Falling Waters, WV Profile: Facts & Data

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Falling Waters, West Virginia - Basic Facts

The Falling Waters Census Designated Place had a population of 1,337 as of July 1, 2020. Falling Waters ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in West Virginia. See peer rankings below.

The primary coordinate point for Falling Waters is located at latitude 39.5593 and longitude -77.8908 in Berkeley County. The formal boundaries for the Falling Waters Census Designated Place encompass a land area of 1.25 sq. miles and a water area of 0 sq. miles. Berkeley County is in the Eastern time zone (GMT -5). The elevation is 394 feet.

The Falling Waters Census Designated Place (GNIS ID: 2586801) 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 Falling Waters Census Designated Place is located within Potomac District, a minor civil division (MCD) of Berkeley County.

Alternate Unofficial Names for Falling Waters: Fallingwater.

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Falling Waters, WV Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,337 (100%)
Population in Households 1,331 (99.6%)
Population in Families 1,059 (79.2%)
Population in Group Quarters1 6 ( 0.4%)
Population Density 1,074
Diversity Index2 33
 
 

INCOME

Median Household Income $72,795
Average Household Income $86,067
% of Income for Mortgage4 11%
Per Capita Income $33,414
Wealth Index5 88
 

HOUSING

Total HU (Housing Units) 594 (100%)
Owner Occupied HU 460 (77.4%)
Renter Occupied HU 60 (10.1%)
Vacant Housing Units 74 (12.5%)
Median Home Value $186,157
Average Home Value $212,473
Housing Affordability Index3 254
 

HOUSEHOLDS

Total Households 520
Average Household Size 2.56
Family Households 354
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. 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 races 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.
  3. 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.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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

2010-2020 2020-2025
Population 4.21% 5.51%
Households 4.29% 5.54%
Families 4.21% 5.47%
Median Household Income   1.33%
Per Capita Income   1.7%
Owner Occupied HU   6.01%

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Falling Waters, WV - Peer Comparisons by Rank and Percentile

The table below compares Falling Waters to the other 404 incorporated cities, towns and CDPs in West Virginia by rank and percentile using July 1, 2020 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 # 121 70th
Population Density # 138 66th
Median Household Income # 12 97th
Housing Affordability Index # 208 51st
Per Capita Income # 30 93rd
Diversity Index # 21 95th

Additional comparisons and rankings can be made with a VERY EASY TO USE West Virginia Census Data Comparison Tool.

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