Falmouth, MA—02540
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Falmouth, MA
As of Oct '25, the median home price in Falmouth, MA is $1,042,000, with a year-over-year change of -1.8%. This indicates that home prices in Falmouth, MA are decreasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,042,000 | -1.8% |
| Single Family | $1,117,000 | -1.7% |
| Condos | $643,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $543,000 | -5.1% |
2 Bed | $705,000 | -2.9% |
3 Bed | $1,019,000 | -2.3% |
4 Bed | $1,273,000 | -1.0% |
| 5 Bed | $1,967,000 | 0.2% |
% of Housing Stock
Rental Trends — Falmouth, MA
As of July '25, Rentcast reports the average rent in Falmouth, MA is $4,300, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Falmouth, MA is 1-bedrooms: $2,900, 3-bedrooms: $3,800, 4-bedrooms: $4,920. The most common rental property sizes in Falmouth, MA are 1-bedroom and 2-bedroom, accounting for 38.9% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $4,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,900 | $2,900 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,800 |
| 4 Bed Rent | $3,500 | $4,920 |
% of Rental Stock
Property Listings — Falmouth, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Falmouth, MA is 67. This is a increase of 14.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,100,000 | -10.0% |
Listing Count | 72 | 15.0% |
| Listings as % of Homes | 0.6% | 15.0% |
Days on Market | 67 | 14.0% |
Demographics — Falmouth, MA
As of the latest ACS Survey released in 2023, Falmouth, MA has a population of 8,350, which has remained stable by -0.4% over the past 5 years. Falmouth, MA is a less popular place for families, as children make up 11.5% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,350 | -0.4% |
% Under 18 | 11.5% | -17.3% |
% Seniors | 43.2% | 14.9% |
% WFH | 22.5% | 192.2% |
% w/ College Degree | 58.7% | 0.5% |
As of the latest ACS Survey released in 2023, Falmouth, MA is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Falmouth, MA is hispanic, making up 4.5% of the population. Foreign-born residents account for 11.8% of the population in Falmouth, MA, and this percentage has increased by 4.4% 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 | 84.3% | -6.2% |
% Black | 1.1% | -59.3% |
% Hispanic | 4.5% | 400.0% |
% Asian | 2.7% | -6.9% |
% Foreign Born | 11.8% | 4.4% |
Mortgage and Risk — Falmouth, MA
According to HUD data as of 2023, there were 141 mortgage originations in Falmouth, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Falmouth, MA. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 5.0% |
% Second Loans | 35.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Falmouth, MA
Falmouth, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 434 |
Total Units Section 8 | 280 |
% Rentals under Section 8 | 19.8% |
% Occupied Section 8 | 72.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,450 | $2,900 | $1,450 |
| 2 Bedroom | N/A | N/A | $1,900 |
| 3 Bedroom | -$1,170 | $3,500 | $2,330 |
| 4 Bedroom | -$820 | $3,500 | $2,680 |
Affordability — Falmouth, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.9 |
| Median Home Price | $1,042,000 |
| Median Household Income | $88,300 |