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Falcon Heights, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Falcon Heights, Minnesota had a total population of 5,085, the 148th largest city in Minnesota, with a median household income of $96,528, which is 8% higher than the state average. The poverty rate is 7.5%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Falcon Heights Quick Facts

Population 5,085
Median Household Income $96,528
Median Home Value $384,500
Poverty Rate 7.5%
Unemployment Rate 4.8%
Median Age 34.4 years
Homeownership Rate 57.4%
Affordability Ratio 4.0x
Bachelor's Degree or Higher 72.9%
High School Graduation Rate 98.5%
Diversity Index 47/100
Population 5,085 148th of 914
Median Income $96,528 top 20%
Poverty Rate 7.5% 40% lower than national
Median Home Value $384,500 top 10%

How Falcon Heights Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population5,1455,085-1.2%
Median household income$93,233$96,528+3.5%
Median home value$366,800$384,500+4.8%

How Falcon Heights Compares

Economy & Housing

Household Income Distribution

Under $25K 9.0%
$25K-$50K 17.8%
$50K-$100K 24.0%
$100K+ 49.1%
Detailed income brackets
Under $10K
2.5%
$10K-$15K
0.4%
$15K-$20K
3.2%
$20K-$25K
2.8%
$25K-$30K
3.2%
$30K-$35K
3.0%
$35K-$40K
1.5%
$40K-$45K
6.5%
$45K-$50K
3.6%
$50K-$60K
4.8%
$60K-$75K
10.1%
$75K-$100K
9.1%
$100K-$125K
7.8%
$125K-$150K
10.3%
$150K-$200K
13.1%
$200K+
18.0%

Employment

4.8% Unemployment Rate State: 4.1%|National: 5.2%
71.0% Labor Force Participation

Housing Overview

Owner 57.4%
Renter 42.6%
Affordability Index Moderate
4.0x home value to income ratio
Median gross rent $1,202/mo 14.9% of median household income annually

People & Demographics

Diversity Index

47out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 41 | National average: 61

Education

Falcon Heights Rankings in Minnesota

#148 Population of 914
#167 Median Income of 887
#8 Education of 914
#83 Home Value of 870

Other Cities in Ramsey County

CityPopulationMedian IncomePovertyHome Value
St. Paul 307,284 $73,394 15.6% $294,500
Blaine 72,488 $106,801 7.2% $352,400
Maplewood 40,695 $91,394 11.2% $323,200
Roseville 35,802 $86,930 7.5% $352,100
Shoreview 26,714 $108,370 5.6% $383,700
White Bear Lake 23,908 $83,554 7.0% $331,800
New Brighton 22,710 $88,521 8.3% $364,700
Mounds View 12,926 $90,009 11.9% $324,200
Vadnais Heights 12,838 $98,685 3.9% $363,100
North St. Paul 12,570 $84,797 11.2% $298,500

Cities Similar to Falcon Heights

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Lindstrom4,978$98,226$358,10021.4%6.5%
Lonsdale4,896$95,176$357,00025.1%1.3%
Circle Pines4,968$101,800$293,60042.2%3.6%
Becker5,034$86,094$271,30019.9%9.5%
Watertown4,790$99,671$337,20022.5%7.7%

Population Overview

Falcon Heights is a small city located in Minnesota, within Ramsey County. The total population is 5,085. It ranks as the 148th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Falcon Heights is 34.4 years. This is 11% lower than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Falcon Heights is $96,528. This is 8% higher than the state median of $89,062. It is also 20% higher than the national median of $80,734. The poverty rate stands at 7.5%. This is 19% lower than the state poverty rate of 9.3%. The unemployment rate is 4.8%. This is 19% higher than the state rate of 4.1%. The median home value is $384,500. Housing costs are 17% higher than the state median of $329,300. The home-value-to-income ratio is 4.0x. 57.4% of occupied housing units are owner-occupied. This homeownership rate is 21% lower than the state average of 72.2%.

Race & Ethnicity

The largest racial or ethnic group in Falcon Heights is White (non-Hispanic), making up 71.1% of the population. Asian residents account for 13.5%. The Hispanic or Latino population (2.6%) is well below the state average of 6.4%. The Asian population is significantly higher than the state average (13.5% vs 5.1%).

Education

72.9% of residents aged 25 and older hold a bachelor's degree or higher. This places Falcon Heights in the top 10% of all cities in the state for educational attainment. This is 85% higher than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.5%. Notably, 40.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Falcon Heights, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Falcon Heights, Minnesota?

Falcon Heights, Minnesota has a population of 5,085 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Falcon Heights, MN?

The median household income in Falcon Heights is $96,528, which is 20% higher than the national median of $80,734.

What is the poverty rate in Falcon Heights, MN?

The poverty rate in Falcon Heights is 7.5%. This means approximately 356 residents live below the federal poverty line.

What is the racial makeup of Falcon Heights, Minnesota?

Falcon Heights's population is 71.1% White, 7.8% Black, 2.6% Hispanic/Latino, and 13.5% Asian.

What is the median home value in Falcon Heights, MN?

The median home value in Falcon Heights is $384,500. The home-value-to-income ratio is 4.0x.

How educated is Falcon Heights, Minnesota?

72.9% of adults (25+) in Falcon Heights hold a bachelor's degree or higher, and 40.6% hold a graduate or professional degree.