Falmouth, ME—04105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falmouth, ME
As of Oct '25, the median home price in Falmouth, ME is $872,000, with a year-over-year change of -0.2%. This indicates that home prices in Falmouth, ME are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $872,000 | -0.2% |
| Single Family | $910,000 | 0.0% |
| Condos | $749,000 | -0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $604,000 | 0.2% |
3 Bed | $798,000 | -0.6% |
4 Bed | $1,091,000 | 0.4% |
| 5 Bed | $1,528,000 | 1.3% |
% of Housing Stock
Rental Trends — Falmouth, ME
As of July '25, Rentcast reports the average rent in Falmouth, ME is $2,810, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Falmouth, ME is 1-bedrooms: $2,250, 2-bedrooms: $2,780, 3-bedrooms: $3,200, 4-bedrooms: $5,500. The most common rental property sizes in Falmouth, ME are 1-bedroom and 2-bedroom, accounting for 39.3% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,250 | $2,250 |
| 2 Bed Rent | $2,700 | $2,780 |
| 3 Bed Rent | $3,000 | $3,200 |
| 4 Bed Rent | $5,500 | $5,500 |
% of Rental Stock
Property Listings — Falmouth, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Falmouth, ME is 63. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,050,000 | 20.0% |
Listing Count | 59 | 24.0% |
| Listings as % of Homes | 0.4% | 24.0% |
Days on Market | 63 | -4.0% |
Demographics — Falmouth, ME
As of the latest ACS Survey released in 2023, Falmouth, ME has a population of 12,600, which has increased by 6.4% over the past 5 years. Falmouth, ME is a moderately popular place for families, as children make up 24.1% of the population. The area has a highly educated workforce, with 70.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | 6.4% |
% Under 18 | 24.1% | -2.4% |
% Seniors | 23.9% | 26.5% |
% WFH | 28.8% | 238.8% |
% w/ College Degree | 70.5% | 2.9% |
As of the latest ACS Survey released in 2023, Falmouth, ME is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Falmouth, ME is hispanic, making up 4.3% of the population. Foreign-born residents account for 8.1% of the population in Falmouth, ME, and this percentage has increased by 39.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.7% | -7.6% |
% Black | 0.1% | 0.0% |
% Hispanic | 4.3% | 437.5% |
% Asian | 1.6% | -54.3% |
% Foreign Born | 8.1% | 39.7% |
Mortgage and Risk — Falmouth, ME
According to HUD data as of 2023, there were 306 mortgage originations in Falmouth, ME, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Falmouth, ME. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 306 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Falmouth, ME
As of 2024, the percent of homes in Falmouth, ME under the Section 8 program is 13.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Falmouth, ME, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $2,250 | $2,140 |
| 2 Bedroom | $50 | $2,700 | $2,750 |
| 3 Bedroom | $370 | $3,000 | $3,370 |
| 4 Bedroom | -$1,720 | $5,500 | $3,780 |
Affordability — Falmouth, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $872,000 |
| Median Household Income | $132,000 |