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Falcon

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

Median Rent$797/month
Population2
Leading IndustriesProfessional Services · Wholesale Trade · Retail5% professional services
Home Value Growth+5.1% over 2 years
Retirees26% of residentsabove average nationally
NotableVeteran Community10% of residents · top 14% nationally
Falcon Village
TX

Frequently Asked Questions

What are today's mortgage rates in Falcon?

As of today, the 30-year fixed mortgage rate for Falcon is approximately 6.846% (6.880% 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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Are home values rising in Falcon?

Home values in Falcon have increased 5.1% over the past two years. This represents moderate growth. 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?

Based on a typical all-in ownership cost of $462/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falcon is $25k/year.

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What industries drive the economy in Falcon?

The largest employment sectors in Falcon are retail (18%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.