Real Estate Investing in Fall River, Massachusetts (02724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02724 (Fall River, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 21.5% poverty rate — can affect rent collection.
What’s happening in Fall River, MA (02724)?
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Market Analysis: 02724 Fall River
Investors eyeing 02724 need to respect the fundamentals at play. Home values of $442K come alongside slower price movement and elevated management overhead.
Rent of $1,749/mo on a $442K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02724 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 02724 among MA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 66% in 02724 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 02724 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Fall River:
Property Strategy for 02724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $370,302 | $1,540 | 3.0% | +9.2% | $185,151 |
| 3BR | $432,001 | $1,860 | 3.1% | +8.9% | $144,000 |
| 4BR | $431,632 | $2,210 | 3.7% | +9.1% | $107,908 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02724 Compare?
| Metric | 02724 | Fall River | Massachusetts |
|---|---|---|---|
| Home Value | $442,415 | $450,546 | $645,115 |
| 5-Year CAGR | 6.2% | 6.1% | 7.0% |
| Avg Rent | $1,749 | $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 02724 (Fall River, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $442,415 |
| Monthly Rent | $1,749 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 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 02724
Population: 18,758
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 02724
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Henry Lord Community School
Talbot Innovation School
John J Doran
Letourneau Elementary School
Diman Regional Vocational Technical High
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 are home prices like in Fall River, MA?
The median home value in Fall River, MA is roughly $442K. That puts it reasonable relative to the MA statewide average.
Is the tenant base reliable in Fall River, MA?
Tenant demand in Fall River, MA is solid. The local workforce $1,749/mo rents across most rental classes.
How high is vacancy risk in Fall River, MA?
Fall River, MA carries elevated vacancy risk. Expect measured absorption at market rents of $1,749/mo.
Is MA a landlord-friendly state?
Landlord-friendliness in Fall River, MA is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does Fall River, MA make sense for an investment property?
With a 3.0/5 investability score, Fall River, MA ranks as a solid market for rental property investors. Median prices of $442K and rents of $1,749/mo drive the underlying numbers.
You know 02724 now. You don’t know where it ranks.
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How 02724 ranks in Providence-Warwick, RI-MA
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