Fall River appreciation rates and housing market information

Fall River housing market information

With 91,938 people, 41,857 houses or apartments, and a median cost of homes of $290,362, Fall River real estate prices are well above average cost compared to national prices.

duplexes, homes converted to apartments, or other small apartment buildings are the single most common housing type in Fall River, accounting for 47.83% of the city's housing units. Other types of housing that are prevalent in Fall River include large apartment complexes or high rise apartments (30.81%), single-family detached homes (19.83%), and a few row houses and other attached homes (1.41%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Fall River is dominated by renter-occupied one, two, or no bedroom apartments. 60.25% of Fall River's dwellings are rentals.

The housing in Fall River was primarily built before 1939 (53.02%), making the housing stock in Fall River some of the older overall in America, although there is a range of ages of homes in Fall River. The next most important Fall River housing age is 1940-1969 (25.75%), followed by 1970-1994 (18.90%). There's also some housing in Fall River built between 1995 and later (2.33%).

Fall River home appreciation rates

Appreciation rates for homes in Fall River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.50%, which ranks in the top 20% nationwide. This equates to an annual average Fall River house appreciation rate of 9.95%.

Over the last year, Fall River appreciation rates have trailed the rest of the nation. In the last twelve months, Fall River's appreciation rate has been -7.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fall River were at 0.12%, which equates to an annual appreciation rate of 0.48%.

Relative to Massachusetts, our data show that Fall River's latest annual appreciation rate is higher than 5% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fall River differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fall River - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Fall River real estate investment or home purchase decisions.