Home prices
Fall River's median home value is $242,200. This is approximately $31,600 (11%) lower compared to the surrounding areas.It is roughly $24,700 (11%) higher in comparison to the country as a whole, and compared to the city of Boston it is approximately $290,500 (54%) lower.
Rents
Fall River's median rent is $804 per month. In comparison to its surrounding areas this is about $194 (19%) lower.In comparison to the entire nation it is about $258 (24%) lower, and compared to the city of Boston it is approximately $816 (50%) lower.
Nearby places
Somerset
Somerset is Fall River's neighbor to the northwest. Its housing prices are somewhat more expensive. Somerset's median home cost is $279,200, which works out to $37,000 (13%) higher than Fall River. Its rents are a bit more expensive. Somerset's median rent is $1,132 a month, which is $328 (28%) higher than Fall River.
North Westport
North Westport is Fall River's neighbor to the south. Its housing prices are a little more expensive. The median home in North Westport costs $293,000, which comes out to $50,800 (17%) higher than Fall River. Rents there are somewhat more expensive. North Westport's median rent is $1,057 per month, which works out to $253 (23%) higher than Fall River.
Tiverton
Tiverton is Fall River's neighbor to the southwest. Real estate prices there are a bit more expensive. The median home in Tiverton is valued at $258,800, which comes out to $16,600 (6%) higher than Fall River. Its rents are somewhat more expensive. Tiverton's median monthly rent is $939, which is $135 (14%) higher than Fall River.
Ocean Grove
Ocean Grove is about 4 miles west of Fall River. Real estate prices there are fairly similar. The median home cost in Ocean Grove is $232,300, which is $9,900 (4%) lower than Fall River. Its rents are significantly more expensive. The median rent in Ocean Grove is $1,300 a month, which works out to $496 (38%) higher than Fall River.
Smith Mills
Smith Mills is approximately 6 miles southeast of Fall River. Its housing prices are a little more expensive. The median home in Smith Mills costs $305,700, which is $63,500 (20%) higher than Fall River. Its rents are substantially less expensive. The median rent in Smith Mills is $560 a month, which comes out to $244 (43%) lower than Fall River.
