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Falcon Heights

Learn about the people, housing, costs and businesses in Falcon Heights, Oregon

Median Home$247,700
Median Rent$1,164/month
Population812
Leading IndustryPublic Administration30% of local workforce
Home Value Growth⬇⬇-13.1% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners88% of occupied units
NotableTransit94/100 · excellent transit access
NotableVeteran Community13% of residents · top 4% nationally
Falcon Heights
OR

Frequently Asked Questions

What are today's mortgage rates in Falcon Heights?

As of today, the 30-year fixed mortgage rate for Falcon Heights is approximately 7.028% (7.069% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Falcon Heights?

The median home value in Falcon Heights is $248k. The median monthly rent is $1,164. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Falcon Heights?

Home values in Falcon Heights have decreased 13.1% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Falcon Heights?

Based on a typical all-in ownership cost of $1,133/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falcon Heights is $69k/year.

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What industries drive the economy in Falcon Heights?

The largest employment sectors in Falcon Heights are public administration (30%) and wholesale trade (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.