Falmouth Real Estate
LIVING IN FALMOUTH
Falmouth is a medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 30,993 people and seven constituent neighborhoods, Falmouth is the 52nd largest community in Massachusetts.
Housing costs in Falmouth are among some of the highest in the nation, although real estate prices here don’t compare to real estate prices in the most expensive communities in Massachusetts.
With a population of 30,993, 13,821 total housing units (homes and apartments), and a median house value of $468,684, real estate costs in Falmouth are among some of the highest in the nation, although house prices here don’t compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Falmouth, accounting for 84.49% of the town’s housing units. Other types of housing that are prevalent in Falmouth include duplexes, homes converted to apartments or other small apartment buildings ( 6.24%), large apartment complexes or high rise apartments ( 5.66%), and a few row houses and other attached homes ( 3.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Falmouth. Owner-occupied housing accounts for 76.82% of Falmouth’s homes, and 64.43% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Falmouth built from 1970 to 1999 so parts of town may have that “Brady Bunch” look of homes popular in the ’70s and early ’80s, although some of these houses were built up through the early ’90s as well. There is also a lot of housing in Falmouth built between 1940-1969 ( 29.31%). A lesser amount of the housing stock also hails from before 1939 ( 14.27%). There’s also some housing in Falmouth built between 2000 and later ( 9.67%).
A decent proportion of the Falmouth housing stock is seasonally occupied. That is, homes and condos in Falmouth are occupied by people for a portion of the year – mainly for vacation purposes – and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Falmouth housing market speaks to its popularity as a vacation location of choice.