Falmouth, ME


Highest Appreciating Falmouth Neighborhoods Since 2000

Falmouth, ME Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Falmouth Housing Market Information

With a population of 11,988, 4,596 total housing units (homes and apartments), and a median house value of $436,192, 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 77.51% 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 ( 8.97%), row houses and other attached homes ( 6.60%), and a few large apartment complexes or high rise apartments ( 5.95%).

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 79.69% of Falmouth's homes, and 64.25% 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 ( 21.67%). A lesser amount of the housing stock also hails from before 1939 ( 19.99%). There's also some housing in Falmouth built between 2000 and later ( 15.09%).

Falmouth Home Appreciation Rates

Appreciation rates for homes in Falmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.60%, which ranks in the top 40% nationwide. This equates to an annual average Falmouth house appreciation rate of 0.55%.

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 2.19%, 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 0.64%, which equates to an annual appreciation rate of 2.56%.

Relative to Maine, our data show that Falmouth's latest annual appreciation rate is lower than 90% of the other cities and towns in Maine.

Average Home Values


Median Home Value:


Value Range
> $1,113,000 7.2
$834,001 - $1,113,000 4.8
$556,001 - $834,000 17.0
$445,001 - $556,000 19.3
$334,001 - $445,000 22.8
$223,001 - $334,000 19.1
$111,001 - $223,000 7.3
$56,001 - $111,000 1.6
$0 - $56,000 0.9

Very High for ME
Very High for Nation

Value Relative to Nation Value Relative to State
7.83429040196883 1.22950819672131

Number Of Homes And Apartments:

Falmouth Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
61.66% 2.82% 6 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,063 / per month

Homeownership Rate

Owners 79.69
Renters 20.31
Vacant 4.31

Housing Market Details


Age of Homes

2000 or Newer 15.1
1970 - 1999 43.2
1940 - 1969 21.7
1939 or Older 20.0

Types of Homes

Single-Family 77.5
Townhomes 6.6
Small Apt. Buildings 9.0
Apt. Complexes 6.0
Mobile Homes 1.0
Other 0.0

Home Size

No Bedroom 0.54
1 Bedroom 8.35
2 Bedrooms 19.80
3 Bedrooms 34.04
4 Bedrooms 30.21
5 or more bedrooms 7.06