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Housing market/Massachusetts/ZIP 02721

ACS 2023 · FY2027 SAFMR

ZIP 02721 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
25,922
Households
11,288
Median HH income
$50,666
Renter share
65.3%
Median gross rent
$1,010
Vacancy
8.7%
Pop. change
-1.3%
2BR SAFMR
$1,560
SAFMR / rent
1.545×
2–49 unit stock
8,197
LIHTC proj / units
8 / 207
HUD assisted MF
6 / 688

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02721 · MA — sent to you.

ZIP 02721 · MA

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ACS rent vs 2BR SAFMR

ZIP 02721 — Fall River, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,010
2BR SAFMR$1,560
90% floor$1,404
110% ceiling$1,716

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

Housing stock

ACS 2023 units-in-structure · ZCTA 02721

  • 1-unit detached2,70421.9%
  • 1-unit attached2021.6%
  • 2–4 units6,16449.9%
  • 5–49 units2,03316.5%
  • 50+ units1,0948.9%
  • Mobile1611.3%
TypeUnitsShare
1-unit detached2,70421.9%
1-unit attached2021.6%
2 units (duplex)1,48912.0%
3–4 units4,67537.8%
5–9 units1,60513.0%
10–19 units2462.0%
20–49 units1821.5%
50+ units1,0948.9%
Mobile1611.3%

2–4 unit share 49.9% · 5–49 unit share 16.5% · combined 2–49 66.3%.

Units by bedrooms

Studio
331
1BR
1,939
2BR
4,172
3BR
4,881
4BR
858
5+
177

Rent burden

Rent ≥30% of income47.9%
Rent ≥50% of income21.7%
  • ACS median gross rent $1,010 (all bedrooms, occupied rentals).
  • Median contract rent $789.
  • Renters paying ≥30% of income 47.9%; ≥50% 21.7%.
  • FY2027 2BR SAFMR $1,560 (1.545× ACS median gross rent).

Population

25,922 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.3%.

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

Assisted inventory

  • LIHTC: 8 projects, 207 units.
  • HUD project-based assisted MF: 6 properties, 688 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 02721 65.3% of occupied households are renters; vacancy is 8.7%; ACS median gross rent is $1,010; population changed -1.3% between the 2018 and 2023 ACS vintages; the housing stock includes 6,164 units in 2–4-unit structures and 2,033 units in 5–49-unit structures; 8 LIHTC projects totaling 207 units; FY2027 2BR SAFMR is $1,560 versus ACS median gross rent of $1,010. 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 02721 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 02721 — 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$2,14002720Providence-Fall River, RI-MA HUD Metro FMR Area60.3%$1,177$1,80002722Providence-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 02721?

ZIP 02721 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 25,922 residents, 11,288 households, a renter share of 65.3%, median household income of $50,666, and ACS 2023 median gross rent of $1,010. Vacancy is 8.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02721?

ACS counts 1,489 units in 2-unit buildings, 4,675 in 3–4 unit buildings, 1,605 in 5–9, 246 in 10–19, and 182 in 20–49. Combined 2–49 unit stock is 8,197 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02721?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,560. See the full schedule and 90–110% payment-standard band on the ZIP 02721 — Fall River, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 02721 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.