The story of this market
The typical home in ZIP 02723 sells for about $417,000, or $255 per square foot.
Prices are up +14.36% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,118 a month.
ZIP 02723 — Fall River
The 02723 housing market shows steady price appreciation driven by low inventory and sustained demand for affordable housing. While year-over-year growth remains strong at 14.36%, the market is balancing against broader economic pressures and limited supply. Buyers are active, though the pace of sales is moderated by current interest rate environments.
This ZIP is well-suited for first-time homebuyers and budget-conscious families seeking entry-level housing, as well as investors looking for rental opportunities in a high-demand market.
Median prices moved up 14.4% year over year.
Homes spend a median of 38 days on market with 3.5 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 22.4% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02723, Bristol County MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Fall River are generally higher than the Massachusetts state average, with property crime being the most frequently reported incident type.
Public schools in the area are part of the Fall River Public Schools district, which faces ongoing challenges regarding student performance metrics and resource allocation.
The area faces moderate risk from coastal storm surges and flooding due to its proximity to the Taunton River and Mount Hope Bay.
Economic momentum is driven by regional healthcare, education, and light manufacturing sectors, with ongoing efforts to revitalize the historic mill districts.
Property taxes are assessed by the City of Fall River based on a split tax rate structure that differentiates between residential and commercial/industrial property classes.
Commuters primarily rely on Route 24 and I-195 for access to Providence, RI, and the greater Boston area, with limited public transit options beyond local bus service.
The area features access to the Taunton River waterfront, several local parks including Kennedy Park, and proximity to regional shopping centers along the highway corridors.
The rental market is characterized by high demand and low vacancy rates, driven by the area's relative affordability compared to the greater Boston metro region.
The local economy is anchored by healthcare providers, public administration, and a mix of small-to-medium manufacturing firms.
The area is served by major highway corridors I-195 and Route 24, with regional bus connectivity provided by the Southeastern Regional Transit Authority.
Development efforts are focused on urban infill and the adaptive reuse of industrial properties to increase housing density.
Parcels are subject to municipal property taxes and standard utility service districts for water and sewer management.
Property insurance premiums are influenced by the area's flood zone designations and proximity to the coast.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- United Skates of America4.316.5 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.619.9 mi
- Dave & Buster's Providence4.217.7 mi
- Funcity Adventure Park4.213.3 mi
- Funcity Trampoline Park Seekonk, MA4.212.3 mi
- Amica Mutual Pavilion4.417.6 mi
- Rhode Island Convention Center4.417.6 mi
- Topgolf Rhode Island4.317.6 mi
- Providence Performing Arts Center4.817.3 mi
- Newport Vineyards4.213.4 mi
- Colt State Park4.88.9 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.81.6 mi
- New Bedford Whaling Museum4.811.2 mi
- Newport Car Museum4.911.5 mi
- Buttonwood Park Zoo4.510 mi
- The Breakers4.717.6 mi
- RISD Museum4.717.3 mi
- Marble House4.718.2 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.81.6 mi
- The Elms4.717.4 mi
- Colt State Park4.88.9 mi
- Rocky Point State Park4.712.4 mi
- Blithewold Manor, Gardens & Arboretum4.77.6 mi
- DNRT Parsons Reserve Trailhead4.810.4 mi
- Conimicut Point Park4.512.1 mi
- Bowen's Wharf4.717.1 mi
- The Cove | Restaurant & Marina4.32.1 mi
- Herreshoff Marine Museum4.77.8 mi
- Harbor Lights Dining Events Golf Marina4.413.4 mi
- New York Yacht Club Harbour Court4.718.1 mi
- Swansea Country Club4.48.9 mi
- Green Valley Country Club4.311.5 mi
- Acushnet River Valley4.112.1 mi
- Allendale Country Club4.39.1 mi
- Hazelton Golf Club3.812.5 mi
- Dartmouth Mall4.27.8 mi
- Burlington4.22.2 mi
- Shaw's4.29.3 mi
- T.J. Maxx4.312.4 mi
- Shaw's4.24.2 mi
- Rhode Island T.F. Green International Airport4.415.6 mi
- Boston Skydive Center524.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large historic urban park offering walking paths and recreational space.
Provides scenic views and access to maritime activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.