Home

Falcon Heights, MN Real Estate


According to census data in the year 2000 there were 2,129 housing units in Falcon Heights. This represents a 3.5% growth from 2,057 in 1990.

Of those housing units, 2,129 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Falcon Heights is about 58.3%. Falcon Heights's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Falcon Heights were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom23.50%
Two Bedrooms28%
Three Bedrooms30.40%
Four Bedrooms13.70%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1949
Median Value of occupied units$161,400
Median Price asked for vacant units$162,500

Rented Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1965

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.10%
Home Equity Loan9.60%
Simple Mortgage46.90%
Debt Free35%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs14.4%