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Falls Creek

Learn about the people, housing, costs and businesses in Falls Creek, Pennsylvania

Median Home$159,141
Median Rent$913/month
Population1,038
Leading IndustriesRetail · Manufacturing · Finance & Insurance16% retail
Home Value Growth⬆⬆+17.2% over 2 years
Retirees22% of residentsnear the national average
Homeowners80% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Falls Creek
PA

Frequently Asked Questions

What are today's mortgage rates in Falls Creek?

As of today, the 30-year fixed mortgage rate for Falls Creek is approximately 7.101% (7.147% 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 Falls Creek?

The median home value in Falls Creek is $159k. The median monthly rent is $913. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Falls Creek?

Home values in Falls Creek have increased 17.2% 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 Falls Creek?

Based on a typical all-in ownership cost of $716/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falls Creek is $65k/year.

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What industries drive the economy in Falls Creek?

The largest employment sectors in Falls Creek are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.