House Prices

Underwood Falmouth, ME House Prices & Home Values 2026


Average Data

average house price$630,154
average size per house2344 ft²
average price per ft²258 $ / ft²

05/20/2026 - The value range (VR) for house prices in Underwood Falmouth, ME is $245.1/ sqft to $270.9/ sqft. An average home with 2344 sqft costs approximately $549,236 to $607,051. Falmouth, ME includes 1 ZIP codes and it is located in Cumberland county. The lowest prices are found in ZIP 04105, while the highest are in ZIP 04105. The average price per sqare feet is $258. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Underwood Falmouth

04105227 $ / ft²




Historical development of home values in Underwood Falmouth

Year Estimated value (USD) Change vs. 2025
2010 $292,655 -53.6%
2011 $281,338 -55.4%
2012 $280,580 -55.5%
2013 $291,068 -53.8%
2014 $305,541 -51.5%
2015 $321,222 -49.0%
2016 $337,986 -46.4%
2017 $356,228 -43.5%
2018 $375,923 -40.3%
2019 $393,354 -37.6%
2020 $413,688 -34.4%
2021 $470,526 -25.3%
2022 $548,527 -13.0%
2023 $578,447 -8.2%
2024 $611,912 -2.9%
2025 $630,154 0.0%

Graph: estimated home values in Underwood Falmouth over time (USD)



Example: 100% financing house in Underwood Falmouth

Loan amount: $630,154

Interest rate: 5.74%

Fixed monthly payment: $3,671.81

Breakdown in the 1st month:
Interest portion: $3,012.14  –  Principal portion: $659.67

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $35,934.17 $8,127.49 $622,026.51
2 $35,455.52 $8,606.14 $613,420.37
3 $34,948.69 $9,112.98 $604,307.39
4 $34,412.00 $9,649.66 $594,657.73
5 $33,843.71 $10,217.95 $584,439.78
6 $33,241.95 $10,819.71 $573,620.07
7 $32,604.76 $11,456.91 $562,163.17
8 $31,930.03 $12,131.63 $550,031.54
9 $31,215.57 $12,846.09 $537,185.45
10 $30,459.04 $13,602.62 $523,582.83
11 $29,657.95 $14,403.71 $509,179.11
12 $28,809.68 $15,251.98 $493,927.13
13 $27,911.46 $16,150.20 $477,776.93
14 $26,960.34 $17,101.33 $460,675.60
15 $25,953.20 $18,108.46 $442,567.14
16 $24,886.75 $19,174.91 $423,392.23
17 $23,757.50 $20,304.17 $403,088.06
18 $22,561.74 $21,499.93 $381,588.13
19 $21,295.56 $22,766.10 $358,822.03
20 $19,954.81 $24,106.85 $334,715.18
21 $18,535.10 $25,526.56 $309,188.62
22 $17,031.79 $27,029.88 $282,158.74
23 $15,439.93 $28,621.73 $253,537.01
24 $13,754.34 $30,307.33 $223,229.68
25 $11,969.47 $32,092.20 $191,137.49
26 $10,079.48 $33,982.18 $157,155.31
27 $8,078.20 $35,983.47 $121,171.84
28 $5,959.05 $38,102.61 $83,069.23
29 $3,715.10 $40,346.56 $42,722.67
30 $1,339.00 $42,722.67 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Underwood Falmouth, ME


1500 sqft3900 sqft
Ø selling price$447,667$952,308
Ø fast selling$406,970$857,078
Ø high price sale$488,364$1,047,539

In 2026, houses in Underwood Falmouth, ME will be offered at an average price of $258 per square foot. A 1,500 sqft home priced at $447,667 is 21.99% more expensive per square foot than a 3,900 sqft home priced at $952,308. Home prices in Underwood Falmouth, ME vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $659,291. Sellers who can wait longer may achieve a higher price of up to $805,800.


Underwood, Falmouth ME Neighborhood Guide

Overview

The Underwood neighborhood in Falmouth, ME blends coastal charm, classic New England architecture, and easy access to Greater Portland.

Location & Lifestyle

Set along Falmouth Foreside near Casco Bay, Underwood features quiet, tree-lined streets and a friendly, walkable vibe.
Residents enjoy quick trips to Town Landing, nearby marinas, and local favorites like Town Landing Market and waterfront parks. A typical drive to downtown Portland takes about 10 to 15 minutes for commuting, dining, and cultural outings.

Recreation & Nature

Outdoor lovers appreciate Underwood Park for its playground, green space, and neighborhood meetups. Trails at Underwood Springs Forest and other Falmouth Land Trust preserves provide year-round options for walking and nature observation. Proximity to Casco Bay invites boating, paddleboarding, and memorable shoreline sunsets.

Real Estate & Schools

Housing options span shingled coastal cottages, mid?century homes, and thoughtfully updated residences on established lots. Homebuyers searching for homes for sale in Underwood, Falmouth, ME value its curb appeal, strong property values, and enduring coastal lifestyle. Families also prize the highly regarded Falmouth Public Schools and the close-knit, low-traffic neighborhood feel.



FAQ – Home Values in Underwood Falmouth

What is the median home value in Underwood Falmouth in 2026?

In 2026, the typical home value in Underwood Falmouth is about $630,154 for an average home size of 2344 square feet. This corresponds to an average price of roughly $258 per square foot.

What is the average cost per square foot in Underwood Falmouth?

In 2026, homes in Underwood Falmouth sell for an average of around $258 per square foot, with a typical range between $245.1 and $270.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Underwood?

The average home size in Underwood Falmouth is about 2344 square feet, with an estimated 2026 value around $630,154.



Neighborhoods close to Underwood Falmouth, ME

Ferry Village South Portland, ME246 $ / ft²
Oakhurst Cape Elizabeth, ME399 $ / ft²
Peaks Island Village Peaks Island, ME377 $ / ft²
Walnut Hill North Yarmouth, ME226 $ / ft²
Yarmouth Village Yarmouth, ME191 $ / ft²
Buxton Center Buxton, ME220 $ / ft²
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