Market Overview
Home Prices in Falkner, MS
The median home value in Falkner, MS is $162,714 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Falkner are priced60% below average.
Over the past five years, Falkner home values have risen by approximately4.6%, reflecting modest growth in this market.
Price History
Falkner Home Price Trend
2021
$155,538
$156K
—
2022
$167,028
$167K
+7.4%
2023
$150,112
$150K
-10.1%
2024
$154,442
$154K
+2.9%
2025
$158,441
$158K
+2.6%
2026
$162,714
$163K
+2.7%
City Comparison
Falkner vs. National Median
🏠 Falkner
$162,714
National Median
$410,000
At $162,714, homes in Falkner cost 60% below the national median of $410,000. This makes Falkner a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Falkner?
20% Down Payment
$32,543
on $162,714
Monthly P&I
$849/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,078/mo
incl. taxes & insurance
Income Needed
$43,120
gross annual (30% rule)
10% Down Option
$16,271
+ PMI applies
Loan Amount (20% dn)
$130,171
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 Falkner, MS?
The median home value in Falkner is $162,714 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Falkner?
Over the past year, home values in Falkner have increased by 2.7%. Over five years, prices have risen approximately 4.6%.
How much do I need to earn to buy a home in Falkner?
To comfortably afford the median home price of $162,714 with a 20% down payment ($32,543) at today's rates (6.8%), you'd need a gross annual income of approximately $43,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Falkner compare to the national average home price?
The national median home value is approximately $410,000. At $162,714, homes in Falkner are 60% below the national average.