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Foreclosure Homes in Falmouth, KY

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4 View this home at Chapman Ct Falmouth KY 41040
Preforeclosure
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$66,978 EMV
Chapman Ct
Falmouth, KY 41040
Single-Family
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3 |
1
|
1,000
EST. RENT: $1,001
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AUCTION: 04-17-2024
Single-Family
|
3 |
1
|
1,000
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Falmouth, KY Foreclosures

How much do homes sell for in Falmouth, KY?
The average home price is currently $171,264.
In Falmouth, KY, how many homes are available?
There are currently 2,636 active home listings available in Falmouth.
What’s the average rental cost in Falmouth, KY?
The average rental price in Falmouth is $967.
What is the most expensive home in Falmouth, Kentucky?
The most expensive home sold in Falmouth had a price of $2,453,000.
What is currently the cheapest priced home in Falmouth, KY?
The cheapest home for sale in Falmouth is priced at $15,099.

Home Value Estimator For Falmouth, KY

There are currently 2,636 real estate properties in Falmouth, KY, with a median automated valuation model (AVM) price of $134,203.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Falmouth, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Falmouth, KY, is $171,264.00, with the most expensive house in Falmouth, KY, topping out at $2,453,000.00 and the cheapest home in Falmouth, KY, clocking in at $15,099.00. In other words, there’s something for every potential homebuyer or savvy investor in Falmouth, KY!


Rent Prices In Falmouth, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Falmouth, KY, is on a rollercoaster ride. The average rent price in Falmouth, KY, is $967.00. Indeed, when looking to rent in Falmouth, KY, you can expect to pay as little as $480.00 or as much as $2,600.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Falmouth, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Falmouth, KY In 2024

Falmouth is located in Pendleton, Kentucky, with an estimated municipal population of 2,103 residents. All of the best foreclosed homes for sale in Falmouth are located in the following zip code areas on Foreclosure.com: 41040. The estimated population per square kilometer (.62 miles) in Falmouth is 598.


Cost Of Living In Falmouth, KY

So, about how much do homes cost in Falmouth? The most recent median value of resident-owned homes in Falmouth is 74,354. An estimated 53.9 percent of households in Falmouth own their homes, with an average family size of 3.34. The median household income in Falmouth is 31,517, with6.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Falmouth, the median commute time of resident workers (in minutes) is 30.9. And last, but certainly not least, are you looking for homes to rent in Falmouth? If so, the average rent price paid by renters in Falmouth is 705, according to recent statistics.


Diversity And Demographics In Falmouth, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Falmouth, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Falmouth is 35.9, split between 45.4 percent male versus 54.6 female. The percentage of residents who report being married in Falmouth is 39.2, with an average family size of 3.34.

The percentage of residents who report their race in Falmouth is as follows:

White 97.4%
Black / African American 0.5%
Asian 0.3%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.4%
Other 0%

Looking for family-friendly neighborhoods in and/or near Falmouth? Or maybe you are searching for 55+ active adult communities in and/or near Falmouth?

The percentage of residents who report their age in Falmouth is as follows:

Under 10 15.2%
Aged 10-19 11.7%
20s 14.7%
30s 13.2%
40s 10.5%
50s 17.5%
60s 5.4%
70s 6.7%
80+ 5.1%

Best Schools In Falmouth, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Falmouth with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Falmouth.


Pros And Cons Of Living In Falmouth, Kentucky

How do you know that living in -- or moving to -- Falmouth is right where you need to be? Perhaps you grew up in Falmouth or already live nearby; therefore, the decision to buy a home in Falmouth is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Falmouth for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Falmouth:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Falmouth.


Reasons To Move To Falmouth, Kentucky, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Falmouth can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Falmouth, meanwhile, can field multiple offers from more qualified buyers.

Falmouth, KY Foreclosures


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