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Falconaire

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

Median Rent$797/month
Population68
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare9% professional services
Home Value Growth+5.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners77% of occupied units
NotableHighly Educated33% bachelor's · 28% graduate · top 5% nationally
Falconaire
TX

Frequently Asked Questions

What are today's mortgage rates in Falconaire?

As of today, the 30-year fixed mortgage rate for Falconaire is approximately 6.773% (6.805% 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 Falconaire?

Home values in Falconaire 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 Falconaire?

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 Falconaire is $25k/year.

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What industries drive the economy in Falconaire?

The largest employment sectors in Falconaire are healthcare (29%) and arts, food, and hospitality (28%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.