Area data
Fall river, MA — ZIP 02723
Population: 17,067 (Census ACS)
The median home value in ZIP 02723 (Fall river, MA) is $446,254 — up 4.1% over the past year. Homes sell for a median $415,000 after a median 145 days on market. Typical rent runs $1,763/month. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with icestorm, inlandflooding, strongwind the top-rated hazards. Cost of living is 10.5% above the US average (BEA, metro/state-level).
$446,254
Median home value
+4.1%
1-year change
145
Median days on market
Relatively Moderate
Hazard risk (county)
Home values & appreciation
- Median home value
- $446,254
- 1-year appreciation
- +4.1%
- 3-year appreciation
- +17.3%
- 5-year appreciation
- +33.7%
- 10-year appreciation
- +113.7%
- All-time peak (2026-07)
- $446,254
- 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
- $415,000
- Median price per sqft
- $216
- 1-year sale-price change
- +40.7%
- Median days on market
- 145 days
- Homes sold (recent period)
- 1
- For-sale inventory
- 19
- Sale-to-list ratio
- 97.7%
- Active listings
- 1
- 1-year forecast
- +2.5%
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,763/mo
- 1-year rent change
- +3.4%
- 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
- 3
- Elementary schools
- 1
- Middle schools
- 1
- High schools
- 1
- School districts serving the area
- Fall River, Greater Fall River Regional Vocational Technical
- Schools include
- Talbot Innovation School, Samuel Watson, Diman Regional Vocational Technical High
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Moderate
- Top hazards (county)
- iceStorm, inlandFlooding, strongWind, coastalFlooding, coldWave
- Notable hazard ratings (county)
- coastalFlooding: Relatively Moderate · coldWave: Relatively Moderate · drought: Relatively Low · earthquake: Relatively Low · heatWave: Relatively Moderate · hurricane: Relatively Moderate
- FEMA flood zone
- X
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 11% of US counties
- Buildings in wildfire direct-exposure zone
- 35.2%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- 1
- Nearest Superfund site
- Re-Solve, Inc. (5 mi)
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
- 52.0°F
- Average high
- 61.0°F
- Average low
- 44.0°F
- Annual precipitation
- 50.6 in
- Annual snowfall
- 36.1 in
- USDA plant hardiness zone
- 7a (extreme annual low 0 to 5°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 42
- Days with Good air quality
- 269
- Days with Moderate air quality
- 87
- Highest AQI recorded (year)
- 137
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 15.7 / 20
- Transit service frequency
- 335
- Jobs reachable by car (30 min)
- 64,448
- Jobs reachable by transit (45 min)
- 76,226
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 15
- Nearest national park
- New Bedford Whaling National Historical Park (11 mi)
- National parks include
- New Bedford Whaling National Historical Park, Touro Synagogue National Historic Site, Roger Williams National Memorial
- Airports within 30 mi
- 18
- Nearest airport
- Wing-Over Farm Airport (8 mi)
- Nearest major airport
- New Bedford Regional Airport (EWB) (9 mi)
- Hospitals nearby (~15 mi)
- 17
- Hospitals include
- STURDY MEMORIAL HOSPITAL, ARBOUR-FULLER HOSPITAL, SAINT ANNE'S HOSPITAL
- Avg hospital rating (CMS)
- 3.2 / 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)
- +42 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,938
- Housing built before 1970
- 76.9%
- Housing built 2000 or later
- 4.1%
- Median annual property tax
- $3,728
- Mean commute to work
- 23 min
- Households with broadband internet
- 65.0%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 199,048
- Average weekly wage
- $1,170
- Top industries (by employment)
- Health Care, Accommodation & Food, Construction
- Annual residential building permits (county)
- 306
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 02723 | State median | US median | |
|---|---|---|---|
| Median home value | $446,254 | $625,940 | $289,727 |
| Median sale price | $415,000 | $585,000 | $325,000 |
| Median days on market | 145 days | 27 days | 51 days |
| Typical rent | $1,763/mo | $2,768/mo | $1,808/mo |
| Median annual property tax | $3,728 | $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 02723?
- $446,254.
- What is the median sale price in ZIP 02723?
- $415,000.
- How long do homes take to sell in ZIP 02723?
- Median days on market: 145 days.
- What is typical rent in ZIP 02723?
- Typical rent: $1,763/month.
- What is the natural-hazard risk in ZIP 02723?
- Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: iceStorm, inlandFlooding, strongWind, coastalFlooding, coldWave.
- Is ZIP 02723 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in ZIP 02723?
- Risk to homes is higher than 11% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 02723?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 02723?
- 1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Re-Solve, Inc., 5 mi.
- How many schools serve ZIP 02723?
- 3 schools (1 elementary, 1 middle, 1 high) (NCES, 2022-23).
- Is ZIP 02723 walkable?
- Walkability index: 15.7/20 (EPA Smart Location Database).
- What is the air quality in ZIP 02723?
- Good. Median AQI: 42. (EPA AQI).
- What is the cost of living in ZIP 02723?
- 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 →