The median home in Falmouth, Michigan is valued at $184,602, up 1.9% year over year. Falmouth is part of the Cadillac, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$184,602

+1.9%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$36,920 on $184,602

Example: $75,000 household income. Change it above to see your own.

Affordable20.9% of income

Under the 28% guideline.

PITI$1,304

P/I20.9%

Afford$248K

Room+$63K

P&I $933Tax $237Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Falmouth with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Cadillac, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cadillac, MI metro.

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Falmouth, MI