The Falls Village Census Designated Place had a population of 581 as of July 1, 2019. Falls Village ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Connecticut. See peer rankings below.
The primary coordinate point for Falls Village is located at latitude 41.9559 and longitude -73.3632 in Litchfield County. The formal boundaries for the Falls Village Census Designated Place encompass a land area of 1.6 sq. miles and a water area of 0 sq. miles. Litchfield County is in the Eastern time zone (GMT -5). The elevation is 643 feet.
The Falls Village Census Designated Place (GNIS ID: 2631562) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
Alternate Unofficial Names for Falls Village: Canaan Falls, Housatonic Falls, The Falls.
HOUSING AFFORDABILITY INDEX
|Falls Village, CT Housing Affordability Index is 115
State of Connecticut Housing Affordability Index is 111
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Falls Village, CT Wealth Index is 146
State of Connecticut Wealth Index is 142
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Connecticut address.
|Population in Households||581|
|Population in Familes||408|
|Population in Group Qrtrs||0|
|Median Household Income||$77,033|
|Average Household Income||$100,514|
|Per Capita Income||$47,662|
|Total Housing Units||370 (100%)|
|Owner Occupied HU||190 (51.4%)|
|Renter Occupied HU||120 (32.4%)|
|Vacant Housing Units||60 (16.2%)|
|Median Home Value||$335,000|
|Housing Affordability Index2||115|
|Average Household Size||1.87|
|Average Family Size||2|
GROWTH RATE / YEAR
|Median Household Income||3.71%|
|Per Capita Income||4.25%|
The table below compares Falls Village to the other 143 incorporated cities, towns and CDPs in Connecticut by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 138||4th|
|Population Density||# 131||9th|
|Diversity Index||# 136||5th|
|Median Household Income||# 71||51st|
|Per Capita Income||# 46||69th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Connecticut Census Data Comparison Tool.