Fairhaven, MA—02719
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairhaven, MA
As of Oct '25, the median home price in Fairhaven, MA is $492,000, with a year-over-year change of 0.4%. This indicates that home prices in Fairhaven, MA are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $492,000 | 0.4% |
| Single Family | $496,000 | 0.0% |
| Condos | $364,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $401,000 | -2.2% |
2 Bed | $440,000 | -0.2% |
3 Bed | $502,000 | 0.0% |
4 Bed | $561,000 | 0.2% |
| 5 Bed | $629,000 | -0.5% |
% of Housing Stock
Rental Trends — Fairhaven, MA
As of July '25, Rentcast reports the average rent in Fairhaven, MA is $2,290, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Fairhaven, MA is 1-bedrooms: $1,700, 2-bedrooms: $2,230, 3-bedrooms: $2,470, 4-bedrooms: $5,500. The most common rental property sizes in Fairhaven, MA are 1-bedroom and 2-bedroom, accounting for 44.6% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,700 |
| 2 Bed Rent | $2,100 | $2,230 |
| 3 Bed Rent | $1,850 | $2,470 |
| 4 Bed Rent | $5,500 | $5,500 |
% of Rental Stock
Property Listings — Fairhaven, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairhaven, MA is 24. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $560,000 | 6.0% |
Listing Count | 27 | -18.0% |
| Listings as % of Homes | 0.2% | -18.0% |
Days on Market | 24 | -9.0% |
Demographics — Fairhaven, MA
As of the latest ACS Survey released in 2023, Fairhaven, MA has a population of 15,900, which has remained stable by -0.9% over the past 5 years. Fairhaven, MA is a moderately popular place for families, as children make up 15.8% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | -0.9% |
% Under 18 | 15.8% | -18.6% |
% Seniors | 25.6% | 16.9% |
% WFH | 9.3% | 116.3% |
% w/ College Degree | 30.5% | 9.7% |
As of the latest ACS Survey released in 2023, Fairhaven, MA is a predominantly white area, with 93.6% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Fairhaven, MA is hispanic, making up 2.3% of the population. Foreign-born residents account for 6.1% of the population in Fairhaven, MA, and this percentage has decreased by 28.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.6% | 3.9% |
% Black | 0.3% | -40.0% |
% Hispanic | 2.3% | 21.1% |
% Asian | 1.0% | -73.7% |
% Foreign Born | 6.1% | -28.2% |
Mortgage and Risk — Fairhaven, MA
According to HUD data as of 2023, there were 297 mortgage originations in Fairhaven, MA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairhaven, MA. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 297 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Fairhaven, MA
As of 2024, the percent of homes in Fairhaven, MA under the Section 8 program is 11.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fairhaven, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 205 |
Total Units Section 8 | 205 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$450 | $1,600 | $1,150 |
| 2 Bedroom | -$680 | $2,100 | $1,420 |
| 3 Bedroom | -$140 | $1,850 | $1,710 |
| 4 Bedroom | -$3,450 | $5,500 | $2,050 |
Affordability — Fairhaven, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $492,000 |
| Median Household Income | $92,500 |