The Most Affordable Neighborhoods in Falmouth, FL by Home Value

These days, finding an affordable place to live in the Falmouth area can be challenging. Home prices in Falmouth are now at a median cost of $121,190, lower than the Florida average of $396,783.

The average cost of rent is $757/mo in Falmouth, primarily driven by the current value of real estate in the Falmouth area. In Falmouth, 18.90% of households rent, and 70.30% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Falmouth is $3,551 per month. Households that rent pay about 21.32% of their income on rent here. Falmouth’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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