Home prices
The price of the median home in Falkville is $86,800. Compared to other places in this area it is approximately $40,040 (31%) lower.It is roughly $130,700 (60%) lower compared to the nation as a whole, and in comparison to the city of Birmingham is about $4,300 (4%) lower.
Rents
In Falkville the median rent is $692 per month. It is about $50 (7%) higher in comparison to nearby areas.Compared to the entire nation it is approximately $370 (34%) lower, and is roughly $145 (17%) lower compared to the city of Birmingham.
Nearby places
Hartselle
Hartselle is Falkville's neighbor to the north. Its real estate prices are significantly more expensive. The median home cost in Hartselle is $148,600, which is $61,800 (41%) higher than Falkville. Rents there are similar. The median rent in Hartselle is $681 per month, which is $11 (1%) lower than Falkville.
Somerville
Somerville is approximately 8 miles northeast of Falkville. Its housing prices are fairly similar. The median home in Somerville costs $90,800, which comes out to $4,000 (4%) higher than Falkville. Rents there are a little less expensive. Somerville's median monthly rent is $594, which is $98 (16%) lower than Falkville.
South Vinemont
South Vinemont is approximately 10 miles south from Falkville. Its housing prices are a bit more expensive. South Vinemont's median home price is $98,800, which works out to $12,000 (12%) higher than Falkville. Rents there are fairly similar. The median monthly rent in South Vinemont is $695, which is very similar to Falkville.
Decatur
Decatur is roughly 14 miles north from Falkville. Real estate prices there are significantly more expensive. The value of the median home in Decatur is $134,500, which is $47,700 (35%) higher than Falkville. Rent there is somewhat less expensive. The median monthly rent in Decatur is $655, which is $37 (5%) lower than Falkville.
Fairview
Fairview is approximately 14 miles southeast from Falkville. The housing prices there are significantly more expensive. The value of the median home in Fairview is $161,500, which works out to $74,700 (46%) higher than Falkville. Rent there is a bit less expensive. Fairview's median monthly rent is $585, which is $107 (18%) lower than Falkville.
