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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 $271,480, lower than the Illinois average of $300,242.
The average cost of rent is $802/mo in Falmouth, primarily driven by the current value of real estate in the Falmouth area. In Falmouth, 30.97% of households rent, and 56.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falmouth is $6,271 per month. Households that rent pay about 12.79% of their income on rent here. Falmouth’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rose Hill, IL: higher priced homes
- Newton, IL: less expensive homes
- Lis, IL: less expensive homes
- Wendelin, IL: less expensive homes
- Willow Hill, IL: less expensive homes
- Hidalgo, IL: equally priced homes
- Boos, IL: less expensive homes
- Yale, IL: less expensive homes
- Wheeler, IL: less expensive homes
- Ste. Marie, IL: less expensive homes
Cities with Similar Populations
- Popes Creek, MD: higher priced homes
- Neskowin, OR: higher priced homes
- Netawaka, KS: equally priced homes
- New Chicago, MT: higher priced homes
- New City, IL: equally priced homes
- New Harmony, OH: less expensive homes
- New Holland Crossroads, SC: less expensive homes
- New Millport, PA: less expensive homes
- Plainfield Center, NY: less expensive homes
- Plevna, MT: equally priced homes
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