Falmouth is located close to the center of Virginia. Falmouth is between the Stafford, Fauquier county. Falmouth has 2.98 square miles of land area and 0.29 square miles of water area. As of 2010-2014, the total Falmouth population is 4,518, which has grown 24.67% since 2000. The population growth rate is much higher than the state average rate of 15.63% and is much higher than the national average rate of 11.61%. Falmouth median household income is $69,402 in 2010-2014 and has grown by 20.29% since 2000. The income growth rate is much lower than the state average rate of 38.81% and is lower than the national average rate of 27.36%. Falmouth median house value is $259,900 in 2010-2014 and has grown by 94.39% since 2000. The house value growth rate is about the same as the state average rate of 94.18% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Falmouth is better than the state average in quality.