The story of this market
The typical home in ZIP 02745 sells for about $423,103, or $245 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,139 a month.
ZIP 02745 — New Bedford
The housing market in 02745 shows steady appreciation with low inventory levels keeping upward pressure on prices. While demand remains consistent, the market is balanced by a moderate pace of sales and stable interest from local buyers.
This ZIP is well-suited for families and local workers seeking relatively affordable housing options compared to the greater Boston area, though it requires a commute for those working in major urban centers.
Median prices moved up 1.1% year over year.
Homes spend a median of 19 days on market with 3.2 months of supply — a fast-moving market.
15% 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 5.7% · poverty 14.6% — 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 7.8%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 02745, 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 New Bedford are generally higher than the national average, with property crime being the most frequently reported incident type.
Public schools in the area are part of the New Bedford Public Schools district, which faces ongoing challenges regarding student performance and resource allocation.
The area is subject to coastal storm risks and potential flooding in low-lying zones, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by the city's ongoing revitalization efforts, including investments in the offshore wind industry and downtown infrastructure improvements.
Property taxes are assessed by the City of New Bedford based on a uniform tax rate applied to the fair market value of real estate, with exemptions available for qualifying residents.
Residents typically rely on personal vehicles for commuting, with access to major routes like I-195 providing connections to regional employment hubs in Providence and Boston.
The area features access to local parks, proximity to the Acushnet River, and various shopping centers along the main commercial corridors.
The rental market remains competitive with low vacancy rates, driven by steady demand from local workers and limited new multi-family construction.
The local economy is anchored by the fishing industry, manufacturing, and an emerging renewable energy sector focused on offshore wind.
The area is served by regional bus lines and is positioned near major highway interchanges, though public transit options are limited compared to larger metropolitan areas.
Development efforts are focused on the redevelopment of historic mill buildings into mixed-use residential and commercial spaces.
Parcels are subject to municipal property taxes and standard utility service districts for water and sewer management.
Property insurance premiums are influenced by coastal hazard exposure, with many properties requiring flood insurance due to proximity to the Atlantic 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.
- Water Wizz of Cape Cod4.415.3 mi
- Funcity Adventure Park4.214.4 mi
- Jellystone Park™ Cranberry Acres4.315.8 mi
- Sauchuk's Corn Maze & Pumpkin Patch4.719.7 mi
- Ryan Family Amusements - Raynham4.515.9 mi
- King Richard’s Faire3.713.7 mi
- Cisco Kitchen & Bar4.56 mi
- Blithewold Manor, Gardens & Arboretum4.716.9 mi
- Seekonk Speedway4.619.6 mi
- Fireside Grille4.214.5 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.811 mi
- New Bedford Whaling Museum4.84 mi
- Buttonwood Park Zoo4.54.4 mi
- AMC Dartmouth Mall 114.44.3 mi
- Battleship Cove4.711.3 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.811 mi
- New Bedford Whaling Museum4.84 mi
- Newport Car Museum4.919.4 mi
- Blithewold Manor, Gardens & Arboretum4.716.9 mi
- Battleship Cove4.711.3 mi
- DNRT Parsons Reserve Trailhead4.89.1 mi
- Thousand Trails Gateway to Cape Cod3.98.8 mi
- Freetown-Fall River State Forest4.57.9 mi
- Fort Phoenix State Reservation4.65.2 mi
- Fort Taber Park4.66.9 mi
- The Cove | Restaurant & Marina4.311.2 mi
- Herreshoff Marine Museum4.717.2 mi
- Kingman Yacht Center4.717 mi
- East Wind Lobster and Grille4.317 mi
- Pope's Island Marina4.53.9 mi
- Acushnet River Valley4.12.9 mi
- Lebaron Hills Country Club4.612 mi
- Heritage Hill Golf Course4.210.1 mi
- Lakeville Country Club2.912.2 mi
- Marion Golf Club4.610.2 mi
- Dartmouth Mall4.24.3 mi
- Wareham Crossing4.411.7 mi
- Burlington4.211.5 mi
- Shaw's4.24 mi
- Shaw's4.210 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 public park featuring a zoo, walking trails, and recreational facilities.
A significant cultural site preserving the history of the whaling industry.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.