Real Estate Investing in New Bedford, Massachusetts (02744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02744 (New Bedford, 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.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New Bedford, MA (02744)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02744 New Bedford
Not every below-median market is a bargain. New Bedford's 02744 ZIP comes in at signals that favor experienced operators who can absorb the risk $456K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 02744 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 02744 offers a low basis, the region around New Bedford has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 02744 ZIP's population of 12,549 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategy in 02744 is an operator game, not a passive one. Turning to rents, entry prices of $456K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Bedford:
Property Strategy for 02744
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $393,121 | $1,490 | 2.7% | +10.3% | $196,560 |
| 3BR | $440,180 | $1,790 | 2.9% | +9.3% | $146,727 |
| 4BR | $460,322 | $2,230 | 3.5% | +9.2% | $115,080 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02744 Compare?
| Metric | 02744 | New Bedford | Massachusetts |
|---|---|---|---|
| Home Value | $456,234 | $298,232 | $645,115 |
| 5-Year CAGR | 7.0% | 6.7% | 7.0% |
| Avg Rent | $1,582 | $1,853 | - |
| Cap Rate | 2.7% | 3.2% | - |
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 02744 (New Bedford, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $456,234 |
| Monthly Rent | $1,582 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.7%). 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 02744
Population: 12,549
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 02744
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Alfred J Gomes
East Fairhaven
James B Congdon
Sgt Wm H Carney Academy
Elizabeth Carter Brooks
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
Are rents high in New Bedford, MA?
New Bedford, MA rentals go for roughly $1,582/mo a month. That puts gross yield in solid territory relative to $456K acquisition costs.
Is the tenant base reliable in New Bedford, MA?
The renter base in New Bedford, MA is reasonable for the $1,582/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is New Bedford, MA suited for a house hack?
The a challenging house-hack environment in New Bedford, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in New Bedford, MA?
MA ranks as a tenant-protective state for landlord-tenant law. New Bedford generally follows the statewide framework, so landlords face reasonable operating rules.
Is housing expensive in New Bedford, MA?
New Bedford, MA home values average about $456K. That price point suits investors targeting rentals with $1,582/mo in monthly income.
You know 02744 now. You don’t know where it ranks.
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How 02744 ranks in Providence-Warwick, RI-MA
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