Falls Village, CT Profile: Facts & Data

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Falls Village, Connecticut - Basic Facts

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.

The Falls Village Census Designated Place is located within Town of Canaan, a minor civil division (MCD) of Litchfield County.

Alternate Unofficial Names for Falls Village: Canaan Falls, Housatonic Falls, The Falls.

Jump to... (On This Page!)
  1. Falls Village 2019 Demographic Data
  2. Growth Rates for Falls Village (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Connecticut Research Tools (Easy Tools & Current Data)
  3. Connecticut Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Falls Village, CT Data & Demographics (As of July 1, 2019)

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.

WEALTH INDEX

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.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 581
Population in Households 581
Population in Familes 408
Population in Group Qrtrs 0
Population Density 364
Diversity Index1 11
 

INCOME

Median Household Income $77,033
Average Household Income $100,514
Per Capita Income $47,662
Wealth Index3 146

HOUSING

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
 

HOUSEHOLDS

Total Households 310
Average Household Size 1.87
Family Households 165
Average Family Size 2
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.83% 0.17%
Households 0.87% 0.19%
Families 2.61% 0.0%
Median Household Income   3.71%
Per Capita Income   4.25%

Falls Village, CT - Peer Comparisons by Rank and Percentile

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.

Variable Description Rank Percentile
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.

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