The story of this market
The typical home in ZIP 22066 sells for about $2,374,950, or $556 per square foot.
Prices are up +30.9% from a year ago, so sellers still have some momentum. Homes take about 12 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,501 a month.
ZIP 22066 — Great Falls (CDP)
The 22066 housing market remains highly competitive, characterized by a premium price point and low inventory levels. Strong demand from affluent buyers and limited supply continue to drive significant year-over-year price appreciation. The market is currently favoring sellers, with homes spending very little time on the market.
This ZIP is ideal for affluent families and executives seeking large-lot luxury estates, privacy, and proximity to Northern Virginia's major employment corridors.
Median prices moved up 30.9% year over year.
Homes spend a median of 12 days on market with 3.4 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 2.0% — 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 8.6%/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 6.9%/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 22066, Fairfax County VA
Great Falls is generally considered a very safe, low-crime community, with crime rates significantly lower than the regional average for Northern Virginia.
The area is served by highly-rated public schools within the Fairfax County Public Schools system, consistently recognized for academic excellence.
The area faces standard regional risks including potential for localized flooding near the Potomac River and occasional severe storm damage, with insurance premiums reflecting these factors.
Economic momentum is driven by its proximity to the Tysons Corner business district and the Dulles technology corridor, maintaining high demand for luxury residential development.
Property taxes are assessed by Fairfax County based on fair market value; the area is subject to standard county-wide tax rates without specific MUD/PID surcharges common in other states.
Residents primarily commute by car to employment hubs in Tysons Corner, Reston, and Washington D.C., with limited direct public transit access.
The area is defined by extensive outdoor amenities, most notably Great Falls Park, offering hiking, river views, and trails, alongside local equestrian facilities and golf clubs.
The rental market is characterized by high-end single-family homes with limited inventory and high monthly costs, catering to corporate relocations and affluent professionals.
The economy is anchored by the broader Northern Virginia tech and government contracting sectors, with major employers located in nearby Tysons and Reston.
Transportation is heavily reliant on private vehicle use via major corridors like Georgetown Pike and Route 7, with limited public transit infrastructure.
Development is strictly managed by Fairfax County zoning to preserve the rural-residential character of the area.
Fairfax County Department of Tax Administration performs annual assessments based on market sales data.
Parcels are subject to Fairfax County general tax levies and school district funding; no special MUD/PID districts are present.
Property insurance costs are influenced by regional storm risks and the high replacement value of luxury residential structures.
Data retrieved from data.census.gov ZCTA 22066 profile.
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 dramatic waterfalls, hiking trails, and historic canal ruins.
Private club offering championship golf and social amenities.
Local hub for boutique shopping and community dining.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).