The typical owner-occupied home in Falls City is worth about $174,100, 39% below the Texas median of $283,800 and 48% below the national median of $332,700. Owners pay a median $1,371 a year in property taxes, about 0.79% of their home's value, lower than the Texas rate of 1.49%. The median household earns $56,339 a year, so the median home costs 3.1 times the median income (3.6 times for Texas). 73% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Falls City at a glance
| Falls City | Texas | U.S. | |
|---|---|---|---|
| Median home value | $174,100 | $283,800 | $332,700 |
| Median property tax paid per year | $1,371 | $4,232 | $3,119 |
| Property tax as a share of value | 0.79% | 1.49% | 0.94% |
| Median household income | $56,339 | $78,476 | $80,734 |
| Homes lived in by their owners | 73% | 63% | 65% |
| Owner homes with a mortgage | 53% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,560 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 30.1% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 14.7% | 30.9% | 30.6% |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 11.0% | 9.4% | 10.1% |
| Population | 541 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Falls City
At this week's average 30-year rate of 7.11%, buying the median Falls City home of $174,100 with 20% down costs about $1,124 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,414, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $48,176 for the 20%-down payment. That payment is 24% of the median Falls City household income of $56,339; at that income and 20% down, the 28% guideline points to a home of about $204,000.
| Down payment | $34,820 |
|---|---|
| Loan amount | $139,280 |
| Principal and interest | $937 |
| Property taxes (0.79% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| PMI | $0 |
| Total per month | $1,124 |
Change the numbers in the calculator
| Down payment | $6,094 |
|---|---|
| Loan amount | $170,947 |
| Principal and interest | $1,150 |
| Property taxes (0.79% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $73 |
| FHA mortgage insurance | $77 |
| Total per month | $1,414 |
Change the numbers in the calculator
Questions about home buying in Falls City
What is the median home value in Falls City?
About $174,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Falls City?
Homeowners pay a median $1,371 a year, which is about 0.79% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Falls City?
For the median home with 20% down at 7.11%, the payment is about $1,124 a month. Keeping that under 28% of gross income takes about $48,176 a year.
More about Falls City
- Mortgage Refinance in Falls City
- Debt Relief in Falls City
- Home Equity Loans in Falls City
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data