Falkville, AL
Population 1,464 · Alabama
About Falkville, AL
Falkville is a small town located in Alabama with a population of 1,464 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,145 per year, which is 43% below the national median of $75,149. The median age of 56 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Falkville features a median home value of $118,300, which is 52% below the national median of $244,900. This makes Falkville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $666, 43% below the national average of $1,163/month. Of the 512 total housing units, 80% are owner-occupied (361 units) and 20% are renter-occupied (93 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Falkville shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.5%, above the national average of 12.4%. Workers in Falkville have an average one-way commute time of 21.2 minutes.
Education & Demographics
6.4% of Falkville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.2% White, 3.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 7.5% of the population being foreign-born.
Cost of Living in Falkville, AL
Compared to national averages, Falkville has a median household income of $43,145 (43% below the national median of $75,149). Home values average $118,300, which is 52% below the national median. Monthly rent at $666 is 43% below the US average of $1,163. Within Alabama, Falkville's income is 26% below the state average of $57,952, and home values are 26% below the state median of $159,358.
Why Live in Falkville, AL?
Falkville offers affordable housing with a median home value of $118,300, below the US average of $244,900, and rent that’s lower than the national average at $666/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features short commute times averaging just 21.2 minutes.
Potential considerations include median household income ($43,145) that falls below the national average. However, Falkville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Falkville has a population of 1,464 with a median age of 56 years. Compare Falkville with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Falkville
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Smoke Rise | 1,469 | $120,100 | $223,200 | Compare |
| Hayden | 1,453 | $80,625 | $233,500 | Compare |
| Samson | 1,477 | $31,964 | $77,700 | Compare |
| Elmore | 1,482 | $33,958 | $97,000 | Compare |
| Ardmore | 1,444 | $43,542 | $183,600 | Compare |
| Carbon Hill | 1,440 | $22,283 | $78,200 | Compare |
| New Brockton | 1,440 | $69,135 | $180,800 | Compare |
| Sulligent | 1,440 | $30,625 | $132,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Falkville With Other Cities
Frequently Asked Questions about Falkville
What is the population of Falkville, AL?
The population of Falkville, AL is 1,464 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alabama.
What is the median household income in Falkville?
The median household income in Falkville, AL is $43,145 per year, which is 43% below the national median of $75,149.
What is the median home value in Falkville?
The median home value in Falkville, AL is $118,300, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Falkville?
The median monthly rent in Falkville, AL is $666, which is 43% below the national average of $1,163/month.
What is the unemployment rate in Falkville?
The unemployment rate in Falkville, AL is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Falkville, AL a good place to live?
Falkville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,464 and a median age of 56, the city appeals to established professionals and retirees.
How educated is Falkville, AL?
6.4% of residents in Falkville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Falkville?
Key cost-of-living indicators for Falkville, AL: median home value is $118,300 (52% below national), median rent is $666/month, and median household income is $43,145. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Falkville?
The poverty rate in Falkville, AL is 14.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Falkville, AL?
Falkville's population is 1.2% White, 3.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 4.6% two or more races. 7.5% of residents are foreign-born.