Fall River, Massachusetts.
Typical home $448,192 (+2.1% in a year), asking rent $1,888 (+2.4%). Providence-Warwick, RI-MA metro.
to buy the typical home at today's mortgage rate — +$1,361 (+137%) since Jan 2020.
- 1 year
- Up $9,032 +2%
- $439,160$448,192 since Sep 2025
- 5 years
- Up $102,564 +30%
- $345,628$448,192 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Fall River$2,352
- Massachusetts$3,439
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Fall River, MA rose 2.1% over the past year — faster than the nation's +1.2%.
Asking rents in Fall River, MA rose 2.4% over the past year — slower than the nation's +2.7%.
Owning the typical home in Fall River runs $1,342/mo more than renting one. The gap peaked at $1,444 in Jan 2025.
That is $3,230 a month against $1,888 rent: a $2,352 mortgage payment, plus $398 property tax and $480 insurance & upkeep.
Owning vs renting — Fall River
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,230
- Renting$1,888
- Mortgage only$2,352
Property tax · $398/mo 1.07% of value a year — the ACS 2020-2024 median bill over the median home value for Bristol County, MA
Insurance & upkeep · $480/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Fall River, Bristol County, Massachusetts
Fall River is a city of 94,000 people in Bristol County. Half its households earn more than $56,673 a year and half less, against $85,625 across Bristol County; 20% of its people live below the poverty line. 35% of its homes are lived in by their owners and 65% are rented. Unemployment in Fall River was 5.6% in August 2026, and Bristol County had 1.2% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Fall River is a city of the Massachusetts South Coast, home to a large population for the region and one with a median age close to the middle of the country's range. Incomes here run well below the county's, and more households live below the poverty line than most would expect, while far more homes are rented than are owned by the people living in them. A four-year degree is held by fewer adults than in many places, and winters are cold, with the coldest weather in January and warm summers peaking in July, and a good deal of rain and melted snow across the year.
Work. Many residents work in schools, hospitals and social care, with shops, the building trades and manufacturing also employing a good number. Among the largest workplaces in Fall River are Southcoast Hospitals Group, Fall River Schools and Amazon. Unemployment is a little lower than it was a year ago, though across Bristol County there are slightly fewer jobs than the year before, and a typical commute is a modest one, with only a small group working from home.
Things to do. Battleship Cove is a museum a short drive away, and the USS Massachusetts and the USS Joseph P. Kennedy, Jr. are museums, also a short drive away. For time outdoors, Freetown Fall River State Forest is a protected area in or beside town. Those willing to travel farther can reach Gillette Stadium, a longer drive away.
Report a mistake
- 41,991households
- 16%of adults have a degree
- 20%below the poverty line
- 26 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Bristol County had 225,223 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 39° and lows near 21°; warmest in July, with highs near 82° and lows near 62°. About 46 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Bedford Municipal Airport weather station, 8 miles away (NOAA).
Largest workplaces in Fall River
- Southcoast Hospitals GroupGeneral hospital4,111FTE
- Fall River SchoolsSchool district1,989FTE
- AmazonGeneral warehousing and storage1,192
- Blount Fine FoodsFood, prepared, perishable, packaged for individual resale1,100
- Steward St. Annes HospitalGeneral hospital1,048FTE
- Bristol Community CollegeTwo-year college884
- Gold Medal BakeryCommercial bakeries625
- Demoulas Super Markets486
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 65 workplaces with 20 or more staff, 12,858 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
FEMA rates every natural hazard here relatively low or very low.
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Fall River’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Bristol County and the Providence-Warwick, RI-MA metro.
Fall River home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Fall River$448,192
- Massachusetts$655,219
- United States$366,157
Sellers are cutting prices on about 1 in 4 Fall River listings, and the typical home goes pending in 26 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Fall River26.25%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Fall River26
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Fall River154
New listings per month
Sellers arriving at the market.
- Fall River41
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Fall River$422,691
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Fall River100.69%
Zip codes with a Fall River address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Fall River — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Fall River
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 02720 | Fall River | 30,940 | $1,950 | $451,983 |
| 02721 | Fall River | 26,521 | $1,842 | $447,758 |
| 02724 | Fall River | 18,505 | $1,957 | $436,470 |
| 02723 | Fall River | 17,067 | $1,778 | $436,843 |