The typical owner-occupied home in West Falmouth is worth about $823,200, 46% above the Massachusetts median of $562,100 and 2.5 times the national median of $332,700. Owners pay a median $5,459 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 $77,292 a year, so the median home costs 10.7 times the median income (5.4 times for Massachusetts). 86% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
West Falmouth at a glance
| West Falmouth | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $823,200 | $562,100 | $332,700 |
| Median property tax paid per year | $5,459 | $5,992 | $3,119 |
| Property tax as a share of value | 0.66% | 1.07% | 0.94% |
| Median household income | $77,292 | $103,960 | $80,734 |
| Homes lived in by their owners | 86% | 63% | 65% |
| Owner homes with a mortgage | 48% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $3,325 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 23.7% | 21.9% | 21.0% |
| Median rent | $1,745 | $1,762 | $1,413 |
| Median year homes were built | 1973 | 1964 | 1980 |
| Vacant homes | 39.6% | 8.1% | 10.1% |
| Population | 1,325 | 7,044,056 | 334,922,499 |
What a typical home costs per month in West Falmouth
At this week's average 30-year rate of 7.11%, buying the median West Falmouth home of $823,200 with 20% down costs about $5,226 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,730, 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 $223,969 for the 20%-down payment. That payment is 81% of the median West Falmouth household income of $77,292; at that income and 20% down, the 28% guideline points to a home of about $284,000.
The median rent here is $1,745 a month, so owning the median home costs about $3,481 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $164,640 |
|---|---|
| Loan amount | $658,560 |
| Principal and interest | $4,430 |
| Property taxes (0.66% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| PMI | $0 |
| Total per month | $5,226 |
Change the numbers in the calculator
| Down payment | $28,812 |
|---|---|
| Loan amount | $808,290 |
| Principal and interest | $5,437 |
| Property taxes (0.66% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| FHA mortgage insurance | $496 |
| Total per month | $6,730 |
Change the numbers in the calculator
Questions about home buying in West Falmouth
What is the median home value in West Falmouth?
About $823,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in West Falmouth?
Homeowners pay a median $5,459 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 West Falmouth?
For the median home with 20% down at 7.11%, the payment is about $5,226 a month. Keeping that under 28% of gross income takes about $223,969 a year.
More about West Falmouth
- Mortgage Refinance in West Falmouth
- Debt Relief in West Falmouth
- Home Equity Loans in West 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