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Falcon Lake Estates

Learn about the people, housing, costs and businesses in Falcon Lake Estates, Texas

Median Home$86,700
Median Rent$759/month
Population1,056
Leading IndustriesEducation · Manufacturing · Retail8% education
Family-Friendly31% of residentstop 3% nationally
Homeowners71% of occupied units
NotableAffordable Market$87k median home · lower cost than 96% of the country
Falcon Lake Estates
TX

Explore Falcon Lake Estates

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Falcon Lake Estates?

As of today, the 30-year fixed mortgage rate for Falcon Lake Estates is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Falcon Lake Estates
What is the median home price in Falcon Lake Estates?

The median home value in Falcon Lake Estates is $87k. The median monthly rent is $759. Annual property taxes average $851. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $715/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falcon Lake Estates is $38k/year.

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What industries drive the economy in Falcon Lake Estates?

The largest employment sectors in Falcon Lake Estates are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.