ZIP Code 02724 — Fall River, MA Home Prices (2026)

The typical home in ZIP 02724 (Fall River, Massachusetts) is worth about $442,000 at roughly $296 per square foot — 2% more affordable than the Fall River median and 50% more expensive than the typical U.S. home.

$442,000

Typical home value

$296

Price per sq ft

#4 of 4

Fall River ZIPs by value

-2%

vs Fall River median

How 02724 compares

ZIP 02724 is one of the more affordable ZIP codes in Fall River: its typical home value of $442,000 ranks #4 of the 4 Fall River ZIP codes we track (the citywide range runs from $442,000 in 02724 to $462,000 in 02720). Per square foot it costs about $296, against $281 for Fall River as a whole, $361 for Massachusetts, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 02724	$442,000	$296
Fall River, MA	$449,000	$281
Massachusetts	$631,000	$361
United States	$294,000	$195

Home value by size in 02724

Using this ZIP’s rate of about $296 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$296,000
1,500 sq ft	$444,000
2,000 sq ft	$592,000
2,500 sq ft	$740,000
3,000 sq ft	$888,000

Salary needed to buy a home in ZIP 02724

To buy the typical $442,000 home in ZIP 02724 with 20% down, you need a household income of roughly $120,000 a year (about $2,810 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $143,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$22,100	$3,490/mo	$149,000/yr
10% (+PMI)	$44,200	$3,330/mo	$143,000/yr
20%	$88,400	$2,810/mo	$120,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 02724

At about $296 per square foot, here is roughly how much home different budgets get you in ZIP 02724:

Budget	Approx. size	What that looks like locally
$200k	680 sq ft	below the local median — condos, smaller or older homes
$250k	840 sq ft	below the local median — condos, smaller or older homes
$300k	1010 sq ft	below the local median — condos, smaller or older homes
$400k	1350 sq ft	around the typical home here
$500k	1690 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 02724 home.

Estimate a specific home in 02724

The estimator below is pre-set to ZIP 02724 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Fall River ZIP codes by home value

Where 02724 sits among Fall River’s 4 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	02720	$462,000	$283
2	02721	$452,000	$272
3	02723	$446,000	$278
4	02724 (this page)	$442,000	$296

ZIP 02724 home prices: frequently asked

What is the average home price in ZIP code 02724? +

The typical home in ZIP 02724 (Fall River, MA) is worth about $442,000 as of 2026. That is 2% more affordable than the Fall River median of $449,000 and 50% more expensive than the U.S. median of $294,000.

What is the price per square foot in 02724? +

About $296 per square foot in 02724, versus $281 across Fall River and $361 across Massachusetts. At that rate a 1,500 sq ft home runs roughly $444,000 and a 2,500 sq ft home about $740,000.

What salary do you need to buy a house in ZIP 02724? +

For the typical $442,000 home in ZIP 02724, a household income of about $120,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $143,000; with 5% down about $149,000.

Is 02724 an expensive ZIP code? +

Within Fall River, 02724 ranks #4 of 4 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Fall River. Nationally it is relatively expensive.

See the full Fall River home values page, all Massachusetts cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.