ZIP Code · MA

ZIP 02720

Part of Fall River, MA

Pop. 30,940·Bristol County·148th most expensive ZIP in Massachusetts

Median rent (all units)

$1,950/mo

Year-over-Year

+1.2%

Month-over-Month

Stable

vs US Median

+$18

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 02720 · $1,950

More expensive than 58% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,240

1 BR

$1,310

2 BR

$1,620

3 BR

$1,960

4 BR+

$2,320

Research median

$1,620/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 02720 usually run 2.3% below trend in December and 2.5% above it in June, about $94 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 02720 is 0.7% below its high of $1,964 in February 2026, at $1,950 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 02720 changed +1.2% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($62,196) is $1,555 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,310); a 2-bedroom is $1,620.

Rank in Fall River

3rd cheapest of 3 ZIP codes in Fall River.

From Zillow's monthly rent index (ZORI) for ZIP 02720. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,400/yr

At $1,950/mo median

Location

CityFall River

StateMA

CountyBristol County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.2% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 02720 (Fall River, MA) is majority renter-occupied, has a median income below the national average, 20.3% of residents hold a bachelor's degree or higher.

Population

30,940

Median income

$62,196

Median age

40.2

Renters

62.5%

Age distribution

16.6%

25.5%

26.2%

13.9%

17.9%

Under 1816.6%

18–3425.5%

35–5426.2%

55–6413.9%

65+17.9%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

75.3%

White75.3%

Black7.4%

Hispanic10.6%

Asian2.7%

Other3.9%

Education (25+)

18.8%

33.3%

27.6%

20.3%

No HS diploma18.8%

HS diploma33.3%

Some college27.6%

Bachelor's+20.3%

Housing tenure

37.5%

62.5%

Owner37.5%

Renter62.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 02720 in Fall River, MA has changed in 5 years

Rent

$1,544 → $1,950

up 26.3%

Income

$56,843 → $62,196

up 9.4%

Population

31,210 → 30,940

down 0.9%

Renter share

59.9% → 62.5%

+2.6 pts

Bachelor's+

22.1% → 20.3%

-1.8 pts

Since 2022, the typical rent in ZIP 02720 in Fall River, MA has increased from $1,544 to $1,950, a 26.3% change over five years. Median household income rose from $56,843 to $62,196 between 2021 and 2024, a 9.4% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 62.5% of households, compared with 59.9% five years ago. Taken together, the five-year picture in ZIP 02720 in Fall River, MA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 02720

Last updated: October 17, 2026

ZIP code 02720 covers Fall River, MA. The median rent here is $1,950/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,620/mo.

At 38% of local median household income ($62,196/yr), ZIP 02720 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02720?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,950/mo in ZIP 02720. The local median household income is $62,196/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02720?

Rent in ZIP 02720 has risen 1.2% over the past year as of September 2026. It sits 0.7% below its high of $1,964 in February 2026.

When is the cheapest time to rent in ZIP 02720?

Asking rents in ZIP 02720 are usually lowest in December, about 2.3% below their yearly trend, and highest in June, about 2.5% above it. At today's median that is a gap of roughly $94 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 02720 compare to other ZIPs in Massachusetts?

ZIP 02720 is one of the more affordable among Massachusetts ZIP codes for rent, ranking #148 of 164 at $1,950/mo. Over the year to September 2026, rent in ZIP 02720 changed +1.2%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.