JeffCroweCRE

Housing market/Massachusetts/ZIP 02720

ACS 2023 · FY2027 SAFMR

ZIP 02720 Fall River, Massachusetts

Providence-Fall River, RI-MA HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,063
Households
14,300
Median HH income
$62,907
Renter share
60.3%
Median gross rent
$1,177
Vacancy
4.3%
Pop. change
+1.2%
2BR SAFMR
$1,800
SAFMR / rent
1.529×
2–49 unit stock
9,688
LIHTC proj / units
1 / 99
HUD assisted MF
2 / 34

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02720 · MA — sent to you.

ZIP 02720 · MA

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 02720 — Fall River, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,177
2BR SAFMR$1,800
90% floor$1,620
110% ceiling$1,980

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02720

  • 1-unit detached3,86826.0%
  • 1-unit attached4553.1%
  • 2–4 units5,57037.4%
  • 5–49 units4,11827.6%
  • 50+ units8445.7%
  • Mobile440.3%
TypeUnitsShare
1-unit detached3,86825.9%
1-unit attached4553.0%
2 units (duplex)1,2248.2%
3–4 units4,34629.1%
5–9 units2,08413.9%
10–19 units1,0457.0%
20–49 units9896.6%
50+ units8445.6%
Mobile440.3%

2–4 unit share 37.3% · 5–49 unit share 27.6% · combined 2–49 64.8%.

Units by bedrooms

Studio
359
1BR
2,497
2BR
5,057
3BR
5,393
4BR
1,170
5+
464

Rent burden

Rent ≥30% of income48.6%
Rent ≥50% of income24.4%
  • ACS median gross rent $1,177 (all bedrooms, occupied rentals).
  • Median contract rent $955.
  • Renters paying ≥30% of income 48.6%; ≥50% 24.4%.
  • FY2027 2BR SAFMR $1,800 (1.529× ACS median gross rent).

Population

31,063 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.2%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 99 units.
  • HUD project-based assisted MF: 2 properties, 34 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 670 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 02720 60.3% of occupied households are renters; vacancy is 4.3%; ACS median gross rent is $1,177; population increased +1.2% between the 2018 and 2023 ACS vintages; the housing stock includes 5,570 units in 2–4-unit structures and 4,118 units in 5–49-unit structures; 1 LIHTC projects totaling 99 units; FY2027 2BR SAFMR is $1,800 versus ACS median gross rent of $1,177. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 02720 is a Census / HUD profile for Providence-Fall River, RI-MA, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02720 — Fall River, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
02703Providence-Fall River, RI-MA HUD Metro FMR Area33.9%$1,446$2,14002721Providence-Fall River, RI-MA HUD Metro FMR Area65.3%$1,010$1,56002722Providence-Fall River, RI-MA HUD Metro FMR Area——$1,80002723Providence-Fall River, RI-MA HUD Metro FMR Area67.6%$1,058$1,66002724Providence-Fall River, RI-MA HUD Metro FMR Area66.0%$1,105$1,69002725Providence-Fall River, RI-MA HUD Metro FMR Area1.5%—$1,79002726Providence-Fall River, RI-MA HUD Metro FMR Area17.3%$1,316$1,89002760Providence-Fall River, RI-MA HUD Metro FMR Area28.7%$1,386$2,65002761Providence-Fall River, RI-MA HUD Metro FMR Area——$1,80002763Providence-Fall River, RI-MA HUD Metro FMR Area30.6%$1,692$2,00002769Providence-Fall River, RI-MA HUD Metro FMR Area9.3%$1,304$1,66002771Providence-Fall River, RI-MA HUD Metro FMR Area14.9%$1,808$2,570

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 02720?

ZIP 02720 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 31,063 residents, 14,300 households, a renter share of 60.3%, median household income of $62,907, and ACS 2023 median gross rent of $1,177. Vacancy is 4.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02720?

ACS counts 1,224 units in 2-unit buildings, 4,346 in 3–4 unit buildings, 2,084 in 5–9, 1,045 in 10–19, and 989 in 20–49. Combined 2–49 unit stock is 9,688 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02720?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,800. See the full schedule and 90–110% payment-standard band on the ZIP 02720 — Fall River, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02720 is Census / HUD research for Providence-Fall River, RI-MA HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.