Fall River, Massachusetts Housing Market Prices
Fall River Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% below the Massachusetts median$462,904
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Median rent 34% below the Massachusetts median$1,155
Housing Market Overview
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $462,904 | $494,523 | $248,835 |
| Price Trend (Annual %) | 11.0% | 6.6% | 7.5% |
| Median Gross Rent | $1,155 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fall River is about 6% lower than in Massachusetts. Rent is about 34% lower than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fall River, up about 11.0% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Fall River rose about 58.6% between 2015 and 2024, from $728 to $1,155. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 8.1 yearly household incomes in Fall River.
Buying the median-priced home in Fall River costs roughly 33.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fall River. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $462,904 | $494,523 | $248,835 |
| Median Household Income | $56,801 | $104,336 | $80,455 |
| Price-to-Income Ratio | 8.1 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fall River rose about 163.4%, while median household income rose about 50.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 33.2% | 57.5% | 58.5% |
| Rental Rate | 61.0% | 34.4% | 31.2% |
| Vacancy Rate | 5.8% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Fall River has a homeownership rate of 33.2%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 5.8%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Fall River | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1949 | 1963 | 1978 |
| Median Number of Rooms | 5.0 | 5.5 | 5.5 |
The typical housing unit in Fall River was built around 1949. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fall River, Massachusetts.
What is the median home price in Fall River, Massachusetts?
The median home price in Fall River, Massachusetts is $462,904, lower than the Massachusetts average of $494,523.
What is the average home price in Fall River, Massachusetts?
The typical home price in Fall River, Massachusetts, reported as the median sale price, is $462,904. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fall River, Massachusetts?
The median gross rent in Fall River, Massachusetts is $1,155 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Fall River in 2020?
In 2020, the median gross rent in Fall River, Massachusetts was $834 per month.
What is the price-to-rent ratio in Fall River, Massachusetts?
The price-to-rent ratio in Fall River, Massachusetts is about 33.4, meaning it would take roughly 33.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fall River.
Are home prices or rent rising faster in Fall River, Massachusetts?
Both home prices and rent are rising in Fall River, up about 11.0% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fall River, Massachusetts?
33.2% of households in Fall River, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Fall River, Massachusetts?
The housing vacancy rate in Fall River, Massachusetts is 5.8%, lower than the Massachusetts average of 8.1%.
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