ZIP Code · MA

ZIP 02721

Part of Fall River, MA

Pop. 26,521·Bristol County·155th most expensive ZIP in Massachusetts

Median rent (all units)

$1,842/mo

Year-over-Year

+7.7%

Month-over-Month

+0.1%

vs US Median

-$90

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 02721 · $1,842

More expensive than 52% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,110

1 BR

$1,190

2 BR

$1,460

3 BR

$1,760

4 BR+

$2,130

Research median

$1,460/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

Past year vs. the rest of Massachusetts

Rent in ZIP 02721 changed +7.7% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 6 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($52,841) is $1,321 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,190); a 2-bedroom is $1,460.

Rank in Fall River

2nd cheapest of 3 ZIP codes in Fall River.

From Zillow's monthly rent index (ZORI) for ZIP 02721. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,104/yr

At $1,842/mo median

Location

CityFall River

StateMA

CountyBristol County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.7% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 02721 (Fall River, MA) is majority renter-occupied, has a median income below the national average, 15% of residents hold a bachelor's degree or higher.

Population

26,521

Median income

$52,841

Median age

40.8

Renters

65.8%

Age distribution

20.6%

22.7%

27.2%

12.3%

17.1%

Under 1820.6%

18–3422.7%

35–5427.2%

55–6412.3%

65+17.1%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

66.4%

15.4%

White66.4%

Black4%

Hispanic15.4%

Asian3.6%

Other10.6%

Education (25+)

26.1%

34.8%

24.1%

15%

No HS diploma26.1%

HS diploma34.8%

Some college24.1%

Bachelor's+15%

Housing tenure

34.2%

65.8%

Owner34.2%

Renter65.8%

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

2021 vs 2026

How ZIP 02721 in Fall River, MA has changed in 5 years

Income

$47,963 → $52,841

up 10.2%

Population

26,981 → 26,521

down 1.7%

Renter share

63.2% → 65.8%

+2.6 pts

Bachelor's+

12.8% → 15%

+2.2 pts

Median age

37.9 → 40.8

+2.9 yrs

Local incomes tracked alongside that move, going from a median of $47,963 in 2021 to $52,841 more recently. Census counts show ZIP 02721 in Fall River, MA losing about 460 residents over the five-year window, down 1.7% on net. The renter share has risen from 63.2% to 65.8%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 12.8% to 15% across the same window.

Community

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Local insights

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About renting in ZIP 02721

Last updated: October 17, 2026

ZIP code 02721 covers Fall River, MA. The median rent here is $1,842/mo as of October 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,460/mo.

At 42% of local median household income ($52,841/yr), ZIP 02721 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 02721?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,842/mo in ZIP 02721. The local median household income is $52,841/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 02721?

Rent in ZIP 02721 has risen 7.7% over the past year.

How does ZIP 02721 compare to other ZIPs in Massachusetts?

ZIP 02721 is one of the more affordable among Massachusetts ZIP codes for rent, ranking #155 of 164 at $1,842/mo. Over the year to September 2026, rent in ZIP 02721 changed +7.7%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.