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These days, finding an affordable place to live in the New Bedford area can be challenging. Home prices in New Bedford are now at a median cost of $356,598, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,175/mo in New Bedford, primarily driven by the current value of real estate in the New Bedford area. In New Bedford, 59.81% of households rent, and 37.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Bedford is $5,077 per month. Households that rent pay about 23.14% of their income on rent here. New Bedford’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fairhaven, MA: higher priced homes
- Smith Mills, MA: higher priced homes
- North Dartmouth, MA: higher priced homes
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- South Dartmouth, MA: higher priced homes
- Kempton Croft, MA: higher priced homes
- Tinkhamtown, MA: higher priced homes
- Silver Shell Beach, MA: higher priced homes
- Mattapoisett, MA: higher priced homes
Cities with Similar Populations
- Visalia, CA: equally priced homes
- Ventura, CA: higher priced homes
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- Tyler, TX: less expensive homes
- Tulare, CA: equally priced homes
- Vacaville, CA: higher priced homes
- Temecula, CA: higher priced homes
- The Woodlands, TX: higher priced homes
- Terre Haute, IN: less expensive homes
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