MI area data
Falmouth, MI
Falmouth, MI.
Population: 1,067 (Census ACS)
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
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $196,100
- Median list price
- $199,900
- Median days on market
- 120 days
- Sale-to-list ratio
- 95.4%
- Active listings
- 1
- 1-year forecast
- +1.2%
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
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%
Natural hazards & flood risk
- Overall hazard risk
- Very Low
- Top hazards
- winterWeather
- FEMA flood zone
- X
- Flood risk level
- Minimal
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
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 48
- Days with Good air quality
- 203
- Days with Unhealthy air quality
- 1
Walkability & transit
- Walkability index
- 3.5 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Houghton Lake State Airport (11 mi)
- Hospitals nearby (~15 mi)
- 1
- Avg hospital rating
- 4.0 / 5
- Solar radiation rating
- Fair (3.7 kWh/m²/day)
Migration
- Net migration
- +77 tax filers
Housing stock
- Median year housing built
- 1,977
- Median annual property tax
- $1,239
- Mean commute to work
- 25 min
- Households with broadband internet
- 32.1%
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
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →