Home Values in New Bedford, Massachusetts — 2026 Market Report
Updated March 2026 | Buyer's Market | +2.5% YoY
The median home value in New Bedford, Massachusetts is $325,000 as of March 2026, which is below the national median of $400,000. Home values in New Bedford have increased by 2.5% over the past year and 13.1% over the last five years. With a population of 101,079 and a median household income of $42,250, the price-to-income ratio stands at 7.7x, making New Bedford affordable for the average household.
New Bedford Housing Market Conditions
| Metric | New Bedford | National Avg |
|---|---|---|
| Median Home Value | $325,000 | $400,000 |
| YoY Appreciation | +2.5% | +3.8% |
| 5-Year Appreciation | +13.1% | +22.4% |
| Price per Sq Ft | $205 | $222 |
| Days on Market | 36 days | 45 days |
| Months of Supply | 5.3 | 3.5 |
| List-to-Sale Ratio | 98.9% | 98.5% |
| Monthly Homes Sold | 67 | — |
| Foreclosure Rate | 0.77% | 0.3% |
Home Value Trends in New Bedford
A homeowner who purchased at the median price of $287,356 five years ago in New Bedford would have gained approximately $37,644 in equity, representing a 13.1% return on investment. Over the past year alone, the typical homeowner gained $7,927 in home equity.
Affordability in New Bedford, MA
With a median household income of $42,250 and a median home price of $325,000, the price-to-income ratio in New Bedford is 7.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,783 compared to estimated monthly ownership costs of $1,868 gives a rent-vs-buy ratio of 1.05. In New Bedford, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in New Bedford
The effective property tax rate in Massachusetts is 1.2%. On a home valued at $325,000, the estimated annual property tax bill is $3,900, or approximately $325/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in New Bedford is 98.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in New Bedford
Use our free calculator to estimate monthly payments for a $325,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in New Bedford, MA?
The median home value in New Bedford, Massachusetts is $325,000 as of March 2026. Home values have changed +2.5% over the past year, with a 5-year appreciation of 13.1%.
Is New Bedford a buyer's or seller's market?
New Bedford is currently a buyer's market with 5.3 months of housing supply. Homes spend an average of 36 days on market, and the list-to-sale price ratio is 98.9%. Higher inventory gives buyers more negotiating power.
Are home values going up in New Bedford?
Yes, home values in New Bedford have increased by 2.5% over the past year. The 5-year appreciation rate is 13.1%, meaning a home worth $287,356 five years ago is now worth $325,000.
Is it better to rent or buy in New Bedford?
The average monthly rent in New Bedford is $1,783, while estimated monthly homeownership costs are approximately $1,868. The price-to-rent ratio is 15.2. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Massachusetts Cities
Related Resources
Disclaimer: Home value data for New Bedford, 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.