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Falmouth, MI—49632

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$201,000
7.4% YoY Growth
Household Income
$47,300
6.8% YoY Growth
Days on Market
24
288.0% Longer YoY
Home Price Forecast
0.7%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Falmouth, MI

As of May '26, the median home price in Falmouth, MI is $201,000, with a year-over-year change of 7.4%. This indicates that home prices in Falmouth, MI are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$201,0007.4%
Single Family $202,0008.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.0%
    1 Bedroom
    10.2%
    2 Bedrooms
    35.0%
    3 Bedrooms
    35.8%
    4 Bedrooms
    12.3%
    5+ Bedrooms
    2.6%

    Rental Trends — Falmouth, MI

    Falmouth, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    6.5%
    2 Bedrooms
    25.8%
    3 Bedrooms
    54.8%
    4 Bedrooms
    12.9%

    Property Listings — Falmouth, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Falmouth, MI is 24. This is a increase of 288.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$267,0003.0%
    Listing Count
    		333.0%
    Listings as % of Homes0.3%33.0%
    Days on Market
    		24288.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-Year % Change
    % White
    		95.5%-0.5%
    % Black
    		0.2%∞%
    % Hispanic
    		3.1%-11.4%
    % Asian
    		0.6%∞%
    % Foreign Born
    		2.5%-3.8%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$720
    2 BedroomN/AN/A$950
    3 BedroomN/AN/A$1,160
    4 BedroomN/AN/A$1,260

    Affordability — Falmouth, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$201,000
    Median Household Income$47,300

    Falmouth, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Merritt, MI

    49667

    McBain, MI

    49657

    Lake City, MI

    49651

    Marion, MI

    49665

    Fife Lake, MI

    49633

    Frequently Asked Questions