Falcon Heights, Minnesota.
Typical home $411,146 (+2.3% in a year), asking rent $1,312 . Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$982 (+84%) since Jan 2020.
- 1 year
- Up $9,080 +2%
- $402,066$411,146 since Sep 2025
- 5 years
- Up $34,070 +9%
- $377,076$411,146 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Falcon Heights$2,158
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 40 years.
Typical home values in Falcon Heights, MN rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Falcon Heights, Ramsey County, Minnesota
Falcon Heights is a city of 5,369 people in Ramsey County. Half its households earn more than $96,528 a year and half less, against $81,568 across Ramsey County; 8% of its people live below the poverty line. 57% of its homes are lived in by their owners and 43% are rented. Unemployment in Ramsey County was 5.0% in August 2026, and the county had 1.7% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Falcon Heights is a small city in Ramsey County, home to a population with a younger median age than many Minnesota communities and incomes above the county's. Most homes are lived in by their owners, though a good number of households rent. Far more adults have a four-year degree than across the country as a whole, a high level of schooling. Winters are cold and snowy, with January the coldest month, while July brings warm days and the year sees a fair amount of rain and melted snow.
Work. Residents work mostly in schools, hospitals and social care, with many others in professional and business services, manufacturing and shops. Among the largest workplaces in Falcon Heights are the Minnesota State Fair, Falcon Heights Elementary School and Fairview Health Services. Joblessness across Ramsey County is a little higher than a year ago, while the number of jobs has edged up. A fair number of residents work from home, and the typical commute is a modest one.
Things to do. Allianz Field, a stadium, is in or beside town, as is Huntington Bank Stadium. A short drive away are the Minneapolis Institute of Art, a museum, and Target Field, another stadium. Saint Anthony Falls, a waterfall on the river, is also a short drive away.
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- 2,039households
- 73%of adults have a degree
- 8%below the poverty line
- 22 mintypical commute
- 29%work from home
What residents work in
Employed residents by industry, from the Census survey. Ramsey County had 330,908 jobs in 2025, 1.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 21° and lows near 6°; warmest in July, with highs near 81° and lows near 63°. About 40 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the U Of Mn St. Paul weather station, under a mile away (NOAA).
Largest workplaces in Falcon Heights
- Minnesota State FairAmusement parks348
- John A. Knutson & Co., PLLPAccounting services, certified public72
- NDX HoldingsDental laboratories68
- Falcon Heights Elementary SchoolElementary and secondary schools56
- Fairview Health Services26
- Forest ServiceFederal government · Department of Agriculture26
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 5 workplaces with 20 or more staff, 570 people in all. Federal offices come from OPM's federal workforce data (2026). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- Heat wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Falcon Heights’ census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Ramsey County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Falcon Heights home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Falcon Heights$411,146
- Minnesota$348,778
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Falcon Heights12
New listings per month
Sellers arriving at the market.
- Falcon Heights7
Zip codes with a Falcon Heights address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Falcon Heights — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.