Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 31,524, 13,638 total housing units (homes and apartments), and a median house value of $374,253, real estate costs in Falmouth are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Falmouth, accounting for 85.59% of the town's housing units. Other types of housing that are prevalent in Falmouth include duplexes, homes converted to apartments or other small apartment buildings ( 6.55%), large apartment complexes or high rise apartments ( 5.26%), and a few row houses and other attached homes ( 2.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Falmouth. Owner-occupied housing accounts for 75.32% of Falmouth's homes, and 61.45% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Falmouth built from 1970 to 1999 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 between 1940-1969 ( 33.58%). A lesser amount of the housing stock also hails from before 1939 ( 12.99%). There's also some housing in Falmouth built between 2000 and later ( 9.76%).
A decent proportion of the Falmouth housing stock is seasonally occupied. That is, homes and condos in Falmouth are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Falmouth housing market speaks to its popularity as a vacation location of choice.
Real estate appreciation rates in Falmouth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.
NeighborhoodScout's data show that during the latest twelve months, Falmouth's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Falmouth's appreciation rate has been 0.10%, which annualizes to a rate of 0.41%.
Relative to Massachusetts, our data show that Falmouth's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Falmouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Falmouth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Falmouth real estate investment or home purchase decisions.
|$826,001 - $1,101,000||7.2|
|$551,001 - $826,000||15.8|
|$440,001 - $551,000||14.8|
|$330,001 - $440,000||24.7|
|$220,001 - $330,000||23.1|
|$110,001 - $220,000||5.3|
|$55,001 - $110,000||0.2|
|$0 - $55,000||2.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Falmouth HOMES|
|2000 or Newer||9.8|
|1970 - 1999||43.7|
|1940 - 1969||33.6|
|1939 or Older||13.0|
|TYPE OF Falmouth HOMES|
|Small Apt. Buildings||6.5|
|SIZE OF Falmouth HOMES|
|5 or more bedrooms||7.00|