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These days, finding an affordable place to live in the Falcon Heights area can be challenging. Home prices in Falcon Heights are now at a median cost of $398,299, higher than the Minnesota average of $345,793.
The average cost of rent is $1,317/mo in Falcon Heights, primarily driven by the current value of real estate in the Falcon Heights area. In Falcon Heights, 42.37% of households rent, and 44.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falcon Heights is $8,933 per month. Households that rent pay about 14.75% of their income on rent here. Falcon Heights’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lauderdale, MN: less expensive homes
- Roseville, MN: equally priced homes
- St. Anthony, MN: less expensive homes
- St. Paul, MN: less expensive homes
- Arden Hills, MN: higher priced homes
- Little Canada, MN: less expensive homes
- Minneapolis, MN: equally priced homes
- New Brighton, MN: equally priced homes
- Columbia Heights, MN: less expensive homes
- Hilltop, MN: less expensive homes
Cities with Similar Populations
- Springhill, LA: less expensive homes
- Hanover, IN: less expensive homes
- Hancock, MI: less expensive homes
- Hamptonville, NC: less expensive homes
- Springfield, KY: less expensive homes
- Hampton, IA: less expensive homes
- Hampden, MA: less expensive homes
- Hamilton, NY: less expensive homes
- Springfield, MI: less expensive homes
- Hardeeville, SC: equally priced homes
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