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Falkner

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

Median Home$121,335
Median Rent$778/month
Population436
Leading IndustriesRetail · Public Administration · Construction23% retail
Home Value Growth⬆⬆⬆+27.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners82% of occupied units
NotableAffordable Market$121k median home · lower cost than 84% of the country
Falkner
MS

Frequently Asked Questions

What are today's mortgage rates in Falkner?

As of today, the 30-year fixed mortgage rate for Falkner is approximately 7.351% (7.403% 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 Falkner?

The median home value in Falkner is $121k. The median monthly rent is $778. Annual property taxes average $831. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Falkner?

Home values in Falkner have increased 27.6% 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 Falkner?

Based on a typical all-in ownership cost of $607/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falkner is $50k/year.

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What industries drive the economy in Falkner?

The largest employment sectors in Falkner are public administration (31%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.