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Falls City, NE
Full City Profile · Nebraska · Richardson County County
3.1
/5.0
B
Good
4,099
Population
1,231/sq mi density
$45,750
Median Income
$32,552 per capita
$91,900
Home Value
$105,252 Zillow
$713
Median Rent
25.8% income on rent
53°F
Avg Temperature
275 sunny days/yr
194
Violent Crime/100K
1,065 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$45,750 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$91,900 home value, $713/mo rent
F
Safety
1.0 / 5.0
194 violent crimes/100K
C+
Education
3.0 / 5.0
24.4% bachelor's degree or higher
Housing Overview
Median Home Value
$91,900
67% below
US avg: $281,900
Median Rent
$713/mo
39% below
US avg: $1,163/mo
Homeownership Rate
69.6%
6% above US avg (65.4%)
Total Housing Units
2,030
Median year built: 1951
Home Value by Source
Census Median
$91,900
Zillow (ZHVI)
$105,252
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.6%
Owner-Occupied
30.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent:
$713/mo
Affordability & Housing Stock
Rent Burden
25.8%
of renters spending 30%+ of income on housing
17% below US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
69.6%
Complete Housing Data
Home Values
| Census Median Value | $91,900 |
| Zillow Home Value (ZHVI) | $105,252 |
Rent
| Census Median Rent | $713 |
| FMR Studio | $706 |
| FMR 1-Bedroom | $791 |
| FMR 2-Bedroom | $1,001 |
| FMR 3-Bedroom | $1,274 |
| FMR 4-Bedroom | $1,409 |
Market
Ownership & Stock
| Owner-Occupied | 69.6% |
| Renter-Occupied | 30.4% |
| Homeownership Rate | 69.6% |
| Total Housing Units | 2,030 |
| Median Year Built | 1951 |
| Rent Burden | 25.8% |