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Falkland

Learn about the people, housing, costs and businesses in Falkland, North Carolina

Median Home$133,700
Median Rent$750/month
Population41
Leading IndustriesRetail · Professional Services · Education15% retail
Home Value Growth⬆⬆⬆+47.6% over 2 years
Young Adults33% of residentswell above average
Homeowners80% of occupied units
NotableAffordable Market$134k median home · lower cost than 80% of the country
Falkland
NC

Frequently Asked Questions

What are today's mortgage rates in Falkland?

As of today, the 30-year fixed mortgage rate for Falkland is approximately 6.838% (6.872% 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 Falkland?

The median home value in Falkland is $134k. The median monthly rent is $750. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Falkland?

Home values in Falkland have increased 47.6% over the past two years. This indicates a strong appreciation trend. 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 Falkland?

Based on a typical all-in ownership cost of $785/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falkland is $59k/year.

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What industries drive the economy in Falkland?

The largest employment sectors in Falkland are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.