Falmouth, KY—41040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falmouth, KY
As of Oct '25, the median home price in Falmouth, KY is $201,000, with a year-over-year change of 3.1%. This indicates that home prices in Falmouth, KY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | 3.1% |
| Single Family | $200,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | -1.9% |
3 Bed | $211,000 | 1.0% |
4 Bed | $240,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Falmouth, KY
Falmouth, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Falmouth, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Falmouth, KY is 36. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | 9.0% |
Listing Count | 20 | 46.0% |
| Listings as % of Homes | 0.3% | 46.0% |
Days on Market | 36 | 31.0% |
Demographics — Falmouth, KY
As of the latest ACS Survey released in 2023, Falmouth, KY has a population of 7,000, which has decreased by -3.1% over the past 5 years. Falmouth, KY is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,000 | -3.1% |
% Under 18 | 20.4% | -8.5% |
% Seniors | 18.2% | 32.8% |
% WFH | 5.2% | 173.7% |
% w/ College Degree | 13.5% | 64.6% |
As of the latest ACS Survey released in 2023, Falmouth, KY is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Falmouth, KY is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.1% of the population in Falmouth, KY, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.1% | -1.6% |
% Black | 1.1% | 120.0% |
% Hispanic | 1.5% | -31.8% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 1.1% | 0.0% |
Mortgage and Risk — Falmouth, KY
According to HUD data as of 2023, there were 152 mortgage originations in Falmouth, KY, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Falmouth, KY. Investor activity is low, as 1.0% 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 | 152 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Falmouth, KY
Falmouth, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 117 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 92.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Falmouth, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $201,000 |
| Median Household Income | $51,500 |