Falkner, MS
Population 786 · Mississippi
About Falkner, MS
Falkner is a small community located in Mississippi with a population of 786 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,354 per year, which is 25% below the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Falkner features a median home value of $100,300, which is 59% below the national median of $244,900. This makes Falkner one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $700, 40% below the national average of $1,163/month. Of the 353 total housing units, 92% are owner-occupied (259 units) and 8% are renter-occupied (22 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Falkner shows an unemployment rate of 12.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Falkner have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
18.1% of Falkner 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 5.0% White, 2.2% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 3.6% of the population being foreign-born.
Cost of Living in Falkner, MS
Compared to national averages, Falkner has a median household income of $56,354 (25% below the national median of $75,149). Home values average $100,300, which is 59% below the national median. Monthly rent at $700 is 40% below the US average of $1,163. Within Mississippi, Falkner's income is 13% above the state average of $49,929, and home values are 20% below the state median of $125,705.
Why Live in Falkner, MS?
Falkner offers affordable housing with a median home value of $100,300, below the US average of $244,900, and rent that’s lower than the national average at $700/month, and a low poverty rate of 8.0%, better than the national average. Additionally, the city features short commute times averaging just 19 minutes.
Potential considerations include median household income ($56,354) that falls below the national average. However, Falkner’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Falkner has a population of 786 with a median age of 39.5 years. Compare Falkner with other cities to see how it stacks up, or explore all cities in Mississippi.
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Demographics
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Economy & Education
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Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Falkner
What is the population of Falkner, MS?
The population of Falkner, MS is 786 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Mississippi.
What is the median household income in Falkner?
The median household income in Falkner, MS is $56,354 per year, which is 25% below the national median of $75,149.
What is the median home value in Falkner?
The median home value in Falkner, MS is $100,300, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Falkner?
The median monthly rent in Falkner, MS is $700, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Falkner?
The unemployment rate in Falkner, MS is 12.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Falkner, MS a good place to live?
Falkner offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 786 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Falkner, MS?
18.1% of residents in Falkner 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 Falkner?
Key cost-of-living indicators for Falkner, MS: median home value is $100,300 (59% below national), median rent is $700/month, and median household income is $56,354. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Falkner?
The poverty rate in Falkner, MS is 8.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Falkner, MS?
Falkner's population is 5.0% White, 2.2% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 6.5% two or more races. 3.6% of residents are foreign-born.