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City · 10,013 residents · Harford County, Maryland

Fallston , Maryland

In Fallston, a typical home is worth $562,300 and typical rent is $2,268 a month. Compared with all of Harford County, the typical home value is 46% higher, typical rent is 43% higher, and the share of households that own their home is 18 points higher.

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  • Typical home value

    $562,300

    46% above the county

    34% above Maryland

    • Fallston
    • Harford
    • Maryland

  • Typical rent

    $2,268a month

    43% above the county

    33% above Maryland

    • Fallston
    • Harford
    • Maryland

  • Typical household income

    $154,688a year

    38% above the county

    49% above Maryland

    • Fallston
    • Harford
    • Maryland

  • Households that own their home

    97%

    18 points above the county

    30 points above Maryland

    • Fallston
    • Harford
    • Maryland

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$563,506
1.8% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Fallston is in Harford County. The FHA loan limit ($747,500 for a one-unit home), the fair market rents and the help on this page are those of all of Harford County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Fallston apart

What this place has that others do not, from public data, most unusual first.

  1. Fallston has the 4th highest homeownership rate of the 202 cities in Maryland with more than 5,000 people (97%).

  2. Nearby, in Bel Air, the typical home value is $318,400: 43% less than in Fallston ($562,300).

  3. The typical home in Fallston is worth $562,300, 46% more than in Harford County as a whole ($386,400).

  4. The typical rent in Fallston is $2,268 a month, 43% more than in Harford County as a whole ($1,586).

  5. Nearby, in Bel Air, the typical rent is $1,492: 34% less than in Fallston ($2,268).

  6. The typical household income in Fallston is $154,688, 38% more than in Harford County as a whole ($112,265).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Fallston

What homes there are in Fallston, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 99% of homes here, against 60% in Harford County.

Year built

Homes in Fallston are older: the typical year built is 1977; in Harford County, 1986.

There is more room for a big family here: 97% of homes have 3 bedrooms or more, against 75% in Harford County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,682 a month

Harford County: $2,165 a month

Without a mortgage

$765 a month

Harford County: $694 a month

Owners with a mortgage

58%

Harford County: 69%

The typical cost for an owner with a mortgage in Fallston is $2,682 a month, more than in Harford County ($2,165); without one, $765.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Fallston rose 43% since 2015–2019, more than in Harford County (32%).

The typical rent in Fallston rose 98% over the same time; in Harford County, it rose 26%.

Here income did not keep up with housing: it rose 20%, while home values changed +43% and rent +98%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFallstonHarford CountyMarylandUnited States
Rental vacancy Unreliable estimate3.6%4.7%5.5%
Homeowner vacancy Unreliable estimate0.4%0.8%0.9%
More than one person per room Unreliable estimate1.0%2.5%3.4%
People per household 2.972.572.572.53
Drive alone 67%75%65%69%
Carpool Unreliable estimate7%8%9%
Public transit Unreliable estimate1%4%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 18%15%19%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Fallston has 2.97 people, more than in Harford County (2.57).

Many people here do not commute at all: 18% work from home; in Harford County, 15%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Fallston?

A typical home is tight for the typical income

We start with a typical home in Fallston, worth $562,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Fallston, which is $154,688 a year. For that payment to be 28% of income, a household would need to earn about $197,462 a year.

The calculator's FHA and conventional loan limits are those of all of Harford County.

Your numbers

Local data
$

Starts at the typical home value in Fallston. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $19,681 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,608

at 7.18% · 30 years

Loan amount
$552,115
Total interest
$794,364
Paid off in
November 2056

Includes $9,496 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,609 a month

  • Tight

    $3,609 to $4,641 a month

    Your payment · 36%

  • Hard

    more than $4,641 a month

Compared with the typical household income in Fallston ($154,688 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,608
Principal & interest$3,740
Property tax$384
Home insurance$234
FHA mortgage insurance (MIP)$249

You need at least $19,681 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Fallston and Harford County

Fallston is in Harford County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Fallston's own numbers

Typical home value
$562,300
Typical monthly rent
$2,268
Typical yearly household income
$154,688
Households that own their home
97%
Effective property tax rate
0.82%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Harford County

FHA limit, one-unit home
$747,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,006
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
0.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Harford County.

Everything about Harford County

Buying

Buying a home in Fallston

A typical home in Fallston is worth $562,300: 46% above the county and 34% above Maryland. With the typical household income in Fallston ($154,688 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Fallston 3.6 years
  • Harford 3.4 years
  • Maryland 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Harford County

According to FHFA’s house price index, home prices in Harford County rose 65% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Harford County.

