Home Price Key
Affordable
Average
Expensive
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 $263,707, lower than the Massachusetts average of $477,554.
The average cost of rent is $950/mo in New Bedford, primarily driven by the current value of real estate in the New Bedford area. While nearly 34.01% of residents own their homes outright in New Bedford, 55.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Bedford is $5,123 per month. Households that rent pay about 18.54% of their income on rent here. New Bedford's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Fairhaven, MA: higher priced homes
- Smith Mills, MA: higher priced homes
- North Dartmouth, MA: higher priced homes
- Dartmouth, MA: higher priced homes
- Acushnet, MA: higher priced homes
- 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
- Tulsa, OK: less expensive homes
- Tracy, CA: higher priced homes
- Tyler, TX: less expensive homes
- Tulare, CA: less expensive 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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