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These days, finding an affordable place to live in the Fall River area can be challenging. Home prices in Fall River are now at a median cost of $403,352, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,181/mo in Fall River, primarily driven by the current value of real estate in the Fall River area. In Fall River, 65.12% of households rent, and 42.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fall River is $5,307 per month. Households that rent pay about 22.24% of their income on rent here. Fall River’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Somerset, MA: equally priced homes
- North Westport, MA: equally priced homes
- Tiverton, RI: higher priced homes
- Swansea, MA: higher priced homes
- Bristol, RI: higher priced homes
- Assonet Bay Shores, MA: higher priced homes
- Warren, RI: equally priced homes
- Westport, MA: higher priced homes
- Chartley, MA: higher priced homes
- Kempton Croft, MA: higher priced homes
Cities with Similar Populations
- Clinton Township, MI: less expensive homes
- Clarksville, TN: less expensive homes
- Carrollton, TX: equally priced homes
- Chicago, IL: less expensive homes
- Camarillo, CA: higher priced homes
- Chino Hills, CA: higher priced homes
- Chapel Hill, NC: equally priced homes
- Chattanooga, TN: less expensive homes
- Canyon Country, CA: higher priced homes
- Cincinnati, OH: less expensive homes
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