New Bedford, MA Real Estate
According to census data in the year 2000 there were 41,511 housing units in New Bedford.
This represents a 0.6% decline from 41,760 in 1990.
Of those housing units, 41,353 were located in either urbanized areas or urban clusters, and 158 were located in what is classified as a rural area.
Homeownership rate in New Bedford is about 43.8%.
New Bedford's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in New Bedford were built after 1941.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 14.20% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 7.50% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $113,500 |
| Median Price asked for vacant units | $108,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $392 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 48.60% |
| Debt Free | 36.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
