Falkville, AL—35622
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falkville, AL
As of Oct '25, the median home price in Falkville, AL is $189,000, with a year-over-year change of -0.1%. This indicates that home prices in Falkville, AL are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $189,000 | -0.1% |
| Single Family | $189,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $216,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Falkville, AL
As of July '25, Rentcast reports the average rent in Falkville, AL is $1,450, with a year-over-year rent change of 56.8%. Detailed rent data by bedroom size is not available for Falkville, AL. The most common rental property sizes in Falkville, AL are 3-bedroom and 2-bedroom, accounting for 72.3% and 14.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Falkville, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Falkville, AL is 44. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | -19.0% |
Listing Count | 18 | -9.0% |
| Listings as % of Homes | 0.2% | -9.0% |
Days on Market | 44 | 46.0% |
Demographics — Falkville, AL
As of the latest ACS Survey released in 2023, Falkville, AL has a population of 6,530, which has decreased by -17.1% over the past 5 years. Falkville, AL is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 12.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,530 | -17.1% |
% Under 18 | 22.9% | -4.6% |
% Seniors | 23.5% | 25.0% |
% WFH | 2.4% | 118.2% |
% w/ College Degree | 12.1% | 5.2% |
As of the latest ACS Survey released in 2023, Falkville, AL is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Falkville, AL is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.7% of the population in Falkville, AL, and this percentage has increased by 112.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.5% | -3.8% |
% Black | 1.1% | 83.3% |
% Hispanic | 3.5% | 288.9% |
% Asian | 1.3% | 116.7% |
% Foreign Born | 1.7% | 112.5% |
Mortgage and Risk — Falkville, AL
According to HUD data as of 2023, there were 88 mortgage originations in Falkville, AL, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Falkville, AL. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Falkville, AL
Falkville, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Falkville, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $189,000 |
| Median Household Income | $53,400 |