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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 $249,919, lower than the Oregon average of $502,078.
The average cost of rent is $1,084/mo in Falcon Heights, primarily driven by the current value of real estate in the Falcon Heights area. In Falcon Heights, 15.99% of households rent, and 41.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falcon Heights is $5,438 per month. Households that rent pay about 19.92% of their income on rent here. Falcon Heights’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake of the Woods, OR: higher priced homes
- Midland, OR: higher priced homes
- Altamont, OR: equally priced homes
- Klamath Falls, OR: higher priced homes
- Olene, OR: higher priced homes
- Pelican City, OR: higher priced homes
- Keno, OR: higher priced homes
- Merrill, OR: higher priced homes
- Wocus, OR: higher priced homes
- Dairy, OR: higher priced homes
Cities with Similar Populations
- Forestburg, TX: higher priced homes
- Togus, ME: less expensive homes
- Tillman, SC: less expensive homes
- Thornton, MI: less expensive homes
- Taxahaw, SC: less expensive homes
- Sylvia, TN: equally priced homes
- Susan Moore, AL: less expensive homes
- Sun River Terrace, IL: less expensive homes
- Summerfield, IL: less expensive homes
- Styx, TX: less expensive homes
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