MI area data
Falmouth, MI
Falmouth, MI.
Population: 1,067 (Census ACS)
The median home value in Falmouth, MI is $202,304 — up 8.3% over the past year. Homes sell for a median $196,100 after a median 120 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with winterweather the top-rated hazards. Cost of living is 8.0% below the US average (BEA, metro/state-level).
$202,304
Median home value
+8.3%
1-year change
120
Median days on market
Very Low
Hazard risk (county)
Home values & appreciation
- Median home value
- $202,304
- 1-year appreciation
- +8.3%
- 3-year appreciation
- +0.3%
- 5-year appreciation
- +6.6%
- 10-year appreciation
- +75.9%
- All-time peak (2022-06)
- $210,536
- House Price Index (state)
- 387.5 (+5.5% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $196,100
- Median list price
- $199,900
- Median price per sqft
- $178
- Median days on market
- 120 days
- Homes sold (recent period)
- 3
- Sale-to-list ratio
- 95.4%
- Active listings
- 1
- 1-year forecast
- +1.2%
Source: recent area sales and market data (ZIP-level)
Rents
- Studio fair-market rent
- $823/mo
- 1BR fair-market rent
- $1,029/mo
- 2BR fair-market rent
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
- 4BR fair-market rent
- $1,891/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Natural hazards & flood risk
- Overall hazard risk (county)
- Very Low
- Top hazards (county)
- winterWeather
- Notable hazard ratings (county)
- coldWave: Relatively Low · hail: Relatively Low · lightning: Relatively Low · strongWind: Relatively Low · winterWeather: Relatively Moderate
- FEMA flood zone
- X
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 25% of US counties
- Buildings in wildfire direct-exposure zone
- 72.7%
- Radon potential (county)
- Low radon potential — EPA Zone 3 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Northernaire Plating (22 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 44.0°F
- Average high
- 55.0°F
- Average low
- 33.0°F
- Annual precipitation
- 35.1 in
- Annual snowfall
- 74.5 in
- USDA plant hardiness zone
- 5a (extreme annual low -20 to -15°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 48
- Days with Good air quality
- 203
- Days with Moderate air quality
- 153
- Days with Unhealthy air quality
- 1
- Highest AQI recorded (year)
- 201
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 3.5 / 20
- Transit service frequency
- -99,999
- Jobs reachable by car (30 min)
- 721
- Jobs reachable by transit (45 min)
- 852
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- Airports within 30 mi
- 14
- Nearest airport
- Houghton Lake State Airport (11 mi)
- Hospitals nearby (~15 mi)
- 1
- Hospitals include
- MUNSON HEALTHCARE CADILLAC HOSPITAL
- Avg hospital rating (CMS)
- 4.0 / 5
- Best hospital rating nearby (CMS)
- 4.0 / 5
- Solar radiation rating
- Fair (3.7 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- +77 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,977
- Housing built before 1970
- 35.8%
- Housing built 2000 or later
- 12.2%
- Median annual property tax
- $1,239
- Mean commute to work
- 25 min
- Households with broadband internet
- 32.1%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 3,509
- Average weekly wage
- $879
- Top industries (by employment)
- Agriculture, Construction, Accommodation & Food
- Annual residential building permits (county)
- 35
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| Falmouth | State median | US median | |
|---|---|---|---|
| Median home value | $202,304 | $246,351 | $289,727 |
| Median sale price | $196,100 | $265,000 | $325,000 |
| Median days on market | 120 days | 36 days | 51 days |
| Median annual property tax | $1,239 | $2,175 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in Falmouth, MI?
- $202,304.
- What is the median sale price in Falmouth, MI?
- $196,100.
- How long do homes take to sell in Falmouth, MI?
- Median days on market: 120 days.
- What is typical rent in Falmouth, MI?
- 2-bedroom fair-market rent: $1,261/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
- What is the natural-hazard risk in Falmouth, MI?
- Overall risk: Very Low (FEMA NRI, county-level). Top hazards: winterWeather.
- Is Falmouth, MI in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in Falmouth, MI?
- Risk to homes is higher than 25% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in Falmouth, MI?
- Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near Falmouth, MI?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- Is Falmouth, MI walkable?
- Walkability index: 3.5/20 (EPA Smart Location Database).
- What is the air quality in Falmouth, MI?
- Good. Median AQI: 48. (EPA AQI).
- What is the cost of living in Falmouth, MI?
- Regional Price Parity: 92.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
ZIP code for Falmouth
Selling a home in Falmouth, MI?
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →