Godby, the largest village and administrative centre of Finström, is the second biggest built-up area in Åland after Mariehamn, inhabited by around 1300 people, or one-thirds of the municipality's population.

A pharmacy, banks, a post office, a swimming hall and a health center are among the amenities that can be found in Godby.

Swedish king Gustaf IV Adolf also stayed there for six weeks in the summer of 1808 prior to the 1809 loss of Finland to Russia.

Finström is right in the middle of mainland Åland and is bordered by a total of five municipalities: Sund to the east, Saltvik to the northeast, Geta to the north, Hammarland to the west and Jomala to the south.

Agricultural products grown especially in the northern parts of Finström include apples and various vegetables, and fishing is also a source of income for some.