Falmouth appreciation rates and housing market information

Falmouth housing market information

With 10,310 people, 4,169 houses or apartments, and a median cost of homes of $471,949, Falmouth house prices are not only among the most expensive in Maine, Falmouth real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Falmouth, accounting for 81.15% of the town's housing units. Other types of housing that are prevalent in Falmouth include large apartment complexes or high rise apartments (6.57%), duplexes, homes converted to apartments, or other small apartment buildings (6.48%), and a few row houses and other attached homes (5.40%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Falmouth. Owner-occupied housing accounts for 78.96% of Falmouth's homes, and 61.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Falmouth built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Falmouth built from 1940-1969 (29.74%). A lesser amount of the housing stock also hails from 1939 and earlier (24.95%), and some were built from 1995 and later (24.95%).

Falmouth home appreciation rates

In the last 10 years, Falmouth has experienced some of the highest home appreciation rates of any community in the nation. Falmouth real estate appreciated 116.09% over the last ten years, which is an average annual home appreciation rate of 11.60%, putting Falmouth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Falmouth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Falmouth appreciation rates have trailed the rest of the nation. In the last twelve months, Falmouth's appreciation rate has been -1.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Falmouth were at 0.69%, which equates to an annual appreciation rate of 2.76%.

Relative to Maine, our data show that Falmouth's latest annual appreciation rate is higher than 37% of the other cities and towns in Maine.