Home Values

Great Falls Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,085,800

  • -1.6% 1-year change
  • -1.4% 1-year forecast

The median home value in Great Falls is $1,085,800. Great Falls home values have declined -1.6% over the past year and Zillow predicts they will fall -1.4% within the next year. The median list price per square foot in Great Falls is None. The median rent price in Great Falls is $3,500, which is higher than the Washington Metro median of $1,925.

Foreclosures will be a factor impacting home values in the next several years. In Great Falls 1.9 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 3.3 and also lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Great Falls is 1.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Great Falls homeowners underwater on their mortgage is 4.2%, which is lower than Washington Metro at 17.2%.

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Relative ZHVI
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Great Falls Market Overview

Data through May 31, 2015
  • $1,085,800 ZHVI
  • -1.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $1,051,250 Median sale price
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Great Falls Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 4.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

1.9 homes Great Falls
3.3 homes Washington Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Travilah $1,190,700
Mc Lean $876,500
Potomac $827,900
Name Median ZHVI
Oakton $731,100
Vienna $707,500
North Potomac $617,400
Name Median ZHVI
Herndon $490,100
Reston $443,500
Sterling $363,600

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $347 Median sale price / sq ft
  • No data Listings with price cut
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Great Falls Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $3,636 Great Falls
    $2,107 Washington Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 8.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $3,500 Rent list price
  • $1.39 Rent list price / sq ft
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