Market Overview
Home Prices in Falcon Heights, MN
The median home value in Falcon Heights, MN is $424,763 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Falcon Heights are priced4% above average. Falcon Heights is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Falcon Heights home values have risen by approximately9.8%, reflecting steady appreciation in this market.
Price History
Falcon Heights Home Price Trend
City Comparison
Falcon Heights vs. National Median
At $424,763, homes in Falcon Heights cost 4% above the national median of $410,000. Buyers in Falcon Heights should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Falcon Heights?
20% Down Payment
$84,953
on $424,763
Monthly P&I
$2,215/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,813/mo
incl. taxes & insurance
Income Needed
$112,520
gross annual (30% rule)
10% Down Option
$42,476
+ PMI applies
Loan Amount (20% dn)
$339,810
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 Falcon Heights, MN?
The median home value in Falcon Heights is $424,763 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Falcon Heights?
Over the past year, home values in Falcon Heights have increased by 2.8%. Over five years, prices have risen approximately 9.8%.
How much do I need to earn to buy a home in Falcon Heights?
To comfortably afford the median home price of $424,763 with a 20% down payment ($84,953) at today's rates (6.8%), you'd need a gross annual income of approximately $112,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Falcon Heights compare to the national average home price?
The national median home value is approximately $410,000. At $424,763, homes in Falcon Heights are 4% above the national average.
What metro area is Falcon Heights part of?
Falcon Heights is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.