At $3,025/mo, rent takes about 36% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,025 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Falmouth, ME is majority owner-occupied, has a large retiree population, has a median income above the national average, 69.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Falmouth, ME has changed in 5 years
Local incomes tracked alongside that move, going from a median of $104,100 in 2021 to $101,484 more recently. Census counts show Falmouth, ME losing about 143 residents over the five-year window, down 8.3% on net. The renter share has risen from 29.3% to 31.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 62.4% to 69.3% across the same window.
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Can you afford rent in Falmouth on your salary?
At $3,025/mo, how Falmouth rent compares to typical pay (30% rule).
Falmouth rent by bedroom count
Median rent for each apartment size in Falmouth. Click any size for full breakdown.
Tips for renters in Falmouth
Last updated: August 17, 2026
The median rent in Falmouth is $3,025/mo as of August 2026. A studio apartment averages $1,890/mo while a 2-bedroom runs $2,750/mo. One-bedroom apartments average $2,140/mo and 3-bedroom units go for $3,370/mo.
At 36% of local median household income ($101,484/yr), Falmouth ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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What percentage of Falmouth residents rent vs. own?
How does Falmouth rent compare to the national average?
At $3,025/mo, rent takes ~36% of Falmouth's median household income ($101,484/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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