The story of this market
The typical home in ZIP 02724 sells for about $505,000, or $254 per square foot.
Prices are up +6.9% from a year ago, so sellers still have some momentum. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,145 a month.
ZIP 02724 — Fall River
The Fall River housing market is currently balanced, with steady price appreciation and moderate inventory levels. Demand remains consistent, driven by buyers seeking affordability relative to the broader regional market. Market conditions are stable, with homes selling at a predictable pace.
This ZIP code is well-suited for first-time homebuyers, families, and investors seeking value in a historic urban setting with convenient access to regional employment hubs.
Median prices moved up 6.9% year over year.
Homes spend a median of 94 days on market with 3.9 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 99.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 20.1% — a stable, low-distress 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 10.0%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02724, 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.
Public schools in the area are part of the Fall River Public Schools district, which serves a diverse student population with varying performance metrics.
The area is subject to standard New England climate risks, including winter storms and potential coastal flooding in low-lying sections near the Taunton River.
Economic momentum is driven by regional healthcare, education, and manufacturing sectors, with ongoing efforts to revitalize the historic mill infrastructure.
Property taxes are assessed by the City of Fall River based on a uniform tax rate applied to the fair market value of real estate, with exemptions available for qualifying seniors and veterans.
Residents primarily commute via I-195, providing access to Providence, RI, and other parts of the South Coast region.
The area features access to local parks, the Taunton River waterfront, and proximity to regional shopping centers and historic sites.
The rental market is characterized by high demand and limited vacancy, with a mix of historic multi-family housing and newer rental developments.
The local economy is anchored by healthcare, education, and professional services, with a strong historical base in manufacturing.
The area is served by major highway corridors including I-195 and Route 24, facilitating regional transit.
Ongoing urban renewal efforts focus on the adaptive reuse of historic industrial properties.
The City of Fall River Assessor's Office manages property valuations for tax purposes.
Parcels are subject to municipal property taxes and Fall River Public Schools district levies.
Property insurance premiums are influenced by regional hazard exposure, including coastal storm risks.
Massachusetts is a non-judicial foreclosure state.
Sellers are required to provide a property disclosure statement regarding the condition of the home.
Data retrieved from Census Reporter and ACS 2024 datasets.
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 America4.314.9 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.618.2 mi
- Dave & Buster's Providence4.215.8 mi
- Funcity Adventure Park4.214.2 mi
- Funcity Trampoline Park Seekonk, MA4.210.5 mi
- Amica Mutual Pavilion4.415.6 mi
- Rhode Island Convention Center4.415.6 mi
- Topgolf Rhode Island4.315.2 mi
- Providence Performing Arts Center4.815.3 mi
- Newport Vineyards4.212.1 mi
- Colt State Park4.86.4 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.81.2 mi
- Newport Vineyards4.212.1 mi
- Newport Car Museum4.99.9 mi
- Buttonwood Park Zoo4.512.2 mi
- The Breakers4.716.4 mi
- RISD Museum4.715.3 mi
- Marble House4.717 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.81.2 mi
- The Elms4.716.1 mi
- Colt State Park4.86.4 mi
- Rocky Point State Park4.79.9 mi
- Blithewold Manor, Gardens & Arboretum4.75.3 mi
- DNRT Parsons Reserve Trailhead4.812 mi
- Conimicut Point Park4.59.7 mi
- The Cove | Restaurant & Marina4.31.7 mi
- Herreshoff Marine Museum4.75.4 mi
- Borden Light Marina4.50.9 mi
- Swansea Country Club4.47.1 mi
- Harbor Lights Dining Events Golf Marina4.410.9 mi
- Newport National Golf Club4.111.9 mi
- Hillside Country Club4.112.5 mi
- Green Valley Country Club4.310 mi
- Dartmouth Mall4.210 mi
- Burlington4.21 mi
- Shaw's4.211.6 mi
- T.J. Maxx4.310.5 mi
- Kohl's4.210.5 mi
- Rhode Island T.F. Green International Airport4.413.2 mi
- Boston Skydive Center522.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational access and scenic views.
Features walking paths and historical exhibits.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.