Commercial Real Estate Market in Falmouth, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Falmouth, VA spans 126.0 square miles in Stafford County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Falmouth, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Falmouth, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Falmouth, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Falmouth, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Falmouth, VA has 61,559 residents in 23,083 households. Density runs 488 people per square mile. Median household income here is $126,571 and median gross rent $1,915 a month.
61,559
Population
23,083
Households
2.7
Avg Household Size
39
Median Age
44%
College-Educated
95%
High-School Grad
126 sq mi
ZIP Area
488
Density / Sq Mi
$126,571
Median Household Income
$60,502
Median Earnings
$1,915
Median Rent
$443,993
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fredericksburg | — | — |
| Brooke | — | — |
| Hartwood | — | — |
| Sealston | — | — |
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
