Living in Falkville, Alabama
Cost of living, income, home prices, rent and demographics of Falkville · Census data 2020–2024
Falkville has 1,606 residents with a median age of 53.5. The median household income is $46,888 (27% lower than the Alabama median), the median home value is $139,600, the median rent is $693/month.
Falkville at a glance
- Population
- 1,606
- Median age
- 53.5State: 39.3
- Median household income
- $46,888State: $63,999
- Median home value
- $139,600State: $209,900
- Median rent
- $693/moState: $1,007
- Homeowners
- 78.7%
- Bachelor's degree or higher
- 8.2%
- Average commute
- 22 min
Is Falkville a good place to live?
Pros: Home values 33% lower than the state median; an average commute of 22 minutes; unemployment of 1.9%; a poverty rate of 14.9%.
Cons: Median household income 27% lower than the Alabama median.
The weather is best in April–May and September–October.
Cost of living in Falkville
Housing is the biggest part of the cost of living. In Falkville the median home value is $139,600, 58% lower than the U.S. median. Renters pay a median of $693 per month, which is 26.8% of household income. Homeowners with a mortgage pay $1,203 a month in housing costs.
Falkville median household income
The median household income in Falkville is $46,888 and the income per person is $25,894. 14.9% of residents live below the poverty line (Alabama: 15.6%).
Housing in Falkville: homes for sale and rent
- Housing units
- 545
- Owner-occupied
- 78.7%
- Renter-occupied
- 21.3%
- Vacant
- 5.3%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.57
Falkville demographics
- Population
- 1,606
- Median age
- 53.5
- Under 18
- 14.4%
- 65 and older
- 38.1%
- Households
- 516
- Foreign-born
- 7.4%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Falkville ›
Education in Falkville
8.2% of adults 25 and older in Falkville have a bachelor's degree or higher (Alabama: 28.4%), and 3.7% have a graduate or professional degree.
Jobs and commute in Falkville
- Unemployment rate
- 1.9%State: 4.7%
- Average commute
- 22 minState: 26 min
- Work from home
- 0.8%
- Drive alone
- 86.6%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 75.4%
Falkville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Falkville | 1,606 | $46,888 | $139,600 | $693 |
| Hartselle | 15,847 | $76,290 | $203,800 | $804 |
| Eva | 845 | $115,455 | $246,500 | $633 |
| Somerville | 921 | $49,261 | $144,800 | $802 |
| West Point | 543 | $68,365 | $221,600 | $639 |
| South Vinemont | 693 | $50,795 | $170,000 | $810 |
| Priceville | 3,726 | $117,127 | $266,400 | $682 |
| Decatur | 57,361 | $61,563 | $210,200 | $896 |
| Cullman | 19,319 | $61,224 | $238,900 | $925 |
More for people moving to Falkville
Falkville ZIP code ›Weather and climate ›Living in Falkville: FAQ
What is the median household income in Falkville, AL?
The median household income in Falkville is $46,888, 27% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Falkville?
The median home value in Falkville is $139,600, compared with $209,900 in Alabama.
How much is rent in Falkville?
The median gross rent in Falkville is $693 per month, about 26.8% of household income.
Is Falkville, AL a good place to live?
Pluses: home values 33% lower than the state median; an average commute of 22 minutes; unemployment of 1.9%; a poverty rate of 14.9%. Minuses: median household income 27% lower than the Alabama median.
What is the median age in Falkville?
The median age in Falkville is 53.5 years (Alabama: 39.3).
How long is the commute in Falkville?
The average commute to work in Falkville is 22 minutes; 0.8% of workers work from home.
What is the unemployment rate in Falkville?
The unemployment rate in Falkville is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Falkville?
8.2% of adults in Falkville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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