Waters a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Falling Waters?
20% Down Payment
$64,577
on $322,885
Monthly P&I
$1,684/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,139/mo
incl. taxes & insurance
Income Needed
$85,560
gross annual (30% rule)
10% Down Option
$32,289
+ PMI applies
Loan Amount (20% dn)
$258,308
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 Falling Waters, WV?
The median home value in Falling Waters is $322,885 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Falling Waters?
Over the past year, home values in Falling Waters have increased by 3.9%. Over five years, prices have risen approximately 27.6%.
How much do I need to earn to buy a home in Falling Waters?
To comfortably afford the median home price of $322,885 with a 20% down payment ($64,577) at today's rates (6.8%), you'd need a gross annual income of approximately $85,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Falling Waters compare to the national average home price?
The national median home value is approximately $410,000. At $322,885, homes in Falling Waters are 21% below the national average.
What metro area is Falling Waters part of?
Falling Waters is part of the Hagerstown-Martinsburg, MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.