The housing market in New Bedford, MA is doing well compared to the rest of the United States. The median value for a house in New Bedford, MA is $371,700, which is almost 10% higher than the US House Median Value of $338,100. Additionally, the 1-year house appreciation of 10.36% in New Bedford, MA is also significantly higher than the US 1 year House Appreciation rate of 8.27%. This indicates that home values in New Bedford have increased at a faster rate than most other parts of the country during this period.
The median home cost in New Bedford is $371,700. Home appreciation the last 10 years has been 82.8%. Home Appreciation in New Bedford is up 12.9%.
Average Age of Homes
- The median age of New Bedford real estate is 78 years old
The Rental Market in New Bedford
- Renters make up 51.7% of the New Bedford population
- 2.1% of houses and apartments in New Bedford, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.