Fall River, MA—02724
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 $422,000, with a year-over-year change of 1.2%. This indicates that home prices in Fall River, MA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $422,000 | 1.2% |
| Single Family | $427,000 | 0.7% |
| Condos | $318,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $370,000 | 0.3% |
3 Bed | $432,000 | 0.7% |
4 Bed | $432,000 | 0.9% |
| 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 $1,750, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Fall River, MA is 1-bedrooms: $1,190, 2-bedrooms: $1,700, 3-bedrooms: $1,940, 4-bedrooms: $2,400. The most common rental property sizes in Fall River, MA are 2-bedroom and 3-bedroom, accounting for 39.6% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,190 |
| 2 Bed Rent | $1,700 | $1,700 |
| 3 Bed Rent | $1,700 | $1,940 |
| 4 Bed Rent | $2,000 | $2,400 |
% 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 15. This is a decrease of -17.0% 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 60.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $474,000 | 17.0% |
Listing Count | 10 | -40.0% |
| Listings as % of Homes | 0.1% | -40.0% |
Days on Market | 15 | -17.0% |
Demographics — Fall River, MA
As of the latest ACS Survey released in 2023, Fall River, MA has a population of 18,800, which has increased by 6.1% over the past 5 years. Fall River, MA is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 15.0% 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 | 18,800 | 6.1% |
% Under 18 | 23.6% | 26.2% |
% Seniors | 15.4% | -4.9% |
% WFH | 9.3% | 745.5% |
% w/ College Degree | 15.0% | 19.0% |
As of the latest ACS Survey released in 2023, Fall River, MA is a predominantly white area, with 65.7% of the population identifying as white. The white population has shrunk by 12.4% 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 21.3% of the population in Fall River, MA, and this percentage has decreased by 1.4% 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 | 65.7% | -12.4% |
% Black | 9.4% | 248.1% |
% Hispanic | 16.1% | 14.2% |
% Asian | 2.0% | -35.5% |
% Foreign Born | 21.3% | -1.4% |
Mortgage and Risk — Fall River, MA
According to HUD data as of 2023, there were 153 mortgage originations in Fall River, MA, of which 75.0% 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 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
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 10.3%. 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. 1-bedroom and 3-bedroom and 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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,267 |
Total Units Section 8 | 598 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,200 | $1,260 |
| 2 Bedroom | -$170 | $1,700 | $1,530 |
| 3 Bedroom | $150 | $1,700 | $1,850 |
| 4 Bedroom | $290 | $2,000 | $2,290 |
Affordability — Fall River, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $422,000 |
| Median Household Income | $49,800 |