Falcon Heights, MN
Population 5,145 · Minnesota
About Falcon Heights, MN
Falcon Heights is a small community in Minnesota with a population of 5,145 residents. The median household income is $93,233 per year, which is above the national average. The median age in Falcon Heights is 35.8 years.
Housing in Falcon Heights has a median home value of $366,800 and median monthly rent of $1,200. Of the 2,148 total housing units, the majority are owner-occupied, with 1,205 owner-occupied and 836 renter-occupied units.
The unemployment rate in Falcon Heights is 5.3% and the poverty rate is 7.8%. 74.0% of residents hold a bachelor's degree or higher. The average commute time is 22.9 minutes.
How Falcon Heights Ranks in Minnesota
Cost of Living in Falcon Heights, MN
Compared to national averages, Falcon Heights has a median household income of $93,233 (24% above the national median of $75,149). Home values average $366,800, which is 50% above the national median. Monthly rent at $1,200 is 3% above the US average of $1,163. Within Minnesota, Falcon Heights's income is 26% above the state average of $74,221, and home values are 79% above the state median of $204,472.
Why Live in Falcon Heights, MN?
Falcon Heights offers a strong local economy with a median household income of $93,233, well above the national average, and a well-educated community where 74.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.8%, better than the national average. Additionally, the city features short commute times averaging just 22.9 minutes.
Falcon Heights has a population of 5,145 with a median age of 35.8 years. Compare Falcon Heights with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Falcon Heights
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Oaks | 5,175 | $235,858 | $756,300 | Compare |
| Morris | 5,092 | $63,807 | $185,200 | Compare |
| Redwood Falls | 5,075 | $61,947 | $162,000 | Compare |
| La Crescent | 5,266 | $82,109 | $244,500 | Compare |
| Lake City | 5,021 | $76,125 | $234,100 | Compare |
| Princeton | 4,988 | $52,450 | $212,200 | Compare |
| Montevideo | 5,303 | $65,724 | $137,600 | Compare |
| Circle Pines | 4,980 | $96,477 | $277,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Falcon Heights
What is the population of Falcon Heights, MN?
The population of Falcon Heights, MN is 5,145 according to the latest Census data.
What is the median household income in Falcon Heights?
The median household income in Falcon Heights, MN is $93,233 per year.
What is the median home value in Falcon Heights?
The median home value in Falcon Heights, MN is $366,800.
What is the average rent in Falcon Heights?
The median monthly rent in Falcon Heights, MN is $1,200.
What is the unemployment rate in Falcon Heights?
The unemployment rate in Falcon Heights, MN is 5.3%.