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Fallsburg

Learn about the people, housing, costs and businesses in Fallsburg, New York

Median Home$256,634
Median Rent$1,156/month
Population1,865
Leading IndustriesEducation · Public Administration3% education
Home Value Growth⬆⬆⬆+35.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners55% of occupied units
Fallsburg
NY

Frequently Asked Questions

What are today's mortgage rates in Fallsburg?

As of today, the 30-year fixed mortgage rate for Fallsburg is approximately 6.851% (6.886% 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 Fallsburg?

The median home value in Fallsburg is $257k. The median monthly rent is $1,156. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fallsburg?

Home values in Fallsburg have increased 35.4% 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 Fallsburg?

Based on a typical all-in ownership cost of $1,168/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fallsburg is $57k/year.

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What industries drive the economy in Fallsburg?

The largest employment sectors in Fallsburg are public administration (26%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.