Fall River, MA—02720
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fall River, MA
As of Oct '25, the median home price in Fall River, MA is $445,000, with a year-over-year change of 2.8%. This indicates that home prices in Fall River, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | 2.8% |
| Single Family | $472,000 | 1.9% |
| Condos | $283,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $228,000 | 5.1% |
2 Bed | $333,000 | 3.4% |
3 Bed | $467,000 | 2.2% |
4 Bed | $498,000 | 1.8% |
| 5 Bed | $580,000 | 1.9% |
% of Housing Stock
Rental Trends — Fall River, MA
As of July '25, Rentcast reports the average rent in Fall River, MA is $1,920, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Fall River, MA is studios: $1,310, 1-bedrooms: $1,500, 2-bedrooms: $1,970, 3-bedrooms: $2,150, 4-bedrooms: $2,230. The most common rental property sizes in Fall River, MA are 2-bedroom and 3-bedroom, accounting for 39.8% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,920 |
| Studio Rent | $1,200 | $1,310 |
| 1 Bed Rent | $1,400 | $1,500 |
| 2 Bed Rent | $1,900 | $1,970 |
| 3 Bed Rent | $2,100 | $2,150 |
| 4 Bed Rent | $2,200 | $2,230 |
% of Rental Stock
Property Listings — Fall River, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fall River, MA is 53. This is a decrease of -19.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $452,000 | -2.0% |
Listing Count | 42 | -6.0% |
| Listings as % of Homes | 0.2% | -6.0% |
Days on Market | 53 | -19.0% |
Demographics — Fall River, MA
As of the latest ACS Survey released in 2023, Fall River, MA has a population of 31,100, which has increased by 1.2% over the past 5 years. Fall River, MA is a moderately popular place for families, as children make up 16.9% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | 1.2% |
% Under 18 | 16.9% | -10.1% |
% Seniors | 17.1% | -4.5% |
% WFH | 5.9% | 168.2% |
% w/ College Degree | 20.9% | -2.3% |
As of the latest ACS Survey released in 2023, Fall River, MA is a predominantly white area, with 75.5% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Fall River, MA is hispanic, making up 10.5% of the population. Foreign-born residents account for 20.6% of the population in Fall River, MA, and this percentage has increased by 20.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.5% | -6.7% |
% Black | 7.0% | 40.0% |
% Hispanic | 10.5% | 41.9% |
% Asian | 2.7% | 22.7% |
% Foreign Born | 20.6% | 20.5% |
Mortgage and Risk — Fall River, MA
According to HUD data as of 2023, there were 464 mortgage originations in Fall River, MA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Fall River, MA. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 464 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Fall River, MA
As of 2024, the percent of homes in Fall River, MA under the Section 8 program is 7.3%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fall River, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,195 |
Total Units Section 8 | 613 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 82.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,400 | $1,260 |
| 2 Bedroom | -$370 | $1,900 | $1,530 |
| 3 Bedroom | -$250 | $2,100 | $1,850 |
| 4 Bedroom | $90 | $2,200 | $2,290 |
Affordability — Fall River, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $445,000 |
| Median Household Income | $62,900 |