Falcon Heights, MN


Highest Appreciating Falcon Heights Neighborhoods Since 2000

Falcon Heights, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Falcon Heights Housing Market Information

With 5,571 people, 2,170 houses or apartments, and a median cost of homes of $323,805, Falcon Heights house prices are not only among the most expensive in Minnesota, Falcon Heights real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Falcon Heights, accounting for 51.51% of the city's housing units. Other types of housing that are prevalent in Falcon Heights include large apartment complexes or high rise apartments ( 39.82%), row houses and other attached homes ( 6.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.20%).

People in Falcon Heights primarily live in small (one, two or no bedroom) single-family detached homes. Falcon Heights has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Falcon Heights's housing was primarily built during this period, from the '40s through the '60s. A full 54.79% of the city's housing hails from this era. Other housing ages represented in Falcon Heights include homes built between 1970-1999 ( 21.87%) and housing constructed before 1939 ( 14.32%). There's also some housing in Falcon Heights built between 2000 and later ( 9.02%).

Falcon Heights Home Appreciation Rates

Real estate appreciation rates in Falcon Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.21% during the period.

NeighborhoodScout's data show that during the latest twelve months, Falcon Heights's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Falcon Heights's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Falcon Heights's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

Average Home Values


Median Home Value:

Falcon Heights, MN HOME PRICES

Value Range
> $1,165,000 0.0
$873,001 - $1,165,000 0.0
$582,001 - $873,000 7.2
$466,001 - $582,000 9.9
$350,001 - $466,000 23.7
$233,001 - $350,000 50.1
$116,001 - $233,000 7.2
$58,001 - $116,000 1.2
$0 - $58,000 0.7

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
14.2212586429157 7.80287474332649

Number Of Homes And Apartments:

Falcon Heights Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.42% 2.07% 6 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,275 / per month

Homeownership Rate

Owners 49.42
Renters 50.58
Vacant 6.38

Housing Market Details


Age of Homes

AGE OF Falcon Heights HOMES
2000 or Newer 9.0
1970 - 1999 21.9
1940 - 1969 54.8
1939 or Older 14.3

Types of Homes

TYPE OF Falcon Heights HOMES
Single-Family 51.5
Townhomes 6.5
Small Apt. Buildings 2.2
Apt. Complexes 39.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Falcon Heights HOMES
No Bedroom 0.78
1 Bedroom 21.35
2 Bedrooms 29.94
3 Bedrooms 26.40
4 Bedrooms 18.77
5 or more bedrooms 2.76

Popular Neighborhoods in Falcon Heights

Zip Codes in Falcon Heights, MN