Falkville, AL Profile: Facts & Data

The primary coordinate point for Falkville is located at latitude 34.3684 and longitude -86.9086 in Morgan County. The formal boundaries for the Town of Falkville encompass a land area of 3.78 sq. miles and a water area of 0.02 sq. miles. Morgan County is in the Central time zone (GMT -6). The elevation is 604 feet.

The Town of Falkville (GNIS ID: 2406488) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alabama is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Falkville is located within Falkville Division of Morgan County.

Falkville, AL Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	1,257 (100%)
Population in Households	985 (78.4%)
Population in Families	823 (65.5%)
Population in Group Quarters¹	272 (21.6%)
Population Density	333
Diversity Index²	23


INCOME
Median Household Income	$42,547
Average Household Income	$58,210
% of Income for Mortgage⁴	9%
Per Capita Income	$18,474
Wealth Index⁵	47

HOUSING
Total HU (Housing Units)	437 (100%)
Owner Occupied HU	238 (54.5%)
Renter Occupied HU	145 (33.2%)
Vacant Housing Units	54 (12.4%)
Median Home Value	$91,667
Average Home Value	$131,224
Housing Affordability Index³	305

HOUSEHOLDS
Total Households	383
Average Household Size	2.57
Family Households	268
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Falkville, AL - Peer Comparisons by Rank and Percentile

The table below compares Falkville to the other 586 incorporated cities, towns and CDPs in Alabama by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	-0.17%	-0.05%
Households	-0.1%	-0.05%
Families	-0.22%	-0.15%
Median Household Income		1.69%
Per Capita Income		1.78%
Owner Occupied HU		-0.17%

Variable Description	Rank	Percentile
Total Population	# 285	52nd
Population Density	# 215	63rd
Median Household Income	# 285	52nd
Housing Affordability Index	# 508	87th
Per Capita Income	# 488	17th
Diversity Index	# 433	26th

Falkville, AL Profile: Facts & Data

Falkville, Alabama - Basic Facts

Falkville, AL Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Falkville, AL - Peer Comparisons by Rank and Percentile

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