ZIP Code 02724 — Fall River city, MA Demographics & Data

ZIP code 02724 covers Fall River, MA in Bristol County with a population of about 18,758.

At a glance, the area shows median age of 38.7 (near the U.S. median).

It sits in telephone area codes 508, 774; U.S. House district MA-4; the PROVIDENCE - NEW BEDFORD media market.

Median household income in ZIP 02724 is about $49,809 — about 34% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 24.1%; unemployment rate near 6.7%; 15.1% of adults with a bachelor’s degree or higher (about 18.7 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Construction, Healthcare, and Retail trade; about 9.3% of workers reporting work-from-home (about 5.9 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $368,300 — about 6% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $875 (about 25% below the U.S. median rent ($1,163)), and owner-occupancy near 34.0% (about 31.4 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 02724 in Fall River, MA, a household would need roughly $101,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,366. That is about 103% above the local median household income ($49,809), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Fall River city, MA as Relatively Moderate (composite score 89.9), which is elevated versus much of the country. The strongest component scores on US5 are flood (93.6) and hurricane (91.4). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Fall River city, MA show little to no average snow and around 49.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 885 for ZIP 02724 (Fall River city, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.