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Falmouth, KY Real Estate


According to census data in the year 2000 there were 990 housing units in Falmouth. This represents a 11.1% decline from 1,114 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 990 were located in what is classified as a rural area.

Homeownership rate in Falmouth is about 62%. Falmouth's vacancy rate, including seasonal lodging, is about 13.6%. Average household size is 2.3 people.

The majority of houses, apartments or condos in Falmouth were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom17.80%
Two Bedrooms34.50%
Three Bedrooms36.80%
Four Bedrooms8.70%
Five Bedrooms or more1.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1957
Median Value of occupied units$71,000
Median Price asked for vacant units$60,000

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1958
Median Monthly Rent asked for vacant units$370

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.10%
Home Equity Loan5.90%
Simple Mortgage46.60%
Debt Free41.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%