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 Type | 0.90% |
| One Bedroom | 5.40% |
| Two Bedrooms | 10.20% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 29.70% |
| Five Bedrooms or more | 6.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $133,700 |
| Median Price asked for vacant units | $155,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $575 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.50% |
| Second Mortgage | 17.20% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 49.70% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
