The story of this market
The typical home in Falcon Heights, Minnesota sells for about $399,761, or $245 per square foot.
Prices are down 5.3% from a year ago, which gives buyers more room to negotiate. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,202 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Falcon Heights, Minnesota
The Falcon Heights housing market is currently very competitive, characterized by low inventory and rapid turnover, with homes selling in a median of 7 days. While median prices have seen a slight year-over-year decline, the market remains robust due to the city's desirable location and institutional stability. Demand is driven by proximity to the University of Minnesota and the city's reputation for safety and quality of life.
No ARED county foreclosure postings attributed to Falcon Heights yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved down 5.3% year over year.
Homes spend a median of 7 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 7.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A massive regional attraction that hosts the annual state fair, drawing millions of visitors and serving as a central cultural landmark for the city.
A historic golf course owned by the University of Minnesota, providing significant green space and recreational opportunities for the community.
Falcon Heights is an ideal fit for university-affiliated professionals, families seeking a quiet suburban environment, and those who value proximity to both Minneapolis and St. Paul. Its stable housing market and strong community identity appeal to long-term residents and those looking for a balanced, accessible location.
The city is served by the Roseville Area School District, which is generally well-regarded for its academic programming and student support services. Residents have access to a variety of public educational options within the district, which maintains a stable reputation in the Twin Cities metro area.
The city is well-connected to the broader Twin Cities metro area via major highway corridors, facilitating efficient commutes to downtown Minneapolis and St. Paul. Public transit options are available, providing access to regional bus networks.
The city features significant green space, including proximity to the University of Minnesota golf facilities and various local parks. Residents benefit from easy access to the Minnesota State Fairgrounds, which serves as a major regional amenity and cultural anchor.
The rental market is characterized by steady demand, influenced by the presence of university students and faculty. Vacancy rates remain relatively low, and the market is primarily composed of smaller multi-family units and single-family rentals.
The local economy is heavily influenced by the University of Minnesota's St. Paul campus, which provides a stable base of employment and research activity. The area benefits from its central location within the Twin Cities, supporting a mix of professional and service-oriented industries.
Economic momentum is anchored by the proximity to the University of Minnesota's St. Paul campus, which serves as a major institutional employer and research hub. Development is largely infill-focused, maintaining the city's established residential character while supporting local commercial needs.
Development activity is primarily focused on small-scale residential and commercial infill projects, consistent with the city's established suburban density. There are no major, large-scale infrastructure projects currently altering the city's fundamental layout.
Parcels in Falcon Heights are subject to standard municipal, county, and school district levies, with no unique special assessment districts like MUDs or PIDs reported.
Falcon Heights is generally considered a safe community, frequently cited in local media as one of the safer areas in the region. Crime rates remain low, and the city maintains a quiet, suburban character despite its proximity to major urban centers.
The city faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather events. There are no unique, high-risk geological or wildfire hazards reported for the area, and standard property insurance coverage is readily available.
Property insurance markets in the area are stable, with premiums reflecting standard regional risks associated with Midwestern weather patterns.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Data retrieved from Census Reporter and American Factbook profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
County linkage populates as this city's member ZIP reports roster beneath it.
No ZIP intel reports rostered under this city yet — property dossiers roll up through the ZIP tier, so the chain populates as the county refreshes discover them.