Real Estate Investing in New Bedford, Massachusetts (02745)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02745 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New Bedford, MA (02745)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02745 New Bedford
This part of Bristol County is not an easy win. The 02745 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 02745 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 02745 and stronger New Bedford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 02745 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 02745 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New Bedford:
Property Strategy for 02745
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $375,261 | $1,490 | 2.9% | +9.9% | $187,630 |
| 3BR | $459,357 | $1,790 | 2.8% | +8.8% | $153,119 |
| 4BR | $482,781 | $2,230 | 3.3% | +8.7% | $120,695 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 02745 Compare?
| Metric | 02745 | New Bedford | Massachusetts |
|---|---|---|---|
| Home Value | $460,604 | $298,232 | $645,115 |
| 5-Year CAGR | 6.5% | 6.7% | 7.0% |
| Avg Rent | $2,057 | $1,853 | - |
| Cap Rate | 3.5% | 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 02745 (New Bedford, MA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $460,604 |
| Monthly Rent | $2,057 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.5%). 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 02745
Population: 25,013
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 02745
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Carlos Pacheco
Acushnet Elementary School
Albert F Ford Middle School
Hayden/McFadden
Global Learning Charter Public School
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
Is house hacking profitable in New Bedford, MA?
The a challenging house-hack environment in New Bedford, MA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How high is vacancy risk in New Bedford, MA?
New Bedford, MA sees elevated vacancy, which is reasonable relative to the broader MA rental market.
Are homes affordable in New Bedford, MA?
Typical homes in New Bedford, MA go for around $461K. The 5-year CAGR of 0.0% predictable price movement.
What are rental rates like in New Bedford, MA?
Rents in New Bedford, MA run near $2,057/mo. Compared with median home prices of $461K that produces solid gross yields for typical rentals.
Are eviction rules reasonable in New Bedford, MA?
Rental owners in New Bedford, MA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 02745 now. You don’t know where it ranks.
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How 02745 ranks in Providence-Warwick, RI-MA
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