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ZIP Code · MA

ZIP 02740

Pop. 46,281·Bristol County·150th most expensive ZIP in Massachusetts
Median rent (all units)
$1,977/mo
Year-over-Year
+10.0%
Month-over-Month
+1.4%
vs US Median
+$12
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02740 · $1,977
More expensive than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,180
2 BR
$1,470
3 BR
$1,760
4 BR+
$2,200
Research median
$1,470/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
$23,724/yr
At $1,977/mo median
Location
StateMA
CountyBristol County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.0% YoY, +1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 02740 (New Bedford, MA) is majority renter-occupied, has a median income below the national average, 17.3% of residents hold a bachelor's degree or higher.

Population
46,281
Median income
$55,237
Median age
38.1
Renters
60.4%
Age distribution
23.2%
22.1%
26.7%
16.7%
Under 1823.2%
18–3422.1%
35–5426.7%
55–6411.3%
65+16.7%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
53.4%
23.8%
14.1%
White53.4%
Black7%
Hispanic23.8%
Asian1.8%
Other14.1%
Education (25+)
22.8%
34.2%
25.7%
17.3%
No HS diploma22.8%
HS diploma34.2%
Some college25.7%
Bachelor's+17.3%
Housing tenure
39.6%
60.4%
Owner39.6%
Renter60.4%

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

2021 vs 2026

How ZIP 02740 in New Bedford, MA has changed in 5 years

Income
$47,206 → $55,237
up 17.0%
Population
45,990 → 46,281
up 0.6%
Renter share
61.9% → 60.4%
-1.5 pts
Bachelor's+
19.3% → 17.3%
-2.0 pts
Median age
37.1 → 38.1
+1.0 yrs

Median household income rose from $47,206 to $55,237 between 2021 and 2024, a 17.0% shift. Renters now make up 60.4% of households, compared with 61.9% five years ago. College-educated residents now make up 17.3% of adults here, versus 19.3% in 2021.

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Local insights

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About renting in ZIP 02740

Last updated: July 20, 2026

ZIP code 02740 covers New Bedford, MA. The median rent here is $1,977/mo as of July 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,470/mo.

At 43% of local median household income ($55,237/yr), ZIP 02740 ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02740?

As of July 20, 2026, the median monthly rent in ZIP 02740 (New Bedford, MA) is $1,977. This is based on aggregated data from public sources and community submissions.

How does ZIP 02740 rent compare to the US average?

ZIP 02740's median rent of $1,977/mo is $12 (1%) above the US national median of $1,965/mo.

How does ZIP 02740 compare to other ZIPs in Massachusetts?

ZIP 02740 is among the more affordable ZIP codes in Massachusetts, ranking #150 out of 168 ZIPs at $1,977/mo.

How much income do you need to rent in ZIP 02740?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,977/mo in ZIP 02740. The local median household income is $55,237/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02740?

Rent in ZIP 02740 has increased 10.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02740 an affordable place to rent?

ZIP 02740 is considered stretched for renters. At $1,977/mo, rent takes approximately 43% of the local median household income ($55,237/yr). The standard benchmark is 30%. ZIP 02740 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02740 residents rent vs. own?

According to Census data, approximately 60.4% of ZIP 02740 households are renters, while 39.6% are owner-occupied. With a majority renter population, ZIP 02740 has a strong rental market.

How does ZIP 02740 compare to the rest of New Bedford?

ZIP 02740 is pricier than New Bedford as a whole. At $1,977/mo, it's $61 above the New Bedford citywide median of $1,916/mo.

When was rent data for ZIP 02740 last updated?

Rent data for ZIP 02740 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
43%
STRETCHED

At $1,977/mo, rent takes ~43% of ZIP 02740's median household income ($55,237/yr). The standard benchmark is 30%.

ZIP 02740 43%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 02740 (New Bedford, MA)

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