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New Bedford city, MA

ZIP 02740 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02740

Median Home Value
$303,400
Median Rent
$876
Affordability Snapshot
$84,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,949/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02740 in New Bedford city, MA, a household would need roughly $84,000 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 $1,949. That is about 54% above the local median household income ($54,563), 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.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
37.9%-42% vs US avg
x
Vacancy Rate
4.6%-55% vs US avg
x
Broadband Access
84.3%-3% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
5.7%-55% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$303,400
Home Value
$876
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached29.3%
  • 1-unit attached2.1%
  • 2-9 units55.8%
  • 10+ units12.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$303,400
Median rent$876
Owner-occupied37.9%
Vacant4.6%
Price-to-income5.6x
Est. income to buy$84,000