Quick facts: Falconer, NY

Quick Facts

113.7
Cost of Living
above US average
2,262
Population
32.27
Crime Rate per 1000
above US average
$50,625
Median Income
below US average
$145,900
Median House Price
above US average
$1600.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,625.

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Income Needed to Buy

βœ“ Affordable
$46k/year
Based on $145,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,625) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1600.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $50,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Falconer, NY

Falconer, NY, is a charming village located in Chautauqua County, in the western part of the state. Nestled within the scenic beauty of the Southern Tier region, Falconer is known for its small-town charm, friendly community, and a rich history that dates back to the 19th century. The village is situated just a few miles from the larger city of Jamestown, allowing residents to enjoy the amenities of urban life while maintaining a close-knit community atmosphere. Falconer features a variety of local parks and recreational areas, perfect for outdoor activities such as hiking, picnicking, and sports. The village is also home to various local businesses, shops, and eateries that reflect its unique character. Falconer is closely associated with the nearby Roger Tory Peterson Institute of Natural History, which highlights the region's commitment to conservation and education. With a population of just over 2,000 residents, Falconer boasts a strong sense of community and pride. The village offers a range of annual events and activities, fostering a sense of belonging among its residents. Overall, Falconer provides a peaceful and inviting environment, making it an ideal place for families and individuals seeking a slower pace of life.

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