Falcon is an unincorporated community exurb in El Paso County, Colorado, United States.

A railroad hub in the early 20th century, the town spent several decades as a quiet ranching community until it experienced rapid residential growth throughout the 1990s which has continued increasingly through today.

[2] The U.S. Post Office in Peyton, Colorado (ZIP Code 80831) serves Falcon postal addresses.

The Falcon Land and Town Company, associated with the Chicago Rock Island Railroad, were selling lots to individuals.

By 1896, there were two hotels, a newspaper, six saloons, a pool hall, stockyards, two train depots, two general stores, a blacksmith shop and a school.

A 1935 flood washed out the Colorado & Southern tracks, which weren't rebuilt, and the Rock Island railroad junction closed.

Falcon is primarily a region of semi-arid steppe grassland, and has a dry season in the fall and spring with a monsoon period towards the end of summer.

The Black Squirrel Creek Bridge, a property listed on the National Register of Historic Places, is located between Falcon and Peyton, Colorado.