Fall River, MA—02723
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 $427,000, with a year-over-year change of 3.1%. This indicates that home prices in Fall River, MA are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $427,000 | 3.1% |
| Single Family | $435,000 | 2.8% |
| Condos | $239,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $369,000 | 2.5% |
3 Bed | $439,000 | 3.1% |
4 Bed | $440,000 | 2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fall River, MA
As of July '25, Rentcast reports the average rent in Fall River, MA is $1,850, with a year-over-year rent change of 6.3%. Per bedroom, the median rent as of July '25 in Fall River, MA is 1-bedrooms: $1,500, 2-bedrooms: $1,700, 3-bedrooms: $2,070, 4-bedrooms: $2,750. The most common rental property sizes in Fall River, MA are 2-bedroom and 3-bedroom, accounting for 49.0% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,580 | $1,500 |
| 2 Bed Rent | $1,650 | $1,700 |
| 3 Bed Rent | $1,930 | $2,070 |
| 4 Bed Rent | $2,500 | $2,750 |
% 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 48. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 11.0% |
Listing Count | 14 | -29.0% |
| Listings as % of Homes | 0.1% | -29.0% |
Days on Market | 48 | 23.0% |
Demographics — Fall River, MA
As of the latest ACS Survey released in 2023, Fall River, MA has a population of 17,100, which has increased by 19.8% over the past 5 years. Fall River, MA is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | 19.8% |
% Under 18 | 24.1% | 17.6% |
% Seniors | 12.9% | -9.8% |
% WFH | 7.6% | 1,166.7% |
% w/ College Degree | 12.6% | 17.8% |
As of the latest ACS Survey released in 2023, Fall River, MA is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Fall River, MA is hispanic, making up 16.1% of the population. Foreign-born residents account for 24.2% of the population in Fall River, MA, and this percentage has increased by 10.0% 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 | 65.0% | -9.6% |
% Black | 5.0% | -34.2% |
% Hispanic | 16.1% | 32.0% |
% Asian | 2.1% | 75.0% |
% Foreign Born | 24.2% | 10.0% |
Mortgage and Risk — Fall River, MA
According to HUD data as of 2023, there were 100 mortgage originations in Fall River, MA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Fall River, MA. Investor activity is low, as 6.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
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 12.8%. 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 Fall River, 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 | 1,152 |
Total Units Section 8 | 645 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $1,580 | $1,260 |
| 2 Bedroom | -$120 | $1,650 | $1,530 |
| 3 Bedroom | -$80 | $1,930 | $1,850 |
| 4 Bedroom | -$210 | $2,500 | $2,290 |
Affordability — Fall River, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $427,000 |
| Median Household Income | $41,800 |