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Fall River

Learn about the people, housing, costs and businesses in Fall River, Kansas

Median Home$128,400
Median Rent$1,073/month
Population128
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Retirees32% of residentstop 5% nationally
Homeowners92% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Fall River
KS

Frequently Asked Questions

What are today's mortgage rates in Fall River?

As of today, the 30-year fixed mortgage rate for Fall River is approximately 7.014% (7.054% 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 Fall River?

The median home value in Fall River is $128k. The median monthly rent is $1,073. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Fall River?

Based on a typical all-in ownership cost of $587/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fall River is $68k/year.

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What industries drive the economy in Fall River?

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