Fall River, MA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fall River Housing Market Information

With a population of 89,541, 38,660 total housing units (homes and apartments), and a median house value of $287,730, 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 46.51% of the city's housing units. Other types of housing that are prevalent in Fall River include large apartment complexes or high rise apartments ( 29.18%), single-family detached homes ( 22.44%), and a few row houses and other attached homes ( 1.69%). 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 bedrooms apartments. 65.24% of Fall River's dwellings are rentals.

The housing in Fall River was primarily built before 1939 ( 59.70%), 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 1940-1969 ( 18.04%), followed by between 1970-1999 ( 17.91%). There's also some housing in Fall River built between 2000 and later ( 4.35%).

Vacant housing appears to be an issue in Fall River. Fully 10.53% 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 Home Appreciation Rates

Real estate appreciation rates in Fall River's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.43% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fall River's appreciation rate, at 4.00%, has been at or slightly above the national average. In the latest quarter, Fall River's appreciation rate has been 1.48%, which annualizes to a rate of 6.06%.

Relative to Massachusetts, our data show that Fall River's latest annual appreciation rate is higher than 50% 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.

Average Home Values

 
info

Median Home Value:
$287,730

Fall River, MA HOME PRICES

> $1,224,000
0.7%
0.7%
$918,001 - $1,224,000
1.5%
1.5%
$612,001 - $918,000
2.9%
2.9%
$489,001 - $612,000
2.6%
2.6%
$367,001 - $489,000
13.2%
13.2%
$245,001 - $367,000
50.6%
50.6%
$122,001 - $245,000
21.5%
21.5%
$61,001 - $122,000
4.6%
4.6%
$0 - $61,000
2.5%
2.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for MA

Value Relative To Nation

Number Of Homes And Apartments:
38,660

Fall River Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
79.40% 2.86%
6
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,103 / per month

Homeownership Rate

Owners
34.8%
34.8%
Renters
65.2%
65.2%
Vacant
10.5%
10.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
4.3%
4.3%
1970 - 1999
17.9%
17.9%
1940 - 1969
18.0%
18.0%
1939 or Older
59.7%
59.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
22.4%
22.4%
Townhomes
1.7%
1.7%
Small Apt. Buildings
46.5%
46.5%
Apt. Complexes
29.2%
29.2%
Mobile Homes
0.1%
0.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
13.8%
13.8%
2 Bedrooms
37.5%
37.5%
3 Bedrooms
39.1%
39.1%
4 Bedrooms
5.5%
5.5%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES