Zip 02740 (New Bedford, MA) Housing

The housing market in 02740 New Bedford, Massachusetts is quite robust, with the median value of housing at $356,800. This is significantly higher than the US house median value of $338,100. Additionally, the house appreciation in this area is also quite substantial; over the past year it has grown 10.36%, while the US experienced an appreciation rate of 8.27%. As a result, investing in real estate in 02740 New Bedford can be a great opportunity for those looking to enter this market and benefit from its growth.

The median home cost in New Bedford (zip 02740) is $356,800. Home appreciation the last 10 years has been 82.8%. Home Appreciation in New Bedford (zip 02740) is up 12.9%.

Average Age of Homes

- The median age of New Bedford (zip 02740) real estate is 78 years old

The Rental Market in New Bedford (zip 02740)

- Renters make up 53.1% of the New Bedford (zip 02740) population
- 2.0% of houses and apartments in New Bedford (zip 02740), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Bedford, Massachusetts	United States
	20,589.0	139,647,020.0
	58	42
	$356,800	$338,100
	12.9%	16.6%
	52.9%	57.0%
	82.8%	101.1%
	$14.31	$10.98
	$3,583	$2,690
	35.7%	57.4%
	6.3%	11.2%
	58.0%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.1%	0.4%
	0.2%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	0.1%	2.4%
	0.4%	2.8%
	0.3%	3.9%
	1.1%	4.5%
	5.6%	11.3%
	17.5%	13.0%
	47.4%	20.1%
	17.3%	13.6%
	4.2%	8.3%
	2.8%	9.7%
	0.8%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.0%	13.6%
	2.0%	13.6%
	2.9%	13.6%
	4.7%	13.2%
	6.6%	14.8%
	2.9%	13.6%
	9.3%	10.0%
	7.9%	4.7%
	57.9%	12.2%

Reviews for New Bedford

See all (0)

Write a Review

Start Your Review of New Bedford

Commute

The premier source for comprehensive city data for over 30 years.