Period County Maryland U.S.
Last year (2025) +3.7% +2.7% +2.9%
5 years (2020–2025) +44% +40% +47%
10 years (2015–2025) +65% +60% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Fallston next to Harford County, Maryland and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Fallston $562,300
  • Harford $386,400
  • Maryland $419,900
  • United States $332,700
Typical monthly rent
  • Fallston $2,268
  • Harford $1,586
  • Maryland $1,705
  • United States $1,413
Typical yearly household income
  • Fallston $154,688
  • Harford $112,265
  • Maryland $103,678
  • United States $80,734
See the full table
Fallston next to Harford County and Maryland
Measure Fallston Harford County Maryland U.S.
Typical home value $562,300 $386,400 $419,900 $332,700
Typical monthly rent $2,268 $1,586 $1,705 $1,413
Typical yearly household income $154,688 $112,265 $103,678 $80,734
Households that own their home 97% 80% 68% 65%
Typical yearly property tax $4,616 $3,448 $4,093 $3,119
Effective property tax rate 0.82% 0.89% 0.97% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Harford County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Fallston

For a typical $562,300 home in Fallston, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fallston's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,607a month

    Least cash to close
    Down payment
    $19,681
    Cash to close
    $36,550
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $249

  • Conventional, 5% down $4,504a month

    Down payment
    $28,115
    Cash to close
    $44,984
    Rate
    7.18%
    Mortgage insurance
    PMI · $267

  • Conventional, 20% down, no PMI $3,666a month

    Down payment
    $112,460
    Cash to close
    $129,329
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,186a month

    Down payment
    $84,345
    Cash to close
    $101,214
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Fallston and for Harford County.

Property tax

Effective rate in Fallston

0.82%of the home’s value each year

$4,616 a year for the typical owner in Fallston.

  • Fallston 0.82%
  • Harford 0.89%
  • Maryland 0.97%

What Maryland publishes Homestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))

Exemptions and deadlines in Maryland

Flood risk in Harford County

FEMA does not publish these numbers by city: they are for all of Harford County.

Homes in the high-risk zone
0.6%
584
Of those, with NFIP insurance
46%
County Maryland U.S.
Homes in the high-risk zone 0.6% 1.2% 3.5%
Of those, with NFIP insurance 46% 74% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Fallston

Typical rent in Fallston is $2,268 a month: 43% above the county.

HUD publishes a fair market rent for all of Harford County, by unit size. To pay the 2-bedroom one ($2,006 a month) without spending more than 30% of your income, you would need to earn $38.58 an hour working full time.

HUD fair market rent for all of Harford County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,523 $29.29 $60,920
1 bedroom $1,625 $31.25 $65,000
2 bedrooms $2,006 $38.58 $80,240
3 bedrooms $2,509 $48.25 $100,360
4 bedrooms $2,789 $53.63 $111,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Fallston

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Fallston is in ZIP code 21047.

For 2 bedrooms it is $2,950: $944 more than the fair market rent for Harford County ($2,006).

  • 21047 $2,950$3,690

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Fallston when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Fallston

HUD lists one building with rents for lower incomes in Fallston.

  • Bensons Corner 1700 Harford Rd, Fallston 21047 51 homes, 5 low-income (443) 699-2759

See all 30 buildings in Harford County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Fallston

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Harford County; none says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Fallston

No down payment, repair or rent-help program on our list is for Fallston or Harford County. The ones below are statewide in Maryland: they work in Fallston the same as in the rest of the state.

Which programs do I qualify for? All programs in Maryland

  • MMP 1st Time Advantage

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • MMP Flex Loans

    Statewide in Maryland

    Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Deferred

    See the program Official page

  • Maryland SmartBuy

    Statewide in Maryland

    Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home. Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).

    Forgivable

    See the program Official page

Housing counselors near Fallston

The HUD-approved agencies closest to the center of Fallston, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Harford County, Maryland

    15 S Main St, Bel Air · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (410) 638-3045

  • Harbel Housing Partnership ( A Division of Harbel Community Organization, Inc.)

    5807 Harford Rd, Baltimore · 14 miles away

    • Budget and financial counseling
    • Pre-purchase counseling
    • and 1 more
    (410) 444-9152

  • Belair - Edison Neighborhoods, Inc.

    3545 Belair Rd, Baltimore · 16 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (410) 485-8422

Every agency in Harford County All counseling agencies in Maryland

Help in Spanish near Fallston

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Fallston

HUD’s record names them for Fallston or Harford County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Harford County: see the list Source: HUD

Cities

Other cities in Harford County

These cities are also in Harford County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Harford County Housing in Maryland

Nearby cities

The cities closest to Fallston, with the typical home value.

Neighboring counties

If Harford County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Fallston.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Fallston

Short answers with the numbers for Fallston and all of Harford County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Fallston?

The typical home value in Fallston is $562,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Harford County it is $386,400.

How much does it cost to rent in Fallston?

Typical rent in Fallston is $2,268 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Harford County is $2,006.

What is the FHA loan limit in Fallston?

Fallston uses the FHA limit for all of Harford County (2026): $747,500 for a one-unit home and $1,437,500 for a four-unit home.

How much property tax do owners pay in Fallston?

The typical homeowner in Fallston pays $4,616 a year, according to the U.S. Census Bureau. That is 0.82% of the home’s value; in Harford County, the rate is 0.89%.

Where can I find free help to buy or rent in Fallston?

There is 1 HUD-approved counseling agency with an office in Harford County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).