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Falcon Heights, MN

Full City Profile · Minnesota · Dakota County County

3.8 /5.0
B+ Good
5,145 Population 2,307/sq mi density
$93,233 Median Income $50,868 per capita
$366,800 Home Value $403,548 Zillow
$1,200 Median Rent 30.8% income on rent
45°F Avg Temperature 270 sunny days/yr
90 Violent Crime/100K 1,857 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$93,233 median income, 3.7% unemployment
A
Affordability
4.5 / 5.0
$366,800 home value, $1,200/mo rent
F
Safety
1.0 / 5.0
90 violent crimes/100K
A+
Education
5.0 / 5.0
74.0% bachelor's degree or higher

Housing Overview

Median Home Value
$366,800
30% above
US avg: $281,900
Median Rent
$1,200/mo
3% above
US avg: $1,163/mo
Homeownership Rate
59.0%
10% below US avg (65.4%)
Total Housing Units
2,155
Median year built: 1958

Home Value by Source

Census Median
$366,800
Zillow (ZHVI)
$403,548
Median Sale Price
$370,000
Median List Price
$382,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

59.0%
Owner-Occupied
41.0%
Renter-Occupied
59%
41%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,200/mo

Market Indicators (Redfin)

Median Days on Market
84 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$235
Active Inventory
3
homes for sale

Affordability & Housing Stock

Rent Burden
30.8%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
59.0%

Complete Housing Data

Home Values

Census Median Value$366,800
Zillow Home Value (ZHVI)$403,548
Median Sale Price$370,000
Median List Price$382,000
Price Per Sq Ft$235

Rent

Census Median Rent$1,200
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market84
Sale-to-List Ratio1.0%
Price Drops33.3%
Homes Sold3
Active Inventory3
Price Per Sq Ft$235

Ownership & Stock

Owner-Occupied59.0%
Renter-Occupied41.0%
Homeownership Rate59.0%
Total Housing Units2,155
Median Year Built1958
Rent Burden30.8%