In Falcon Heights, a typical home is worth $384,500 and typical rent is $1,202 a month. Compared with all of Ramsey County, typical household income is 18% higher and the typical home value is 18% higher.
Typical home value from Zillow, September 2021 to September 2026: from $377,076 to $411,146.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Falcon Heights is in Ramsey County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Ramsey County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in St. Paul, the typical home value is $294,500: 23% less than in Falcon Heights ($384,500).
2
The typical household income in Falcon Heights is $96,528,18% more than in Ramsey County as a whole ($81,568).
3
The typical home in Falcon Heights is worth $384,500,18% more than in Ramsey County as a whole ($326,600).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Falcon Heights
What homes there are in Falcon Heights, 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 houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Falcon Heights
Ramsey County
Minnesota
United States
Kind of home: Falcon Heights and its comparisons
Measure
Falcon Heights
Ramsey County
Minnesota
United States
Detached house
54%
52%
66%
61%
Attached house
8%
7%
7%
6%
Building of 2 to 4
Unreliable estimate
7%
4%
8%
Apartments (5 or more)
36%
33%
19%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Ramsey County, most homes in Falcon Heights are detached houses (54%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Falcon Heights
Ramsey County
Minnesota
United States
Year built: Falcon Heights and its comparisons
Measure
Falcon Heights
Ramsey County
Minnesota
United States
Before 1960
50%
44%
29%
26%
1960–1979
27%
25%
23%
24%
1980–1999
14%
18%
24%
25%
2000–2009
6%
6%
13%
14%
2010 or later
3%
7%
10%
11%
In Falcon Heights, half of the homes were built before 1960; in Ramsey County, before 1965.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K66%
$500K–$750K19%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Falcon Heights and its comparisons
Measure
Falcon Heights
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
66%
$500K–$750K
19%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49960%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Falcon Heights and its comparisons
Measure
Falcon Heights
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
60%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,257 a month
Ramsey County: $1,975 a month
Without a mortgage
$917 a month
Ramsey County: $785 a month
Owners with a mortgage
62%
Ramsey County: 65%
Owning costs more in Falcon Heights: with a mortgage, the typical cost is $2,257 a month; in Ramsey County, $1,975. Without one, $917.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Falcon Heights+31%
Ramsey County+42%
Minnesota+47%
United States+53%
Typical rent
Falcon Heights+13%
Ramsey County+32%
Minnesota+31%
United States+33%
Typical household income
Falcon Heights+28%
Ramsey County+26%
Minnesota+25%
United States+29%
Change since 2015–2019: Falcon Heights and its comparisons
Measure
Falcon Heights
Ramsey County
Minnesota
United States
Typical home value
+31%
+42%
+47%
+53%
Typical rent
+13%
+32%
+31%
+33%
Typical household income
+28%
+26%
+25%
+29%
The typical home value in Falcon Heights rose 31% since 2015–2019, less than in Ramsey County (42%).
Rents in Falcon Heights rose more slowly than in Ramsey County: 13% since 2015–2019, against 32%.
The typical household income in Falcon Heights rose 28% over that time; home values changed +31% and rent +13%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Falcon Heights and its comparisons
Measure
Falcon Heights
Ramsey County
Minnesota
United States
Rental vacancy
Unreliable estimate
6.1%
5.3%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
0.6%
0.9%
More than one person per room
Unreliable estimate
4.0%
2.3%
3.4%
People per household
2.31
2.38
2.43
2.53
Drive alone
45%
63%
69%
69%
Carpool
7%
8%
8%
9%
Public transit
6%
4%
2%
3%
Walk or bike
12%
4%
3%
3%
Work from home
29%
21%
18%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
A household in Falcon Heights has 2.31 people on average, about the same as in Ramsey County (2.38).
Many people here do not commute at all: 29% work from home; in Ramsey County, 21%.
Do the math
What would you pay each month for a home in Falcon Heights?
A typical home costs more than the typical income allows
We start with a typical home in Falcon Heights, worth $384,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Falcon Heights, which is $96,528 a year. For that payment to be 28% of income, a household would need to earn about $140,517 a year.
The calculator's FHA and conventional loan limits are those of all of Ramsey County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Falcon Heights. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,458 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,279
at 7.18% · 30 years
Loan amount
$377,535
Total interest
$543,185
Paid off in
November 2056
Includes $6,493 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,252 a month
Tight
$2,252 to $2,896 a month
Hard
more than $2,896 a month
Your payment · 41%
Compared with the typical household income in Falcon Heights ($96,528 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,558
Property tax
$391
Home insurance
$160
FHA mortgage insurance (MIP)
$170
You need at least $13,458 for the down payment, plus closing costs.
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.
Total monthly payment $3,279; principal and interest $2,558.
The city and its county
Falcon Heights and Ramsey County
Falcon Heights is in Ramsey County, Minnesota. 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).
Falcon Heights
Map of Ramsey County, Minnesota, with Falcon Heights marked. Around it, the neighboring counties.
Falcon Heights
Ramsey County
Other cities with a page
Falcon Heights's own numbers
Typical home value
$384,500
Typical monthly rent
$1,202
Typical yearly household income
$96,528
Households that own their home
57%
Effective property tax rate
1.22%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Ramsey County
FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+31%
Homes in a high flood-risk zone
0.5%
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 Ramsey County.
A typical home in Falcon Heights is worth $384,500: 18% above the county and 17% above Minnesota. With the typical household income in Falcon Heights ($96,528 a year), a typical home costs 4.0 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.
