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ZIP Code · MA

ZIP 02723

Pop. 17,067·Bristol County·163rd most expensive ZIP in Massachusetts
Median rent (all units)
$1,756/mo
Year-over-Year
Stable
Month-over-Month
-1.8%
vs US Median
-$209
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 02723 · $1,756
More affordable than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,150
1 BR
$1,220
2 BR
$1,510
3 BR
$1,820
4 BR+
$2,170
Research median
$1,510/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: July 20, 2026

Annual cost
$21,072/yr
At $1,756/mo median
Location
StateMA
CountyBristol County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.8% MoM), not inventory.
Demographics

Who lives here

ZIP 02723 (Fall River, MA) is majority renter-occupied, has a median income below the national average, 13.4% of residents hold a bachelor's degree or higher.

Population
17,067
Median income
$47,633
Median age
37.4
Renters
68.2%
Age distribution
23.6%
22.8%
25.3%
14.6%
13.7%
Under 1823.6%
18–3422.8%
35–5425.3%
55–6414.6%
65+13.7%
Gender
52.2%
47.8%
Male52.2%
Female47.8%
Race & ethnicity
65.3%
14.3%
White65.3%
Black7.2%
Hispanic14.3%
Asian2%
Other11.1%
Education (25+)
24.5%
37.5%
24.7%
13.4%
No HS diploma24.5%
HS diploma37.5%
Some college24.7%
Bachelor's+13.4%
Housing tenure
31.8%
68.2%
Owner31.8%
Renter68.2%

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

2021 vs 2026

How ZIP 02723 in Fall River, MA has changed in 5 years

Income
$43,142 → $47,633
up 10.4%
Population
16,577 → 17,067
up 3.0%
Renter share
69.5% → 68.2%
-1.3 pts
Bachelor's+
9.9% → 13.4%
+3.5 pts
Median age
36.1 → 37.4
+1.3 yrs

Local incomes tracked alongside that move, going from a median of $43,142 in 2021 to $47,633 more recently. Headcount in the area went from 16,577 to 17,067 between 2021 and 2024, a 3.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 9.9% to 13.4%.

Community

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Local insights

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About renting in ZIP 02723

Last updated: July 20, 2026

ZIP code 02723 covers Fall River, MA. The median rent here is $1,756/mo as of July 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,510/mo.

At 44% of local median household income ($47,633/yr), ZIP 02723 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02723?

As of July 20, 2026, the median monthly rent in ZIP 02723 (Fall River, MA) is $1,756. This is based on aggregated data from public sources and community submissions.

How does ZIP 02723 rent compare to the US average?

ZIP 02723's median rent of $1,756/mo is $209 (11%) below the US national median of $1,965/mo.

How does ZIP 02723 compare to other ZIPs in Massachusetts?

ZIP 02723 is among the more affordable ZIP codes in Massachusetts, ranking #163 out of 168 ZIPs at $1,756/mo.

How much income do you need to rent in ZIP 02723?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,756/mo in ZIP 02723. The local median household income is $47,633/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02723?

Rent in ZIP 02723 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 02723 an affordable place to rent?

ZIP 02723 is considered stretched for renters. At $1,756/mo, rent takes approximately 44% of the local median household income ($47,633/yr). The standard benchmark is 30%. ZIP 02723 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02723 residents rent vs. own?

According to Census data, approximately 68.2% of ZIP 02723 households are renters, while 31.8% are owner-occupied. With a majority renter population, ZIP 02723 has a strong rental market.

How does ZIP 02723 compare to the rest of Fall River?

ZIP 02723 is more affordable than Fall River overall. At $1,756/mo, it's $55 below the Fall River citywide median of $1,811/mo.

When was rent data for ZIP 02723 last updated?

Rent data for ZIP 02723 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
44%
STRETCHED

At $1,756/mo, rent takes ~44% of ZIP 02723's median household income ($47,633/yr). The standard benchmark is 30%.

ZIP 02723 44%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02723 (Fall River, MA)

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