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Falkville, AL
Full City Profile · Alabama · Morgan County County
2.8
/5.0
C+
Fair
1,464
Population
344/sq mi density
$43,145
Median Income
$23,092 per capita
$118,300
Home Value
$197,985 Zillow
$666
Median Rent
22.4% income on rent
60°F
Avg Temperature
301 sunny days/yr
124
Violent Crime/100K
2,280 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$43,145 median income, 1.3% unemployment
A+
Affordability
5.0 / 5.0
$118,300 home value, $666/mo rent
F
Safety
1.0 / 5.0
124 violent crimes/100K
D
Education
1.5 / 5.0
6.4% bachelor's degree or higher
Housing Overview
Median Home Value
$118,300
58% below
US avg: $281,900
Median Rent
$666/mo
43% below
US avg: $1,163/mo
Homeownership Rate
79.5%
22% above US avg (65.4%)
Total Housing Units
519
Median year built: 1973
Home Value by Source
Census Median
$118,300
Zillow (ZHVI)
$197,985
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.5%
Owner-Occupied
20.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$716/mo
1 Bedroom
$772/mo
2 Bedroom
$936/mo
3 Bedroom
$1,206/mo
4 Bedroom
$1,381/mo
Census median rent:
$666/mo
Affordability & Housing Stock
Rent Burden
22.4%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
79.5%
Complete Housing Data
Home Values
| Census Median Value | $118,300 |
| Zillow Home Value (ZHVI) | $197,985 |
Rent
| Census Median Rent | $666 |
| FMR Studio | $716 |
| FMR 1-Bedroom | $772 |
| FMR 2-Bedroom | $936 |
| FMR 3-Bedroom | $1,206 |
| FMR 4-Bedroom | $1,381 |
Market
Ownership & Stock
| Owner-Occupied | 79.5% |
| Renter-Occupied | 20.5% |
| Homeownership Rate | 79.5% |
| Total Housing Units | 519 |
| Median Year Built | 1973 |
| Rent Burden | 22.4% |