The typical owner-occupied home in East Falmouth is worth about $593,000, 5% above the Massachusetts median of $562,100 and 78% above the national median of $332,700. Owners pay a median $3,544 a year in property taxes, about 0.60% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $81,464 a year, so the median home costs 7.3 times the median income (5.4 times for Massachusetts). 88% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
East Falmouth at a glance
| East Falmouth | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $593,000 | $562,100 | $332,700 |
| Median property tax paid per year | $3,544 | $5,992 | $3,119 |
| Property tax as a share of value | 0.60% | 1.07% | 0.94% |
| Median household income | $81,464 | $103,960 | $80,734 |
| Homes lived in by their owners | 88% | 63% | 65% |
| Owner homes with a mortgage | 54% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,520 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 25.2% | 21.9% | 21.0% |
| Median rent | $2,116 | $1,762 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.9% | 30.6% |
| Median year homes were built | 1973 | 1964 | 1980 |
| Vacant homes | 36.5% | 8.1% | 10.1% |
| Population | 6,245 | 7,044,056 | 334,922,499 |
What a typical home costs per month in East Falmouth
At this week's average 30-year rate of 7.11%, buying the median East Falmouth home of $593,000 with 20% down costs about $3,735 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,723, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $160,067 for the 20%-down payment. That payment is 55% of the median East Falmouth household income of $81,464; at that income and 20% down, the 28% guideline points to a home of about $302,000.
The median rent here is $2,116 a month, so owning the median home costs about $1,619 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $118,600 |
|---|---|
| Loan amount | $474,400 |
| Principal and interest | $3,191 |
| Property taxes (0.60% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $247 |
| PMI | $0 |
| Total per month | $3,735 |
Change the numbers in the calculator
| Down payment | $20,755 |
|---|---|
| Loan amount | $582,259 |
| Principal and interest | $3,917 |
| Property taxes (0.60% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $247 |
| FHA mortgage insurance | $262 |
| Total per month | $4,723 |
Change the numbers in the calculator
Questions about home buying in East Falmouth
What is the median home value in East Falmouth?
About $593,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in East Falmouth?
Homeowners pay a median $3,544 a year, which is about 0.60% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in East Falmouth?
For the median home with 20% down at 7.11%, the payment is about $3,735 a month. Keeping that under 28% of gross income takes about $160,067 a year.
More about East Falmouth
- Mortgage Refinance in East Falmouth
- Debt Relief in East Falmouth
- Home Equity Loans in East Falmouth
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data