Market Overview
Home Prices in Falls City, OR
The median home value in Falls City, OR is $359,885 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Falls City are priced12% below average. Falls City is part of the Salem, OR metro area.
Over the past five years, Falls City home values have risen by approximately19.7%, reflecting steady appreciation in this market.
Price History
Falls City Home Price Trend
City Comparison
Falls City vs. National Median
At $359,885, homes in Falls City cost 12% below the national median of $410,000. This makes Falls City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Falls City?
20% Down Payment
$71,977
on $359,885
Monthly P&I
$1,877/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,384/mo
incl. taxes & insurance
Income Needed
$95,360
gross annual (30% rule)
10% Down Option
$35,989
+ PMI applies
Loan Amount (20% dn)
$287,908
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 Falls City, OR?
The median home value in Falls City is $359,885 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Falls City?
Over the past year, home values in Falls City have increased by 0.6%. Over five years, prices have risen approximately 19.7%.
How much do I need to earn to buy a home in Falls City?
To comfortably afford the median home price of $359,885 with a 20% down payment ($71,977) at today's rates (6.8%), you'd need a gross annual income of approximately $95,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Falls City compare to the national average home price?
The national median home value is approximately $410,000. At $359,885, homes in Falls City are 12% below the national average.
What metro area is Falls City part of?
Falls City is part of the Salem, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.