Home Values in Fall River, Massachusetts — 2026 Market Report
Updated March 2026 | Buyer's Market | +5% YoY
The median home value in Fall River, Massachusetts is $335,000 as of March 2026, which is below the national median of $400,000. Home values in Fall River have increased by 5% over the past year and 27.6% over the last five years. With a population of 93,885 and a median household income of $42,250, the price-to-income ratio stands at 7.9x, making Fall River affordable for the average household.
Fall River Housing Market Conditions
| Metric | Fall River | National Avg |
|---|---|---|
| Median Home Value | $335,000 | $400,000 |
| YoY Appreciation | +5% | +3.8% |
| 5-Year Appreciation | +27.6% | +22.4% |
| Price per Sq Ft | $179 | $222 |
| Days on Market | 36 days | 45 days |
| Months of Supply | 5.1 | 3.5 |
| List-to-Sale Ratio | 100.9% | 98.5% |
| Monthly Homes Sold | 44 | — |
| Foreclosure Rate | 0.73% | 0.3% |
Home Value Trends in Fall River
A homeowner who purchased at the median price of $262,539 five years ago in Fall River would have gained approximately $72,461 in equity, representing a 27.6% return on investment. Over the past year alone, the typical homeowner gained $15,952 in home equity.
Affordability in Fall River, MA
With a median household income of $42,250 and a median home price of $335,000, the price-to-income ratio in Fall River is 7.9x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,667 compared to estimated monthly ownership costs of $1,927 gives a rent-vs-buy ratio of 0.72. In Fall River, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Fall River
The effective property tax rate in Massachusetts is 1.2%. On a home valued at $335,000, the estimated annual property tax bill is $4,020, or approximately $335/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Fall River is 100.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Fall River, MA?
The median home value in Fall River, Massachusetts is $335,000 as of March 2026. Home values have changed +5% over the past year, with a 5-year appreciation of 27.6%.
Is Fall River a buyer's or seller's market?
Fall River is currently a buyer's market with 5.1 months of housing supply. Homes spend an average of 36 days on market, and the list-to-sale price ratio is 100.9%. Higher inventory gives buyers more negotiating power.
Are home values going up in Fall River?
Yes, home values in Fall River have increased by 5% over the past year. The 5-year appreciation rate is 27.6%, meaning a home worth $262,539 five years ago is now worth $335,000.
Is it better to rent or buy in Fall River?
The average monthly rent in Fall River is $2,667, while estimated monthly homeownership costs are approximately $1,927. The price-to-rent ratio is 10.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Fall River, Massachusetts is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.