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City Report · ME

Falmouth

Pop. 1,585·1st most expensive in Maine·One of the pricier rental markets in the US
Median rent (all units)
$3,242/mo
Year-over-Year
Stable
Month-over-Month
-2.7%
vs US Median
+$1,277
Falling (Monthly)
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Most AffordableMost Expensive
Falmouth · $3,242
More expensive than 93% of US cities · National median $1,965/mo
Affordability
38% of income
MODERATE
0%30% benchmark60%+

At $3,242/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.

Income to afford
$130,000/yr
Local median income
$101,484/yr
Based on the 30%-of-income rule using Falmouth's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,890
1 BR
$2,140
2 BR
$2,750
3 BR
$3,370
4 BR+
$3,780
Research median
$2,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$38,904/yr
At $3,242/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.7% MoM), not inventory.
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Demographics

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.

Population
1,585
Median income
$101,484
Median age
59.5
Renters
31.7%
Age distribution
16.9%
12.5%
16.8%
17.5%
36.3%
Under 1816.9%
18–3412.5%
35–5416.8%
55–6417.5%
65+36.3%
Gender
43%
57%
Male43%
Female57%
Race & ethnicity
85.4%
White85.4%
Black1.8%
Hispanic3.5%
Asian1.3%
Other8%
Education (25+)
13.3%
16.9%
69.3%
No HS diploma0.5%
HS diploma13.3%
Some college16.9%
Bachelor's+69.3%
Housing tenure
68.3%
31.7%
Owner68.3%
Renter31.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Falmouth, ME has changed in 5 years

Income
$104,100 → $101,484
down 2.5%
Population
1,728 → 1,585
down 8.3%
Renter share
29.3% → 31.7%
+2.4 pts
Bachelor's+
62.4% → 69.3%
+6.9 pts
Median age
50.7 → 59.5
+8.8 yrs

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.

Community

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View Falmouth rent history (2015–2026) →
Salary vs rent

Can you afford rent in Falmouth on your salary?

At $3,242/mo, how Falmouth rent compares to typical pay (30% rule).

By apartment size

Falmouth rent by bedroom count

Median rent for each apartment size in Falmouth. Click any size for full breakdown.

Local insights

Tips for renters in Falmouth

About renting in Falmouth, ME

Last updated: July 20, 2026

The median rent in Falmouth is $3,242/mo as of July 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 38% 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.

FAQ

Frequently asked questions

Is Falmouth an affordable city for renters?

Falmouth is considered moderate for renters. At $3,242/mo, rent takes approximately 38% of the local median household income ($101,484/yr). The standard benchmark is 30%. Falmouth slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Falmouth?

To keep rent at or below 30% of gross income, you would need to earn at least $130,000/year (~$63/hour full-time) to afford the median rent of $3,242/mo in Falmouth. The local median household income is $101,484/yr, meaning the typical Falmouth household falls short of that threshold.

Is rent going up or down in Falmouth?

Rent in Falmouth has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Falmouth rent compare to other cities in Maine?

Falmouth is one of the pricier cities in Maine for rent, ranking #1 out of 25 tracked cities at $3,242/mo.

Which nearby cities are cheaper to rent in than Falmouth?

Several nearby cities have lower median rents than Falmouth ($3,242/mo): Portland ($2,429/mo), Yarmouth ($2,455/mo), South Portland ($2,533/mo).

What percentage of Falmouth residents rent vs. own?

According to Census data, approximately 31.7% of Falmouth households are renters, while 68.3% are owner-occupied. Falmouth leans toward homeownership, which can mean a smaller rental inventory.

How does Falmouth rent compare to the national average?

Falmouth's median rent of $3,242/mo is $1,277 (65%) above the US national median of $1,965/mo. Within Maine, it ranks #1 out of 25 tracked cities.
Income Affordability
38%
MODERATE

At $3,242/mo, rent takes ~38% of Falmouth's median household income ($101,484/yr). The standard benchmark is 30%.

Falmouth 38%Benchmark 30%
State income tax5.8–7.15%
Run the Falmouth affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Falmouth, ME

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