Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Falcon

Learn about the people, housing, costs and businesses in Falcon, Mississippi

Median Home$63,100
Median Rent$669/month
Population108
Leading IndustriesWholesale Trade · Manufacturing · Public Administration13% wholesale trade
Retirees24% of residentsslightly above average
Homeowners66% of occupied units
NotableAffordable Market$63k median home · lower cost than 99% of the country
Falcon
MS

Frequently Asked Questions

What are today's mortgage rates in Falcon?

As of today, the 30-year fixed mortgage rate for Falcon is approximately 6.884% (6.920% 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
What is the median home price in Falcon?

The median home value in Falcon is $63k. The median monthly rent is $669. Annual property taxes average $657. 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?

Based on a typical all-in ownership cost of $550/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falcon is $35k/year.

Calculate your buying power
What industries drive the economy in Falcon?

The largest employment sectors in Falcon are public administration (26%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.