Falcon Lake Estates, TX
Population 1,037 · Texas
About Falcon Lake Estates, TX
Falcon Lake Estates is a small town located in Texas with a population of 1,037 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,589 per year, which is 17% below the national median of $75,149. The median age of 34.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Falcon Lake Estates features a median home value of $146,600, which is 40% below the national median of $244,900. This makes Falcon Lake Estates one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $645, 45% below the national average of $1,163/month. Of the 553 total housing units, 79% are owner-occupied (341 units) and 21% are renter-occupied (89 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Falcon Lake Estates shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 30.0%, above the national average of 12.4%. Workers in Falcon Lake Estates have an average one-way commute time of 25.7 minutes.
Education & Demographics
13.8% of Falcon Lake Estates 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 83.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 20.0% of the population being foreign-born.
Cost of Living in Falcon Lake Estates, TX
Compared to national averages, Falcon Lake Estates has a median household income of $62,589 (17% below the national median of $75,149). Home values average $146,600, which is 40% below the national median. Monthly rent at $645 is 45% below the US average of $1,163. Within Texas, Falcon Lake Estates's income is 14% below the state average of $72,726, and home values are 31% below the state median of $211,769.
Why Live in Falcon Lake Estates, TX?
Falcon Lake Estates offers affordable housing with a median home value of $146,600, below the US average of $244,900, and rent that’s lower than the national average at $645/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($62,589) that falls below the national average. However, Falcon Lake Estates’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Falcon Lake Estates has a population of 1,037 with a median age of 34.4 years. Compare Falcon Lake Estates with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Falcon Lake Estates
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Batesville | 1,033 | $26,227 | $52,000 | Compare |
| Milford | 1,033 | $0 | $145,000 | Compare |
| Robert Lee | 1,033 | $33,413 | $59,400 | Compare |
| Markham | 1,042 | $60,272 | $144,400 | Compare |
| Seco Mines | 1,029 | $39,315 | $0 | Compare |
| Grangerland | 1,046 | $68,056 | $278,200 | Compare |
| Lakeshore Gardens-Hidden Acres | 1,020 | $0 | $206,800 | Compare |
| Arp | 1,055 | $59,219 | $99,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Falcon Lake Estates With Other Cities
Frequently Asked Questions about Falcon Lake Estates
What is the population of Falcon Lake Estates, TX?
The population of Falcon Lake Estates, TX is 1,037 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Falcon Lake Estates?
The median household income in Falcon Lake Estates, TX is $62,589 per year, which is 17% below the national median of $75,149.
What is the median home value in Falcon Lake Estates?
The median home value in Falcon Lake Estates, TX is $146,600, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Falcon Lake Estates?
The median monthly rent in Falcon Lake Estates, TX is $645, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Falcon Lake Estates?
The unemployment rate in Falcon Lake Estates, TX is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Falcon Lake Estates, TX a good place to live?
Falcon Lake Estates offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,037 and a median age of 34.4, the city appeals to young professionals and families.
How educated is Falcon Lake Estates, TX?
13.8% of residents in Falcon Lake Estates 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 Falcon Lake Estates?
Key cost-of-living indicators for Falcon Lake Estates, TX: median home value is $146,600 (40% below national), median rent is $645/month, and median household income is $62,589. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Falcon Lake Estates?
The poverty rate in Falcon Lake Estates, TX is 30.0%, 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 Falcon Lake Estates, TX?
Falcon Lake Estates's population is 83.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.0% two or more races. 20.0% of residents are foreign-born.