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These days, finding an affordable place to live in the Falls area can be challenging. Home prices in Falls are now at a median cost of $220,425, lower than the Pennsylvania average of $288,156.
The average cost of rent is $909/mo in Falls, primarily driven by the current value of real estate in the Falls area. In Falls, 13.43% of households rent, and 47.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falls is $5,500 per month. Households that rent pay about 16.53% of their income on rent here. Falls’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harding, PA: higher priced homes
- West Falls, PA: equally priced homes
- Mill City, PA: higher priced homes
- Upper Exeter, PA: higher priced homes
- Center Moreland, PA: equally priced homes
- Schultzville, PA: higher priced homes
- Lake Winola, PA: equally priced homes
- Milwaukee, PA: higher priced homes
- Ransom, PA: equally priced homes
- Osterhout, PA: less expensive homes
Cities with Similar Populations
- Temple, NH: higher priced homes
- Clarissa, MN: less expensive homes
- Clark, SD: less expensive homes
- Clay City, IL: less expensive homes
- Claypool, AZ: less expensive homes
- Clearville, PA: equally priced homes
- Clermont, IN: higher priced homes
- Colo, IA: less expensive homes
- West Berlin, OH: higher priced homes
- Trail, OR: higher priced homes
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