Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.7 yrs |
|---|---|
| Avg HH Size | 2.26 |
| Below Poverty | 9.9% ≈ Avg |
| College Grads | 23.1% ▼ 40% below avg |
| Unemployment | 4.1% ▼ 16% below avg |
| No HS Diploma | 13 (1.9%) |
| HS Graduate | 308 (44.1%) |
| Some College | 106 (15.2%) |
| Associates | 110 (15.8%) |
| Bachelors | 56 (8%) |
| Graduate Degree | 105 (15%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $47,321 ▼ 38% below avg |
|---|---|
| Median Home Value | $125,300 ▼ 55% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $850/mo |
| Total Housing Units | 742 |
| Vacant Units | 300 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Falmouth is a city in Michigan, located in Missaukee County. The city spans 1 ZIP code and is home to approximately 1,010 residents. It is a mature city, with a median age of 54.7 years.
Economically, Falmouth is a working-class community. The median household income of $47,321 is below the national average. Approximately 9.9% of residents live below the poverty line. The unemployment rate is 4.1%, below the national average.
The real estate market in Falmouth is one of the more affordable housing markets in the country. Median home values stand at $125,300, which is well below the national average. Renters typically pay around $850 per month. Homeownership is high at 93.0%, typical of suburban and family-oriented communities.
The population of Falmouth is less-educated. 23.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (95.54%).
Falmouth, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49632 | 1,010 | $47,321 | $125,300 | $850 | 4.1% | 23.1% | 93.0% |