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Affordable
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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 $148,267, lower than the Michigan average of $250,415.
The average cost of rent is $976/mo in Falmouth, primarily driven by the current value of real estate in the Falmouth area. In Falmouth, 10.55% of households rent, and 60.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Falmouth is $4,413 per month. Households that rent pay about 22.12% of their income on rent here. Falmouth’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prosper, MI: equally priced homes
- Vogel Center, MI: equally priced homes
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- Houghton Lake Heights, MI: equally priced homes
- Marion, MI: equally priced homes
- McBain, MI: higher priced homes
- Lake City, MI: higher priced homes
- Houghton Lake, MI: equally priced homes
- Temple, MI: equally priced homes
- Pisgah Heights, MI: higher priced homes
Cities with Similar Populations
- Beaver Meadows, PA: equally priced homes
- Thompson, MO: higher priced homes
- Sutton, AK: higher priced homes
- Sunbury, NC: higher priced homes
- Brasstown, NC: higher priced homes
- Stillmore, GA: less expensive homes
- Boreman, WV: higher priced homes
- Bomoseen, VT: higher priced homes
- Bloomfield, PA: higher priced homes
- Bland, MO: higher priced homes
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