Falcon Heights4.0 years
Ramsey4.0 years
Minnesota3.7 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Ramsey County
According to FHFA’s house price index, home prices in Ramsey County rose 70% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Ramsey County.
Yearly change in FHFA’s price index in Ramsey County, 2016 to 2025
2016: +5.5% +5.5% 2016
2017: +6.4% +6.4% 2017
2018: +7.0% +7.0% 2018
2019: +4.4% +4.4% 2019
2020: +3.5% +3.5% 2020
2021: +8.7% +8.7% 2021
2022: +10.0% +10.0% 2022
2023: +3.5% +3.5% 2023
2024: +2.5% +2.5% 2024
2025: +2.9% +2.9% 2025
Change in FHFA’s price index in Ramsey County, Minnesota and the United States
Period
County
Minnesota
U.S.
Last year (2025)
+2.9%
+2.8%
+2.9%
5 years (2020–2025)
+31%
+37%
+47%
10 years (2015–2025)
+70%
+71%
+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
Falcon Heights next to Ramsey County, Minnesota and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Falcon Heights$384,500
Ramsey$326,600
Minnesota$329,300
United States$332,700
Typical monthly rent
Falcon Heights$1,202
Ramsey$1,329
Minnesota$1,280
United States$1,413
Typical yearly household income
Falcon Heights$96,528
Ramsey$81,568
Minnesota$89,062
United States$80,734
See the full table
Falcon Heights next to Ramsey County and Minnesota
Measure
Falcon Heights
Ramsey County
Minnesota
U.S.
Typical home value
$384,500 ▲18% above the county
$326,600
$329,300
$332,700
Typical monthly rent
$1,202 ▼10% below the county
$1,329
$1,280
$1,413
Typical yearly household income
$96,528 ▲18% above the county
$81,568
$89,062
$80,734
Households that own their home
57% ▼3 points below the county
61%
72%
65%
Typical yearly property tax
$4,691 ▲18% above the county
$3,966
$3,357
$3,119
Effective property tax rate
1.22% ▲0.01 points above the county
1.21%
1.02%
0.94%
Renters with high rent for their income
53% ▲2 points above the county
51%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ramsey 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 Falcon Heights
For a typical $384,500 home in Falcon Heights, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Falcon Heights's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,279a month
Least cash to close
Down payment
$13,458
Cash to close
$24,993
Rate
7.18%
Mortgage insurance
FHA MIP · $170
Conventional, 5% down$3,208a month
Down payment
$19,225
Cash to close
$30,760
Rate
7.18%
Mortgage insurance
PMI · $183
Conventional, 20% down, no PMI$2,635a month
Down payment
$76,900
Cash to close
$88,435
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,990a month
Down payment
$57,675
Cash to close
$69,210
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Falcon Heights
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,279
$13,458
$377,536
7.18%
FHA MIP · $170
$24,993
580
Conventional, 5% down
$3,208
$19,225
$365,275
7.18%
PMI · $183
$30,760
620*
Conventional, 20% down, no PMI
$2,635
$76,900
$307,600
7.18%
None
$88,435
620*
ITIN, 15% down (example)
$2,990
$57,675
$326,825
8.18%
None
$69,210
Set by the lender
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.
Typical rent in Falcon Heights is $1,202 a month: 10% below the county. In Falcon Heights, 53% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Ramsey County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Ramsey County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,265
$24.33
$50,600
1 bedroom
$1,427
$27.44
$57,080
2 bedrooms
$1,734
$33.35
$69,360
3 bedrooms
$2,264
$43.54
$90,560
4 bedrooms
$2,538
$48.81
$101,520
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 Falcon Heights
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Falcon Heights has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,730 in 55108 to $1,760 in 55113.
1 of the 2 is above the fair market rent for Ramsey County ($1,734).
Fair market rent by ZIP code and size in Falcon Heights, fiscal year 2027.
55108
$1,260
$1,420
$1,730
$2,260
$2,530
55113
$1,280
$1,450
$1,760
$2,300
$2,580
ZIP code2 bd3 bd
55108 $1,730$2,260
55113 $1,760$2,300
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Falcon Heights 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 are 8 HUD-approved agencies with an office in Ramsey County; 5 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Falcon Heights or Ramsey County. The ones below are statewide in Minnesota: they work in Falcon Heights the same as in the rest of the state.
Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
The HUD-approved agencies closest to the center of Falcon Heights, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
NS
Navicore Solutions-Roseville, MN
1700 Highway 36 W Ste 510, Roseville · 1 miles away · Spanish
No legal help resource on our list is for Falcon Heights or Ramsey County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Falcon Heights and all of Ramsey 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 Falcon Heights?
The typical home value in Falcon Heights is $384,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ramsey County it is $326,600.
How much does it cost to rent in Falcon Heights?
Typical rent in Falcon Heights is $1,202 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ramsey County is $1,734.
What is the FHA loan limit in Falcon Heights?
Falcon Heights uses the FHA limit for all of Ramsey County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.
How much property tax do owners pay in Falcon Heights?
The typical homeowner in Falcon Heights pays $4,691 a year, according to the U.S. Census Bureau. That is 1.22% of the home’s value; in Ramsey County, the rate is 1.21%.
Where can I find free help to buy or rent in Falcon Heights?
There are 8 HUD-approved counseling agencies with an office in Ramsey County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
