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Falmouth, MI
Full City Profile · Michigan · Missaukee County County
2.6
/5.0
C+
Fair
189
Population
278/sq mi density
$26,058
Median Income
$21,656 per capita
$124,000
Home Value
$193,017 Zillow
$850
Median Rent
20.0% income on rent
44°F
Avg Temperature
270 sunny days/yr
565
Violent Crime/100K
3,304 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$26,058 median income, 3.9% unemployment
B+
Affordability
4.0 / 5.0
$124,000 home value, $850/mo rent
F
Safety
1.0 / 5.0
565 violent crimes/100K (49% above avg)
C
Education
2.2 / 5.0
15.4% bachelor's degree or higher
Housing Overview
Median Home Value
$124,000
56% below
US avg: $281,900
Median Rent
$850/mo
27% below
US avg: $1,163/mo
Homeownership Rate
82.0%
25% above US avg (65.4%)
Total Housing Units
117
Median year built: 1950
Home Value by Source
Census Median
$124,000
Zillow (ZHVI)
$193,017
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.0%
Owner-Occupied
18.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$850/mo
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
82.0%
Complete Housing Data
Home Values
| Census Median Value | $124,000 |
| Zillow Home Value (ZHVI) | $193,017 |
Rent
| Census Median Rent | $850 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 82.0% |
| Renter-Occupied | 18.0% |
| Homeownership Rate | 82.0% |
| Total Housing Units | 117 |
| Median Year Built | 1950 |
| Rent Burden | 20.0% |