Falmouth, MI—49632
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falmouth, MI
As of Oct '25, the median home price in Falmouth, MI is $185,000, with a year-over-year change of -4.1%. This indicates that home prices in Falmouth, MI are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | -4.1% |
| Single Family | $185,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Falmouth, MI
Falmouth, MI 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, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Falmouth, MI is 100. This is a decrease of -42.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $238,000 | 3.0% |
Listing Count | 4 | 78.0% |
| Listings as % of Homes | 0.3% | 78.0% |
Days on Market | 100 | -42.0% |
Demographics — Falmouth, MI
As of the latest ACS Survey released in 2023, Falmouth, MI has a population of 1,010, which has decreased by -7.8% over the past 5 years. Falmouth, MI is a moderately popular place for families, as children make up 17.3% 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 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,010 | -7.8% |
% Under 18 | 17.3% | -30.2% |
% Seniors | 36.4% | 105.6% |
% WFH | 4.8% | 54.8% |
% w/ College Degree | 13.5% | 39.2% |
As of the latest ACS Survey released in 2023, Falmouth, MI is a predominantly white area, with 95.5% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Falmouth, MI is hispanic, making up 3.1% of the population. Foreign-born residents account for 2.5% of the population in Falmouth, MI, and this percentage has decreased by 3.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.5% | -0.5% |
% Black | 0.2% | ∞% |
% Hispanic | 3.1% | -11.4% |
% Asian | 0.6% | ∞% |
% Foreign Born | 2.5% | -3.8% |
Mortgage and Risk — Falmouth, MI
According to HUD data as of 2023, there were 43 mortgage originations in Falmouth, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Falmouth, MI. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Falmouth, MI
Falmouth, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Falmouth, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $185,000 |
| Median Household Income | $47,300 |