Real Estate Investing in Falmouth, Massachusetts (02556)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02556 (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: 63.9% 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 42.6 — 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 (02556)?
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Market Analysis: 02556 Falmouth
ZIP 02556 inside Barnstable County looks affordable on the surface — median value of $1.1M — but the discount exists for reasons that a careful buyer should understand before committing.
Meanwhile, the numbers look inviting — $1.1M purchase price, 0.0% nominal cap — the work to hit that pro forma in 02556 is substantial and deserves full respect.
In practical terms, 02556 offers a low basis, the region around Falmouth has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From an investor standpoint, 2,586 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Falmouth:
Property Strategy for 02556
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $667,268 | $2,320 | 2.5% | +9.7% | $333,634 |
| 3BR | $936,811 | $2,860 | 2.2% | +10.2% | $312,270 |
| 4BR | $1,239,569 | $3,290 | 1.9% | +11.2% | $309,892 |
| 5BR | $1,730,040 | — | — | +10.6% | $346,008 |
Market Trends
Home Value History (with trend line)
📊 How Does 02556 Compare?
| Metric | 02556 | Falmouth | Barnstable Town, MA | Massachusetts |
|---|---|---|---|---|
| Home Value | $1,066,882 | $1,113,640 | N/A | $645,115 |
| 5-Year CAGR | 6.0% | 6.8% | N/A | 7.0% |
| Avg Rent | $2,088 | $2,041 | N/A | - |
| Cap Rate | 1.5% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02556 (Falmouth, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,066,882 |
| Monthly Rent | $2,088 |
| Price-to-Rent | 42.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.5% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (1.5%). 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 02556
Population: 2,586
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 02556
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
Frequently Asked Questions
What is the typical home price in Falmouth, MA?
Homes in Falmouth, MA typically sell near $1.1M. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Do rentals sit vacant long in Falmouth, MA?
Expect elevated vacancy in Falmouth, MA. Rents at $2,088/mo are absorbed by the tenant base without meaningful lag.
Can I live-in-and-rent in Falmouth, MA?
The house hack math a tougher in Falmouth, MA. Owner-occupant buyers benefit from the $2,088/mo rents and $1.1M home values.
What is the typical rental rate in Falmouth, MA?
Investors in Falmouth, MA typically see rents near $2,088/mo per month against $1.1M home values - a solid setup for rental cash flow.
How qualified is the tenant pool in Falmouth, MA?
Expect a solid tenant pool in Falmouth, MA. The rental market absorbs $2,088/mo rents without meaningful friction.
You know 02556 now. You don’t know where it ranks.
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How 02556 ranks in Barnstable Town, MA
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