Falcon Heights, MN Real Estate
According to census data in the year 2000 there were 2,129 housing units in Falcon Heights.
This represents a 3.5% growth from 2,057 in 1990.
Of those housing units, 2,129 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Falcon Heights is about 58.3%.
Falcon Heights's vacancy rate, including seasonal lodging, is about 1.6%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Falcon Heights were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 23.50% |
| Two Bedrooms | 28% |
| Three Bedrooms | 30.40% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $161,400 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1965 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 46.90% |
| Debt Free | 35% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
