Real Estate Investing in Falmouth, Michigan

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1 ZIP codes • Population: 1,010 • Missaukee County

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Should you buy in Falmouth, MI? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (50/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 39.0% of homes vacant — above national norms.

What’s happening in Falmouth, MI?

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2.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

1.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $202,304
Avg Monthly Rent $873
ZIP Codes 1

Investing in Falmouth Real Estate

With a sizable population across 1 ZIPs, Falmouth shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

Across Falmouth's 1 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

plainly Falmouth's sale market has not rewarded patience. better suited elsewhere for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

A an established population with $N/AK household income profile is what makes Falmouth a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Cadillac, MI

Falmouth is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Falmouth, MI. Anonymous, moderated, never written by AI.

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Avg Home Value
$202,304
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (MI)

📉 Market Crash Risk Index

Based on Cadillac, MI metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
53%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Cadillac, MI metro
0
Days to pending
8.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Falmouth, MI

Screen every ZIP in Falmouth

Filter Falmouth’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Falmouth, MI

Does house hacking work in Falmouth, MI?

House hacking in Falmouth, MI is reasonable to execute. Prices around $202K and rents of $873/mo solid owner-occupant economics.

How deep is the rental pool in Falmouth, MI?

The tenant pool in Falmouth, MI is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.

How do home values compare in Falmouth, MI?

In Falmouth, MI the median home value sits at $202K. Against the broader MI market, that reads as reasonable for most investors.

What type of investing works in Falmouth, MI?

Investors usually favor careful cash-flow rentals with hands-on management in Falmouth, MI. With home values at $202K and rents near $873/mo, other strategies can work but produce even-keeled rather than outsized returns.

Does Falmouth, MI favor landlords or tenants?

Falmouth, MI operates under MI law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.

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