Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 88,777, 38,765 total housing units (homes and apartments), and a median house value of $255,664, Fall River real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Fall River homes are still considered rather expensive.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Fall River, accounting for 45.42% of the city's housing units. Other types of housing that are prevalent in Fall River include large apartment complexes or high rise apartments ( 30.40%), single-family detached homes ( 22.20%), and a few row houses and other attached homes ( 1.88%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
Fall River is dominated by renter-occupied one, two, or no bedrooms apartments. 65.65% of Fall River's dwellings are rentals.
The housing in Fall River was primarily built before 1939 ( 58.44%), making the housing stock in Fall River some of the oldest overall in America, although there is a range of ages of homes in Fall River. The next most important housing age is between 1970-1999 ( 19.01%), followed by between 1940-1969 ( 18.57%). There's also some housing in Fall River built between 2000 and later ( 3.97%).
Vacant housing appears to be an issue in Fall River. Fully 11.34% of the housing stock is classified as vacant. Left unchecked, vacant Fall River homes and apartments can be a drag on the real estate market, holding Fall River real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Fall River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fall River during the period has been just -1.95%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Fall River's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Fall River's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.
Relative to Massachusetts, our data show that Fall River's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Fall River real estate investment or home purchase decisions.
|$834,001 - $1,111,000||0.4|
|$556,001 - $834,000||2.0|
|$445,001 - $556,000||3.0|
|$333,001 - $445,000||12.7|
|$222,001 - $333,000||46.2|
|$111,001 - $222,000||27.4|
|$56,001 - $111,000||3.6|
|$0 - $56,000||4.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fall River HOMES|
|2000 or Newer||4.0|
|1970 - 1999||19.0|
|1940 - 1969||18.6|
|1939 or Older||58.4|
|TYPE OF Fall River HOMES|
|Small Apt. Buildings||45.4|
|SIZE OF Fall River HOMES|
|5 or more bedrooms||2.35|