Quick facts: Falls creek, PA

Quick Facts

101.5
Cost of Living
above US average
1,016
Population
29.53
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$27,500
Median House Price
above US average
$1511
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 $50,000.

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Income Needed to Buy

βœ“ Affordable
$9k/year
Based on $27,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1511/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Falls creek, PA

Falls Creek is a quaint borough located in Jefferson County, Pennsylvania. Nestled in the scenic landscape of the Allegheny Plateau, it has a small-town charm with a close-knit community atmosphere. The town is primarily residential, featuring a mix of historic homes and newer developments. Falls Creek is near the larger town of Dubois, which offers additional amenities and services, including shopping, dining, and recreational activities. The surrounding area is characterized by lush forests, outdoor recreational opportunities, and serene natural beauty, making it a great spot for hiking, fishing, and exploring nature. The borough is served by the Brookville Area School District, providing educational opportunities for local youth. Falls Creek also hosts community events that foster local unity and celebrate the region's heritage. Overall, Falls Creek presents a peaceful living environment with easy access to natural attractions and the conveniences of nearby towns.

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