Zip 02745 (New Bedford, MA) Housing

The housing market in 02745 New Bedford, MA is doing well compared to the rest of the country. The median value of a home in this zip code is $378,500, which is significantly higher than the US median of $338,100. Additionally, the one-year house appreciation rate in 02745 New Bedford, MA is 10.36%, which is much higher than the nationwide rate of 8.27%. This indicates that homes are increasing in value more quickly here than elsewhere and shows an overall healthy housing market in this area.

The median home cost in New Bedford (zip 02745) is $378,500. Home appreciation the last 10 years has been 82.8%. Home Appreciation in New Bedford (zip 02745) is up 12.9%.

Average Age of Homes

- The median age of New Bedford (zip 02745) real estate is 57 years old

The Rental Market in New Bedford (zip 02745)

- Renters make up 39.3% of the New Bedford (zip 02745) population
- 1.2% of houses and apartments in New Bedford (zip 02745), 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
	10,629.0	139,647,020.0
	62	42
	$378,500	$338,100
	12.9%	16.6%
	52.9%	57.0%
	82.8%	101.1%
	$15.25	$10.98
	$4,066	$2,690
	56.1%	57.4%
	4.5%	11.2%
	39.5%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.8%	2.4%
	0.6%	2.8%
	0.6%	3.9%
	0.9%	4.5%
	1.7%	11.3%
	12.0%	13.0%
	48.6%	20.1%
	26.9%	13.6%
	4.2%	8.3%
	0.6%	9.7%
	1.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.2%	13.6%
	8.2%	13.6%
	9.6%	13.6%
	8.8%	13.2%
	8.2%	14.8%
	9.6%	13.6%
	12.3%	10.0%
	6.0%	4.7%
	33.2%	12.2%

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