The story of this market
The typical home in New Bedford, Massachusetts sells for about $439,000, or $255 per square foot.
Prices are down 10.2% from a year ago, which gives buyers more room to negotiate. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $2,178 a month.
Monthly price momentum
Home values since 2015
+2.5%
MA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
New Bedford, Massachusetts
The New Bedford housing market is showing signs of stabilization after a period of rapid price appreciation, with inventory levels remaining tight. While year-over-year prices have adjusted downward, the city's ongoing economic development in the offshore wind sector continues to support long-term demand. Buyers are finding a more balanced market compared to previous years, though affordability remains a key factor for local residents.
No ARED county foreclosure postings attributed to New Bedford yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 3.5% year over year.
Homes spend a median of 38 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 1.38% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 20.5% — a mixed stability profile.
- Water Wizz of Cape Cod4.416.3 mi
- Funcity Adventure Park4.218.3 mi
- Jellystone Park™ Cranberry Acres4.318.4 mi
- Funcity Trampoline Park Seekonk, MA4.223.2 mi
- Seekonk Grand Prix4.423.6 mi
- King Richard’s Faire3.716.6 mi
- Newport Vineyards4.219.2 mi
- Brick Alley Pub & Restaurant4.622.4 mi
- Cisco Kitchen & Bar4.52 mi
- Flying Bridge Restaurant4.417.8 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.812.6 mi
- New Bedford Whaling Museum4.80.3 mi
- Buttonwood Park Zoo4.51.3 mi
- AMC Dartmouth Mall 114.43.4 mi
- Battleship Cove4.713 mi
- The Breakers4.722.3 mi
- Marble House4.722.9 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.812.6 mi
- Heritage Museums & Gardens4.823.1 mi
- The Elms4.722.5 mi
- DNRT Parsons Reserve Trailhead4.86.1 mi
- Thousand Trails Gateway to Cape Cod3.911.1 mi
- The Knob4.815.1 mi
- Freetown-Fall River State Forest4.511.6 mi
- Fort Phoenix State Reservation4.61.7 mi
- Bowen's Wharf4.722.5 mi
- The Cove | Restaurant & Marina4.313 mi
- Herreshoff Marine Museum4.717.9 mi
- Harbor Lights Dining Events Golf Marina4.424 mi
- New York Yacht Club Harbour Court4.723.4 mi
- Acushnet River Valley4.15.8 mi
- Heritage Hill Golf Course4.214.1 mi
- Marion Golf Club4.610.8 mi
- Allendale Country Club4.32.6 mi
- Whaling City Golf Course4.22.3 mi
- Dartmouth Mall4.23.3 mi
- Wareham Crossing4.413.6 mi
- Burlington4.212.5 mi
- Shaw's4.21.7 mi
- Shaw's4.212.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large, historic public park featuring a zoo, walking trails, and recreational facilities that serve as a major community hub.
Preserves the history of the city's whaling industry, attracting tourists and providing educational value to residents.
A critical facility supporting the offshore wind industry, driving local economic development and job creation.
New Bedford is well-suited for families and first-time homebuyers seeking more affordable entry points into the Massachusetts housing market. It also attracts investors interested in the city's ongoing economic revitalization and renters looking for a historic, coastal urban environment.
The public school system in New Bedford faces significant challenges, with many schools receiving lower ratings on national performance metrics. The district is actively working on curriculum improvements and facility upgrades to better support student outcomes.
The city is served by regional highway corridors and is currently seeing renewed focus on transit connectivity to improve access to the broader Massachusetts labor market.
New Bedford offers a rich amenity base centered on its maritime history, including the Whaling National Historical Park and a vibrant waterfront district. Residents also enjoy extensive green spaces like Buttonwood Park and proximity to coastal recreational activities.
The rental market in New Bedford is characterized by high demand and low vacancy rates, with a significant portion of the population living in renter-occupied housing. Rent prices have seen modest upward pressure, reflecting the city's ongoing appeal to commuters and those seeking more affordable options compared to the greater Boston area.
New Bedford's economy is anchored by the maritime, fishing, and emerging offshore wind sectors. The city is actively working to diversify its industrial base and attract new investment to its historic downtown and waterfront areas.
New Bedford is experiencing economic momentum driven by the expansion of the offshore wind industry and the revitalization of its historic downtown. Major infrastructure investments, including port improvements, are positioning the city as a key hub for renewable energy in the Northeast.
Development efforts are heavily focused on the revitalization of the waterfront and the conversion of historic mill buildings into mixed-use residential and commercial spaces.
Parcels in New Bedford are subject to standard municipal property taxes, with no widespread MUD or PID structures common in other regions.
New Bedford experiences crime rates that are generally higher than the national average, with property and violent crime being primary concerns. Local law enforcement continues to focus on community-based policing strategies to address these persistent regional challenges.
As a coastal city, New Bedford faces risks related to storm surges and flooding, particularly in low-lying waterfront areas. Residents are encouraged to maintain appropriate flood insurance coverage, and the city has implemented various infrastructure projects to mitigate climate-related impacts.
Property insurance premiums in New Bedford are influenced by the city's coastal location, with flood insurance being a critical consideration for many property owners.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and ACS 2023 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.