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New Bedford city, MA

ZIP 02744 — 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 02744

Median Home Value
$344,800
Median Rent
$882
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,215/mo PITI).

19%
Rent-to-Income Ratio

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

6.3x
Home Price-to-Income Ratio

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

32.6 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 02744 in New Bedford city, MA, a household would need roughly $95,000 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 $2,215. That is about 73% above the local median household income ($54,841), 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
34.1%-48% vs US avg
x
Vacancy Rate
6.6%-36% vs US avg
x
Broadband Access
80.2%-8% vs US avg
x
4+ Bedrooms
2.3%-85% vs US avg
x
Built Pre-1939
6.8%-46% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.8%-54% vs US avg
x
Mortgage-Free
49.8%+30% vs US avg
x
$344,800
Home Value
$882
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 detached20.8%
  • 1-unit attached2.1%
  • 2-9 units71.5%
  • 10+ units5.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$344,800
Median rent$882
Owner-occupied34.1%
Vacant6.6%
Price-to-income6.3x
Est. income to buy$95,000