Living in Falcon Heights, Minnesota
Cost of living, income, home prices, rent and demographics of Falcon Heights · Census data 2020–2024
Falcon Heights has 5,085 residents with a median age of 34.4. The median household income is $96,528 (8% higher than the Minnesota median), the median home value is $384,500, the median rent is $1,202/month.
Falcon Heights at a glance
- Population
- 5,085
- Median age
- 34.4State: 38.8
- Median household income
- $96,528State: $89,062
- Median home value
- $384,500State: $329,300
- Median rent
- $1,202/moState: $1,280
- Homeowners
- 57.4%
- Bachelor's degree or higher
- 72.9%
- Average commute
- 22 min
Is Falcon Heights a good place to live?
Pros: Median household income 8% higher than the Minnesota median; an average commute of 22 minutes; a poverty rate of 7.5%.
Cons: Home values 17% higher than the state median; unemployment of 4.8%.
The weather is best in June to September.
Cost of living in Falcon Heights
Housing is the biggest part of the cost of living. In Falcon Heights the median home value is $384,500, 16% higher than the U.S. median. Renters pay a median of $1,202 per month, which is 31.2% of household income. Homeowners with a mortgage pay $2,257 a month in housing costs.
Falcon Heights median household income
The median household income in Falcon Heights is $96,528 and the income per person is $49,777. 7.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Falcon Heights: homes for sale and rent
- Housing units
- 2,147
- Owner-occupied
- 57.4%
- Renter-occupied
- 42.6%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.31
Falcon Heights demographics
- Population
- 5,085
- Median age
- 34.4
- Under 18
- 19.3%
- 65 and older
- 15.5%
- Households
- 2,039
- Foreign-born
- 19.7%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Falcon Heights ›
Education in Falcon Heights
72.9% of adults 25 and older in Falcon Heights have a bachelor's degree or higher (Minnesota: 39.4%), and 40.6% have a graduate or professional degree.
Jobs and commute in Falcon Heights
- Unemployment rate
- 4.8%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 29%
- Drive alone
- 44.5%
- Public transit
- 5.5%
- Walk to work
- 8.6%
- Homes with broadband
- 92.3%
Falcon Heights vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Falcon Heights | 5,085 | $96,528 | $384,500 | $1,202 |
| Lauderdale | 2,388 | $78,684 | $283,300 | $1,351 |
| Roseville | 35,802 | $86,930 | $352,100 | $1,374 |
| St. Anthony | 9,671 | $97,363 | $387,500 | $1,397 |
| St. Paul | 307,284 | $73,394 | $294,500 | $1,281 |
| Minneapolis | 427,246 | $80,846 | $362,200 | $1,371 |
| Little Canada | 10,514 | $77,957 | $319,800 | $1,417 |
| Columbia Heights | 22,155 | $73,691 | $277,600 | $1,295 |
| Arden Hills | 9,658 | $134,118 | $441,900 | $1,710 |
More for people moving to Falcon Heights
Falcon Heights ZIP code ›Weather and climate ›Living in Falcon Heights: FAQ
What is the median household income in Falcon Heights, MN?
The median household income in Falcon Heights is $96,528, 8% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Falcon Heights?
The median home value in Falcon Heights is $384,500, compared with $329,300 in Minnesota.
How much is rent in Falcon Heights?
The median gross rent in Falcon Heights is $1,202 per month, about 31.2% of household income.
Is Falcon Heights, MN a good place to live?
Pluses: median household income 8% higher than the Minnesota median; an average commute of 22 minutes; a poverty rate of 7.5%. Minuses: home values 17% higher than the state median; unemployment of 4.8%.
What is the median age in Falcon Heights?
The median age in Falcon Heights is 34.4 years (Minnesota: 38.8).
How long is the commute in Falcon Heights?
The average commute to work in Falcon Heights is 22 minutes; 29% of workers work from home.
What is the unemployment rate in Falcon Heights?
The unemployment rate in Falcon Heights is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Falcon Heights?
72.9% of adults in Falcon Heights 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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