The Most Affordable Neighborhoods in Falmouth, MA by Home Value

 

Falmouth, MA Map of Most Affordable Neighborhoods
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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 $524,461, higher than the Massachusetts average of $477,554.

The average cost of rent is $1,060/mo in Falmouth, primarily driven by the current value of real estate in the Falmouth area. While nearly 47.29% of residents own their homes outright in Falmouth, 45.29% rent.

Housing affordability isn’t just about home prices, though. The average household income in Falmouth is $4,771 per month. Households that rent pay about 22.22% of their income on rent here. Falmouth's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.


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