The story of this market
The typical home in ZIP 22042 sells for about $666,700, or $385 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,149 a month.
ZIP 22042 — Falls Church
The 22042 housing market remains robust, characterized by steady price appreciation and high demand driven by its proximity to major employment hubs. Inventory remains tight, keeping the market competitive for buyers, while rental demand continues to grow. Figures for specific metrics like months of supply and sale-to-list ratios are based on current market trends in the Fairfax County area.
This ZIP is ideal for professionals and families seeking a balance between suburban living and urban accessibility, offering strong school districts and a short commute to major Northern Virginia employment hubs.
Median prices moved up 2.4% year over year.
Homes spend a median of 22 days on market with 2.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 7.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 22042, Fairfax County VA
Crime rates in the 22042 area are generally lower than the national average, with the region benefiting from the overall safety profile of Fairfax County.
The area is served by highly-rated public schools within the Fairfax County Public Schools system, which is consistently recognized for academic excellence.
The area faces standard regional risks including occasional severe thunderstorms and localized flooding, with property insurance markets remaining stable but sensitive to national reinsurance trends.
The area benefits from proximity to major employment hubs in Tysons Corner and Northern Virginia, with ongoing transit-oriented development and infrastructure upgrades.
Property taxes are assessed by Fairfax County based on fair market value, with rates set annually by the Board of Supervisors; no local income tax is levied.
Residents benefit from excellent access to the I-495 Capital Beltway and Route 50, with proximity to the Dunn Loring-Merrifield Metro station providing efficient transit to Washington D.C.
The area features numerous parks such as Jefferson District Park, which includes a golf course and sports facilities, alongside extensive shopping and dining options at the Mosaic District.
The rental market is highly competitive due to the area's proximity to major employment centers, with steady demand and low vacancy rates.
The economy is anchored by the professional services, technology, and government contracting sectors, with significant employment concentration in nearby Tysons Corner.
The area is well-served by the Washington Metro Orange Line and major highway corridors including I-495 and I-66.
Ongoing redevelopment of older commercial sites into high-density residential and mixed-use projects is a primary focus of local planning.
Parcels are subject to Fairfax County property taxes and various utility service districts.
Property insurance remains available, though premiums are influenced by regional weather patterns and national risk assessments.
Data retrieved from Census Reporter and US Census Bureau ZCTA tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features a golf course, tennis courts, and community center.
A major mixed-use development with retail, dining, and entertainment.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).