Minnesota · Census place 20420
Falcon Heights city, MN
Quick answer
Falcon Heights city has 5,145 residents, ranking #146 of 914 places in Minnesota. Median household income is $93,233, the median home is worth $366,800 and median gross rent runs $1,200 a month.
- Population
- 5,145Falcon Heights city residents
- Median household income
- $93,233Past 12 months, inflation adjusted
- Median home value
- $366,800Owner-occupied units
- Median gross rent
- $1,200Rent plus utilities, monthly
- Median age
- 35.8 yrsAll residents
- Homeownership rate
- 59%Owner-occupied households
What the numbers mean in Falcon Heights city
Housing cost measured against local earnings.
A household earning the Falcon Heights city median would spend about 15.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.8% of residents and 59% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Montevideo city 5,303
- La Crescent city 5,266
- North Oaks city 5,175
- Morris city 5,092
- Redwood Falls city 5,075
- Lake City city 5,021
- Princeton city 4,988
Keep going
More Minnesota coverage.