The typical owner-occupied home in North Falmouth is worth about $715,300, 27% above the Massachusetts median of $562,100 and 2.1 times the national median of $332,700. Owners pay a median $4,702 a year in property taxes, about 0.66% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $121,509 a year, so the median home costs 5.9 times the median income (5.4 times for Massachusetts). 86% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
North Falmouth at a glance
| North Falmouth | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $715,300 | $562,100 | $332,700 |
| Median property tax paid per year | $4,702 | $5,992 | $3,119 |
| Property tax as a share of value | 0.66% | 1.07% | 0.94% |
| Median household income | $121,509 | $103,960 | $80,734 |
| Homes lived in by their owners | 86% | 63% | 65% |
| Owner homes with a mortgage | 53% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,133 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 21.9% | 21.0% |
| Median rent | $2,339 | $1,762 | $1,413 |
| Rent as a share of renters' income | 23.9% | 30.9% | 30.6% |
| Median year homes were built | 1972 | 1964 | 1980 |
| Vacant homes | 56.1% | 8.1% | 10.1% |
| Population | 2,838 | 7,044,056 | 334,922,499 |
What a typical home costs per month in North Falmouth
At this week's average 30-year rate of 7.11%, buying the median North Falmouth home of $715,300 with 20% down costs about $4,541 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,733, 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 $194,613 for the 20%-down payment. That payment is 45% of the median North Falmouth household income of $121,509; at that income and 20% down, the 28% guideline points to a home of about $447,000.
The median rent here is $2,339 a month, so owning the median home costs about $2,202 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $143,060 |
|---|---|
| Loan amount | $572,240 |
| Principal and interest | $3,850 |
| Property taxes (0.66% a year) | $393 |
| Homeowners insurance (our estimate, 0.5% a year) | $298 |
| PMI | $0 |
| Total per month | $4,541 |
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| Down payment | $25,036 |
|---|---|
| Loan amount | $702,344 |
| Principal and interest | $4,725 |
| Property taxes (0.66% a year) | $393 |
| Homeowners insurance (our estimate, 0.5% a year) | $298 |
| FHA mortgage insurance | $316 |
| Total per month | $5,733 |
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Questions about home buying in North Falmouth
What is the median home value in North Falmouth?
About $715,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in North Falmouth?
Homeowners pay a median $4,702 a year, which is about 0.66% 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 North Falmouth?
For the median home with 20% down at 7.11%, the payment is about $4,541 a month. Keeping that under 28% of gross income takes about $194,613 a year.
More about North Falmouth
- Mortgage Refinance in North Falmouth
- Debt Relief in North Falmouth
- Home Equity Loans in North 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