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Falls Village, CT
Full City Profile · Connecticut · Northwest Hills Planning Region County
2.8
/5.0
C+
Fair
452
Population
283/sq mi density
$54,792
Median Income
$35,918 per capita
$431,300
Home Value
$375,610 Zillow
$2,096
Median Rent
44.6% income on rent
48°F
Avg Temperature
275 sunny days/yr
124
Violent Crime/100K
1,775 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$54,792 median income, 0.0% unemployment
C
Affordability
2.2 / 5.0
$431,300 home value, $2,096/mo rent
F
Safety
1.0 / 5.0
124 violent crimes/100K
A+
Education
5.0 / 5.0
64.5% bachelor's degree or higher
Housing Overview
Median Home Value
$431,300
53% above
US avg: $281,900
Median Rent
$2,096/mo
80% above
US avg: $1,163/mo
Homeownership Rate
89.1%
36% above US avg (65.4%)
Total Housing Units
244
Median year built: 1938
Home Value by Source
Census Median
$431,300
Zillow (ZHVI)
$375,610
Median Sale Price
$600,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.1%
Owner-Occupied
10.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,351/mo
1 Bedroom
$1,590/mo
2 Bedroom
$1,955/mo
3 Bedroom
$2,415/mo
4 Bedroom
$2,824/mo
Census median rent:
$2,096/mo
Market Indicators (Redfin)
Median Days on Market
867 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$244
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
44.6%
of renters spending 30%+ of income on housing
44% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
89.1%
Complete Housing Data
Home Values
| Census Median Value | $431,300 |
| Zillow Home Value (ZHVI) | $375,610 |
| Median Sale Price | $600,000 |
| Price Per Sq Ft | $244 |
Rent
| Census Median Rent | $2,096 |
| FMR Studio | $1,351 |
| FMR 1-Bedroom | $1,590 |
| FMR 2-Bedroom | $1,955 |
| FMR 3-Bedroom | $2,415 |
| FMR 4-Bedroom | $2,824 |
Market
| Days on Market | 867 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 1 |
| Active Inventory | 4 |
| Price Per Sq Ft | $244 |
Ownership & Stock
| Owner-Occupied | 89.1% |
| Renter-Occupied | 10.9% |
| Homeownership Rate | 89.1% |
| Total Housing Units | 244 |
| Median Year Built | 1938 |
| Rent Burden | 44.6% |