Market Overview
Home Prices in Falkville, AL
The median home value in Falkville, AL is $213,111 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Falkville are priced48% below average. Falkville is part of the Decatur, AL metro area.
Over the past five years, Falkville home values have risen by approximately15.9%, reflecting steady appreciation in this market.
Price History
Falkville Home Price Trend
City Comparison
Falkville vs. National Median
At $213,111, homes in Falkville cost 48% below the national median of $410,000. This makes Falkville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Falkville?
20% Down Payment
$42,622
on $213,111
Monthly P&I
$1,111/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,411/mo
incl. taxes & insurance
Income Needed
$56,440
gross annual (30% rule)
10% Down Option
$21,311
+ PMI applies
Loan Amount (20% dn)
$170,489
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Falkville, AL?
The median home value in Falkville is $213,111 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Falkville?
Over the past year, home values in Falkville have increased by 1%. Over five years, prices have risen approximately 15.9%.
How much do I need to earn to buy a home in Falkville?
To comfortably afford the median home price of $213,111 with a 20% down payment ($42,622) at today's rates (6.8%), you'd need a gross annual income of approximately $56,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Falkville compare to the national average home price?
The national median home value is approximately $410,000. At $213,111, homes in Falkville are 48% below the national average.
What metro area is Falkville part of?
Falkville is part of the Decatur, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.