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Sarah Mitchell
Compass Real Estate · ZIP 22405
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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22405 ZIP Code Housing Market
$490,000median sale price
What is the 22405 housing market like right now?
The median home sale price in ZIP code 22405 is $490,000, down 6.2% year-over-year. Homes sell in an average of 35 days with 114 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 22405 ZIP code a buyer's or seller's market?
ZIP code 22405 is currently a balanced market and homes selling in about 35 days. How we determine this →
What are the latest 22405 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $500,000 |
| Year-over-year price change | -6.2% |
| Average days on market | 35 days |
| Active inventory | 114 listings |
| Sale-to-list price ratio | 100.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 22405 zip code, located in Falmouth, VA, is currently classified as a balanced market. The median sale price stands at $490,000, representing a -6.2% change year over year. Homes in this area spend an average of 35 days on the market before going under contract. There are currently 114 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 22405 sits in the Falmouth, VA area, roughly 3.5 miles from downtown Falmouth. Because home prices are set street by street, this ZIP can move differently from Falmouth's citywide averages. The figures below reflect 22405 specifically — drawn from Redfin transactions, U.S. Census data for its 36,890 residents, and Zillow value estimates.
Homes sold
126
Last 12 weeks
Days on market
35
Average pace
Active listings
114
Sale-to-list
100.2%
Above asking
What is driving the 22405 housing market?
The 22405 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 22405 have declined -6.2% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 22405 stands at $481,194, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,393 per month. This gives a price-to-rent ratio of approximately 16.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 22405?
Population
36,890
Median income
$128,259/yr
Median age
37.3 years
Owner-occupied
84.1%
College grads
43.6%
Avg commute
41.92 min
What is it like living in 22405?
Zip code 22405 is home to approximately 36,890 residents. The median household income is $128,259 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 84.1% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 43.6% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 41.92 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 22405.
Which public schools serve ZIP 22405?
9 schools tracked · 6,929 students
The largest public schools serving ZIP code 22405 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Stafford Senior High
Grades 9-12 · 2,223 students
Conway Elementary
Grades K-5 · 918 students
Donald B. Dixon-Lyle R. Smith Middle
Grades 6-8 · 877 students
Grafton Village Elementary
Grades K-5 · 743 students
Falmouth Elementary
Grades K-5 · 726 students
Edward E. Drew Jr. Middle
Grades 6-8 · 600 students
Ferry Farm Elementary
Grades PK-5 · 550 students
Rising Star Early Childhood Education Center at Melchers
Grades PK · 292 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 22405
What is the median home price in 22405?
The current median sale price in 22405 is $490,000, based on recent Redfin transaction data. Prices have changed -6.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 22405 a buyer's or seller's market?
The 22405 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 22405?
Zip code 22405 has a population of approximately 36,890 residents. The median household income is $128,259 per year. About 84.1% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 22405?
Properties Incorporated provides comprehensive data for 22405 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 22405 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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