New Bedford, MA—02746
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Bedford, MA
As of Nov '25, the median home price in New Bedford, MA is $414,000, with a year-over-year change of 1.2%. This indicates that home prices in New Bedford, MA are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | 1.2% |
| Single Family | $422,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $342,000 | 0.6% |
3 Bed | $417,000 | 1.0% |
4 Bed | $435,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Bedford, MA
As of July '25, Rentcast reports the average rent in New Bedford, MA is $1,580, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in New Bedford, MA is studios: $1,020, 1-bedrooms: $1,170, 2-bedrooms: $1,540, 3-bedrooms: $1,830, 4-bedrooms: $2,750. The most common rental property sizes in New Bedford, MA are 3-bedroom and 2-bedroom, accounting for 36.1% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,580 |
| Studio Rent | $950 | $1,020 |
| 1 Bed Rent | $975 | $1,170 |
| 2 Bed Rent | $1,450 | $1,540 |
| 3 Bed Rent | $1,700 | $1,830 |
| 4 Bed Rent | $2,500 | $2,750 |
% of Rental Stock
Property Listings — New Bedford, MA
New Bedford, MA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.0% | N/A |
Days on Market | N/A | N/A |
Demographics — New Bedford, MA
As of the latest ACS Survey released in 2023, New Bedford, MA has a population of 16,800, which has increased by 8.0% over the past 5 years. New Bedford, MA is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | 8.0% |
% Under 18 | 25.8% | -7.9% |
% Seniors | 13.0% | 16.1% |
% WFH | 1.5% | -34.8% |
% w/ College Degree | 10.3% | 30.4% |
As of the latest ACS Survey released in 2023, New Bedford, MA is a predominantly white area, with 41.2% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in New Bedford, MA is hispanic, making up 39.4% of the population. Foreign-born residents account for 30.7% of the population in New Bedford, MA, and this percentage has increased by 11.6% 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 | 41.2% | -10.4% |
% Black | 6.8% | -2.9% |
% Hispanic | 39.4% | 1.5% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 30.7% | 11.6% |
Mortgage and Risk — New Bedford, MA
According to HUD data as of 2023, there were 67 mortgage originations in New Bedford, MA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in New Bedford, MA. Investor activity is low, as 12.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — New Bedford, MA
As of 2024, the percent of homes in New Bedford, MA under the Section 8 program is 10.4%. 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 units appear to be good home sizes to consider for Section 8 housing in New Bedford, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,183 |
Total Units Section 8 | 612 |
% Rentals under Section 8 | 10.4% |
% Occupied Section 8 | 94.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $975 | $1,130 |
| 2 Bedroom | -$60 | $1,450 | $1,390 |
| 3 Bedroom | -$30 | $1,700 | $1,670 |
| 4 Bedroom | -$500 | $2,500 | $2,000 |
Affordability — New Bedford, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $414,000 |
| Median Household Income | $41,000 |