Quick facts: Fall river, MA

Quick Facts

110.3
Cost of Living
above US average
93,682
Population
22.38
Crime Rate per 1000
below US average
$52,734
Median Income
below US average
$459,000
Median House Price
above US average
$2277.18
Average Rent
above US average
16%
Poverty Rate
above US average
5.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,734.

🏠

Income Needed to Buy

βœ— Stretch
$144k/year
Based on $459,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $144k vs median $52,734
🏒

Income Needed to Rent

⚠ Stretch
$98k/year
Based on $2277.18/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $98k vs median $52,734
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fall river, MA

Fall River, located in Bristol County, Massachusetts, is a historic city known for its rich textile manufacturing heritage. Situated along the Taunton River, it boasts scenic waterfront views and numerous parks, including the popular Heritage State Park. Fall River has a diverse cultural scene, home to the renowned Battleship Cove, where visitors can explore a collection of historic naval vessels, including the USS Massachusetts. The city's architecture reflects its industrial past, with notable buildings like the Lizzie Borden House, famous for the infamous unsolved murder case. Fall River also hosts several events and festivals that celebrate its cultural diversity, particularly its strong Portuguese heritage. Despite economic challenges over the years, Fall River is revitalizing through community efforts and redevelopment projects. The city offers varied dining options, shopping, and recreational activities, making it an appealing location for residents and visitors alike. With its blend of history, culture, and picturesque landscapes, Fall River remains a unique part of Massachusetts.

πŸ” Search & Compare Places

First Location πŸ“