
Affordable
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These days, finding an affordable place to live in the Falcon area can be challenging. Home prices in Falcon are now at a median cost of $217,807, lower than the North Carolina average of $323,314.
The average cost of rent is $1,007/mo in Falcon, primarily driven by the current value of real estate in the Falcon area. In Falcon, 16.77% of households rent, and 46.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falcon is $5,626 per month. Households that rent pay about 17.90% of their income on rent here. Falcon’s most expensive areas are in the southwestern 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
- Godwin, NC: less expensive homes
- Mingo, NC: less expensive homes
- Wade, NC: equally priced homes
- Spiveys Corner, NC: equally priced homes
- Dunn, NC: less expensive homes
- Autryville, NC: less expensive homes
- Eastover, NC: higher priced homes
- Timothy, NC: less expensive homes
- Linden, NC: higher priced homes
- Slocomb, NC: higher priced homes
Cities with Similar Populations
- Hampshire, TN: equally priced homes
- Sightly, WA: higher priced homes
- Shelby, NE: equally priced homes
- Sharon, OK: equally priced homes
- Scobey, MT: less expensive homes
- Kingston, VA: less expensive homes
- Kendleton, TX: equally priced homes
- Kelley, IA: higher priced homes
- Herrick, IL: less expensive homes
- Hermon, NY: less expensive homes
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