Real Estate Investing in Falmouth, Massachusetts (02536)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02536 (Falmouth, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 27.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Falmouth, MA (02536)?
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Market Analysis: 02536 Falmouth
The 02536 ZIP covers a section of Falmouth that demands careful diligence. Prices near $731K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 02536 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 02536 and stronger Falmouth ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 02536 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 02536, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Falmouth:
Property Strategy for 02536
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $445,187 | $1,910 | 3.1% | +7.2% | $445,187 |
| 2BR | $542,565 | $2,510 | 3.3% | +10.1% | $271,282 |
| 3BR | $695,168 | $3,090 | 3.2% | +10.3% | $231,723 |
| 4BR | $817,607 | $3,550 | 3.1% | +10.4% | $204,402 |
| 5BR | $1,241,633 | — | — | +11.7% | $248,327 |
Market Trends
Home Value History (with trend line)
📊 How Does 02536 Compare?
| Metric | 02536 | Falmouth | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $730,907 | $1,113,640 | N/A | $645,115 |
| 5-Year CAGR | 6.4% | 6.8% | N/A | 7.0% |
| Avg Rent | $2,259 | $2,041 | N/A | - |
| Cap Rate | 2.4% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02536 (Falmouth, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $730,907 |
| Monthly Rent | $2,259 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02536
Population: 21,100
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02536
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 592 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Falmouth, MA?
Investors in Falmouth, MA typically see rents near $2,259/mo per month against $731K home values - a solid setup for rental cash flow.
Are tenants stable in Falmouth, MA?
Working renters make up the core of the Falmouth, MA tenant base. The pool is reasonable for investors targeting long-term holds.
What is the investability score for Falmouth, MA?
Yes - Falmouth, MA a 3.0/5 investability score. With $731K home prices against $2,259/mo monthly rent, the market delivers a reasonable entry point for new investors.
Do landlords face vacancy issues in Falmouth, MA?
Rental vacancy in Falmouth, MA is elevated. Investors should budget normal turnover but not chronic empty units.
Is house hacking profitable in Falmouth, MA?
House hacking works a challenging in Falmouth, MA. Rents of $2,259/mo against $731K acquisition make the strategy solid for owner-occupants.
You know 02536 now. You don’t know where it ranks.
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How 02536 ranks in Barnstable Town, MA
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