Great Falls, VA Profile: Facts & Data

The primary coordinate point for Great Falls is located at latitude 38.9982 and longitude -77.2883 in Fairfax County. The formal boundaries for the Great Falls Census Designated Place encompass a land area of 25.36 sq. miles and a water area of 0.24 sq. miles. Fairfax County is in the Eastern time zone (GMT -5). The elevation is 344 feet.

The Great Falls Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Great Falls, VA Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	15,858 (100%)
Population in Households	15,782 (99.5%)
Population in Families	14,824 (93.5%)
Population in Group Quarters¹	76 ( 0.5%)
Population Density	625
Diversity Index²	55


INCOME
Median Household Income	$200,001
Average Household Income	$340,656
% of Income for Mortgage⁴	31%
Per Capita Income	$108,001
Wealth Index⁵	477

HOUSING
Total HU (Housing Units)	5,229 (100%)
Owner Occupied HU	4,799 (91.8%)
Renter Occupied HU	227 ( 4.3%)
Vacant Housing Units	203 ( 3.9%)
Median Home Value	$1,160,268
Average Home Value	$1,270,806
Housing Affordability Index³	80

HOUSEHOLDS
Total Households	5,026
Average Household Size	3.14
Family Households	4,474
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Great Falls, VA - Peer Comparisons by Rank and Percentile

The table below compares Great Falls to the other 672 incorporated cities, towns and CDPs in Virginia by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.27%	-0.39%
Households	-0.33%	-0.44%
Families		-0.45%
Median Household Income		0.00%
Per Capita Income		0.16%
Owner Occupied HU		-0.38%

Variable Description	Rank	Percentile
Total Population	# 87	87th
Population Density	# 345	49th
Median Household Income	# 10	98th
Housing Affordability Index	# 88	13th
Per Capita Income	# 5	99th
Diversity Index	# 266	60th

Great Falls, VA Profile: Facts & Data

Great Falls, Virginia - Basic Facts

Great Falls, VA Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Great Falls, VA - Peer Comparisons by Rank and Percentile

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