Falkville, AL housing market
The typical Falkville home is worth about $206,000, up 1.1% in a year, 15% below the Alabama typical home.
Home values, sales, trends and how Falkville compares with the towns next door — updated as new data is published.
Falkville at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Falkville | Alabama |
|---|---|---|
| 2017 | $122,000 | $147,000 |
| 2018 | $128,000 | $152,000 |
| 2019 | $133,000 | $158,000 |
| 2020 | $147,000 | $170,000 |
| 2021 | $166,000 | $188,000 |
| 2022 | $190,000 | $215,000 |
| 2023 | $189,000 | $228,000 |
| 2024 | $197,000 | $233,000 |
| 2025 | $206,000 | $238,000 |
| 2026 | $204,000 | $239,000 |
| August 2026 | $206,000 | $242,000 |
14 new homes permitted in 2025
Builders were permitted 14 new homes in Falkville in 2025: 1 single-family house and 13 in buildings with two or more homes, worth about $1 million to build. That's 8.7 per 1,000 residents, faster than across Alabama (5.4). Over the past 10 years, Falkville has permitted 32 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Falkville's population fell by 82 even though 3 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Alabama: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 0 | 5 | $450,000 |
| 2025 | 14 | 1 | 13 | $1 million |
| 2024 | 1 | 1 | 0 | $316,000 |
| 2023 | 12 | 0 | 12 | $540,000 |
| 2022 | 5 | 1 | 4 | $260,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $219,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $146,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $100,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 1 | 1 | 0 | $110,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 6 | 0 | 6 | $100,000 |
| 2002 | 1 | 1 | 0 | $141,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Falkville and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Falkville | $206K | +1.1% | $1,000 | 14 | $46,888 |
| Hartselle | $250K | +1.8% | $950 | 42 | $76,290 |
4.4 years of income
The typical Falkville home costs about 4.4 years of the town's median household income, more than across Alabama (3.8 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Falkville is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Falkville pay a median of $693, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $790 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (35622, 35640; Decatur, AL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Falkville
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.