02720, Fall River, MA

The 2720 zip code of Fall River, MA has a median home value of $197,000. The city has a population of approximately 100,000 and the median age is about 37 years old. The majority of homes in the zip code are occupied by families with children. Approximately 60% of households have at least one person who works outside the home.

There has been an increase in home equity and home prices in the 2720 zip code over the past five years. In 2012, the median home value was $183,000 and by 2016 that number had increased to $197,000. This trend is likely due to several factors including low interest rates and increasing demand for housing in Fall River.

While there is definitely evidence that home values have increased in this zip code over the past few years, it's important to keep in mind that these numbers are only indicative and may not reflect changes across all areas of Fall River. Additionally, while homeownership rates remain high in this area (approximately 70%), there is evidence that more people are renting than buying homes which could impact long-term trends related to housing prices.