Why Live in Fall River
Fall River's rich maritime heritage comes alive at Battleship Cove, home to the USS Massachusetts and the world's largest collection of naval ships. History buffs will appreciate the French Second Empire mansion housing the Fall River Historical Society and the infamous Lizzie Borden House. The city's outdoor spaces include the waterfront Fall River Heritage State Park, Kennedy Park, and Ruggles Park, both designed by renowned landscape architect Frederick Law Olmsted. Portuguese culture influences the local dining scene, with restaurants like Caldeiras serving authentic cuisine alongside an extensive wine list. The Cove Restaurant & Marina provides seasonal waterfront dining, while Mesa 21 blends Portuguese and American contemporary dishes.
The Fall River housing market features a range of options across distinct neighborhoods. The median sale price in Fall River is $410,000, with single family homes in the North End commanding a median price of $499,000. The Highlands Fall River area shows median single family home prices of $480,000, while Maplewood's median reaches $460,000. Assonet Bay commands the highest median single family home prices at $570,000. Condominiums present more affordable options, with median prices of $225,000 for one bedroom units and $269,900 for two bedrooms.
Property taxes in Fall River reflect Bristol County's effective rate of 1.11%, which matches neighboring New Bedford and Taunton but sits lower than Providence, Rhode Island's 1.37%. Massachusetts applies a 5% state income tax rate and a 6.25% sales tax. The city's location 50 miles south of Boston and 16 miles east of Providence provides access via Interstate 195 and Route 24. Public education includes Apponequet Regional High School, rated B+ by Niche, serving several neighborhoods including North End and Assonet Bay.
Home Trends in Fall River, MA
On average, homes in Fall River, MA sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Fall River, MA over the last 12 months is $408,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$408,000
Median Single Family Sale Price
$439,950
Median Townhouse Sale Price
$419,000
Median 2 Bedroom Sale Price
$272,450
Median 1 Bedroom Sale Price
$225,000
Average Price Per Sq Ft
$278
Number of Homes for Sale
57
Last 12 months Home Sales
380
Median List Price
$419,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%