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Area data

Lakeville, MA — ZIP 02347

Population: 11,944 (Census ACS)

The median home value in ZIP 02347 (Lakeville, MA) is $646,707 — up 4.5% over the past year. Homes sell for a median $554,950 after a median 24 days on market. 4 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coastalflooding, icestorm, lightning the top-rated hazards. Cost of living is 10.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$646,707

Median home value

+4.5%

1-year change

24

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$646,707
1-year appreciation
+4.5%
3-year appreciation
+13.4%
5-year appreciation
+28.1%
10-year appreciation
+85.6%
All-time peak (2026-07)
$646,707
House Price Index (state)
467.4 (+2.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$554,950
Median list price
$699,000
Median price per sqft
$331
1-year sale-price change
-0.9%
Median days on market
24 days
Homes sold (recent period)
24
For-sale inventory
47
Sale-to-list ratio
100.4%
Active listings
32
1-year forecast
+1.5%
New listings (monthly)
21

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$1,278/mo
1BR fair-market rent
$1,597/mo
2BR fair-market rent
$2,044/mo
3BR fair-market rent
$2,658/mo
4BR fair-market rent
$3,067/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (High)
110.5 (100 = US avg)
Electricity rate (state-level)
30.5¢/kWh
Natural gas rate (state-level)
$25.10/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
4
Elementary schools
2
Middle schools
1
High schools
1
Schools include
Apponequet Regional High, Freetown-Lakeville Middle School, George R Austin Intermediate School, Assawompset Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coastalFlooding, iceStorm, lightning, strongWind, drought
Notable hazard ratings (county)
coastalFlooding: Very High · coldWave: Relatively Low · drought: Relatively Moderate · earthquake: Relatively Low · heatWave: Relatively Moderate · hurricane: Relatively Moderate
FEMA flood zone
A02
Flood risk level
High
Wildfire risk to homes (county)
Higher than 15% of US counties
Buildings in wildfire direct-exposure zone
43.5%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Re-Solve, Inc. (10.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
51.0°F
Average high
61.0°F
Average low
41.0°F
Annual precipitation
46.5 in
USDA plant hardiness zone
6b (extreme annual low -5 to 0°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
40
Days with Good air quality
278
Days with Moderate air quality
83
Highest AQI recorded (year)
114

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
7.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
32,675
Jobs reachable by transit (45 min)
43,934

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
16
Nearest national park
New Bedford Whaling National Historical Park (14 mi)
National parks include
New Bedford Whaling National Historical Park, Blackstone River Valley National Historical Park, Roger Williams National Memorial
Airports within 30 mi
23
Nearest airport
Myricks Airport (4 mi)
Nearest major airport
New Bedford Regional Airport (EWB) (11 mi)
Hospitals nearby (~15 mi)
12
Hospitals include
STURDY MEMORIAL HOSPITAL, ARBOUR-FULLER HOSPITAL, SAINT ANNE'S HOSPITAL
Avg hospital rating (CMS)
3.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-703 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,984
Housing built before 1970
29.6%
Housing built 2000 or later
24.0%
Median annual property tax
$5,536
Mean commute to work
28 min
Households with broadband internet
89.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
163,961
Average weekly wage
$1,265
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
453

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 02347State medianUS median
Median home value$646,707$625,940$289,727
Median sale price$554,950$585,000$325,000
Median days on market24 days27 days51 days
Median annual property tax$5,536$5,436$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 02347?
$646,707.
What is the median sale price in ZIP 02347?
$554,950.
How long do homes take to sell in ZIP 02347?
Median days on market: 24 days.
What is typical rent in ZIP 02347?
2-bedroom fair-market rent: $2,044/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 02347?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coastalFlooding, iceStorm, lightning, strongWind, drought.
Is ZIP 02347 in a flood zone?
High (FEMA NFIP). FEMA flood zone A02.
What is the wildfire risk in ZIP 02347?
Risk to homes is higher than 15% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 02347?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 02347?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 02347?
4 schools (2 elementary, 1 middle, 1 high) (NCES, 2022-23).
Is ZIP 02347 walkable?
Walkability index: 7.0/20 (EPA Smart Location Database).
What is the air quality in ZIP 02347?
Good. Median AQI: 40. (EPA AQI).
What is the cost of living in ZIP 02347?
Regional Price Parity: 110.5 (100 = US average) (High) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents