Fall River, MA Real Estate
According to census data in the year 2000 there were 41,857 housing units in Fall River.
This represents a 3.7% growth from 40,375 in 1990.
Of those housing units, 41,603 were located in either urbanized areas or urban clusters, and 254 were located in what is classified as a rural area.
Homeownership rate in Fall River is about 34.9%.
Fall River's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Fall River were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 17.70% |
| Two Bedrooms | 38.50% |
| Three Bedrooms | 34.80% |
| Four Bedrooms | 5.30% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $132,900 |
| Median Price asked for vacant units | $133,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $360 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 8.50% |
| Simple Mortgage | 52.90% |
| Debt Free | 33.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
