Real Estate Investing in Fall River, Massachusetts (02721)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02721 (Fall River, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.6% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Fall River, MA (02721)?
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Market Analysis: 02721 Fall River
In practical terms, ZIP 02721 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $452K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 02721 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader MA picture, 02721 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 02721 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Fall River:
Property Strategy for 02721
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $380,315 | $1,460 | 2.8% | +8.7% | $190,157 |
| 3BR | $447,542 | $1,760 | 2.8% | +8.6% | $149,181 |
| 4BR | $455,770 | $2,130 | 3.4% | +8.1% | $113,942 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02721 Compare?
| Metric | 02721 | Fall River | Massachusetts |
|---|---|---|---|
| Home Value | $451,948 | $450,546 | $645,115 |
| 5-Year CAGR | 5.5% | 6.1% | 7.0% |
| Avg Rent | $1,810 | $1,801 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02721 (Fall River, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $451,948 |
| Monthly Rent | $1,810 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +16.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02721
Population: 25,922
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02721
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Matthew J Kuss Middle
Talbot Innovation School
Carlton M. Viveiros Elementary School
Diman Regional Vocational Technical High
FRPS Early Learning Center
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,250 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Fall River, MA?
Typical homes in Fall River, MA go for around $452K. The 5-year CAGR of 0.0% consistent price movement.
Is it easy to find good tenants in Fall River, MA?
Tenant demand in Fall River, MA is solid. The local workforce $1,810/mo rents across most rental classes.
Is Fall River, MA good for landlords?
For rental operators, Fall River, MA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Does house hacking work in Fall River, MA?
House hacking works a challenging in Fall River, MA. Rents of $1,810/mo against $452K acquisition make the strategy solid for owner-occupants.
Which real estate strategy fits Fall River, MA?
The best-fit strategy in Fall River, MA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 02721 now. You don’t know where it ranks.
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How 02721 ranks in Providence-Warwick, RI-MA
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