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Falman

Learn about the people, housing, costs and businesses in Falman, Texas

Median Home$161,200
Median Rent$1,392/month
Population68
Leading IndustriesEducation · Manufacturing · Retail7% education
Home Value Growth+10.3% over 2 years
Family-Friendly28% of residentswell above average
Homeowners63% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAmenity Score68/100 · highly walkable area
Falman
TX

Frequently Asked Questions

What are today's mortgage rates in Falman?

As of today, the 30-year fixed mortgage rate for Falman is approximately 6.946% (6.984% 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 Falman?

The median home value in Falman is $161k. The median monthly rent is $1,392. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Falman?

Home values in Falman have increased 10.3% 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 Falman?

Based on a typical all-in ownership cost of $1,094/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Falman is $77k/year.

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What industries drive the economy in Falman?

The largest employment sectors in Falman are public administration (18%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.