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Falmouth, VA Real Estate


According to census data in the year 2000 there were 1,401 housing units in Falmouth. This represents a 8.9% growth from 1,286 in 1990.

Of those housing units, 1,375 were located in either urbanized areas or urban clusters, and 26 were located in what is classified as a rural area.

Homeownership rate in Falmouth is about 72.4%. Falmouth's vacancy rate, including seasonal lodging, is about 5.7%. Average household size is 2.68 people.

The majority of houses, apartments or condos in Falmouth were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom5.40%
Two Bedrooms10.20%
Three Bedrooms47.60%
Four Bedrooms29.70%
Five Bedrooms or more6.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1974
Median Value of occupied units$133,700
Median Price asked for vacant units$155,000

Rented Homes, Apartments and Condos

Average Household Size2.97
Median year structure was built1973
Median Monthly Rent asked for vacant units$575

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.50%
Second Mortgage17.20%
Home Equity Loan8.70%
Simple Mortgage49.70%
Debt Free22.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%