Housing market/Massachusetts/ZIP 02744
ZIP 02744 New Bedford, Massachusetts
New Bedford, 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.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 02744 · MA — sent to you.
ZIP 02744 · MA
ACS rent vs 2BR SAFMR
ZIP 02744 — New Bedford, MA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 02744
- 1-unit detached1,16420.8%
- 1-unit attached1202.1%
- 2–4 units3,30458.9%
- 5–49 units82914.8%
- 50+ units1923.4%
2–4 unit share 58.9% · 5–49 unit share 14.8% · combined 2–49 73.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,133 (all bedrooms, occupied rentals).
- Median contract rent $882.
- Renters paying ≥30% of income 42.6%; ≥50% 22.8%.
- FY2027 2BR SAFMR $1,650 (1.456× ACS median gross rent).
Population
12,549 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +13.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 51 units.
- HUD project-based assisted MF: 1 properties, 44 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 02744 65.8% of occupied households are renters; vacancy is 6.6%; ACS median gross rent is $1,133; population increased +13.7% between the 2018 and 2023 ACS vintages; the housing stock includes 3,304 units in 2–4-unit structures and 829 units in 5–49-unit structures; 4 LIHTC projects totaling 51 units; FY2027 2BR SAFMR is $1,650 versus ACS median gross rent of $1,133. 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 02744 is a Census / HUD profile for New Bedford, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 02744 — New Bedford, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory
Nearby ZIPs in this FMR area
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 02744?
ZIP 02744 (New Bedford, MA HUD Metro FMR Area) has 12,549 residents, 5,239 households, a renter share of 65.8%, median household income of $54,841, and ACS 2023 median gross rent of $1,133. Vacancy is 6.6%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 02744?
ACS counts 970 units in 2-unit buildings, 2,334 in 3–4 unit buildings, 705 in 5–9, 92 in 10–19, and 32 in 20–49. Combined 2–49 unit stock is 4,133 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 02744?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,650. See the full schedule and 90–110% payment-standard band on the ZIP 02744 — New Bedford, MA HUD Section 8 Payment Standards / SAFMR.
Does this Massachusetts ZIP profile include Georgia listings?
No. ZIP 02744 is Census / HUD research for New Bedford, 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.