Home prices
The median home cost in New Bedford is $226,900. This is about $107,220 (32%) lower compared to the surrounding areas.It is roughly $9,400 (4%) higher compared to the entire country, and in comparison to the city of Boston it is about $305,800 (57%) lower.
Rents
In New Bedford the median monthly rent is $847. Compared to the surrounding areas it is roughly $46 (5%) lower.Compared to the entire country it is roughly $215 (20%) lower, and is approximately $773 (47%) lower in comparison to the city of Boston.
Nearby places
Acushnet Center
Acushnet Center is New Bedford's neighbor to the northeast. The housing prices there are a little more expensive. Acushnet Center's median home value is $251,800, which is $24,900 (9%) higher than New Bedford. The rent there is somewhat less expensive. The median rent in Acushnet Center is $798 a month, which is $49 (6%) lower than New Bedford.
Smith Mills
Smith Mills is New Bedford's neighbor to the southwest. Housing prices there are somewhat more expensive. The median home in Smith Mills costs $305,700, which works out to $78,800 (25%) higher than New Bedford. Rent there is a lot less expensive. The median rent in Smith Mills is $560 per month, which is $287 (51%) lower than New Bedford.
Bliss Corner
Bliss Corner is New Bedford's neighbor to the south. Its housing prices are a bit more expensive. The median home in Bliss Corner costs $320,100, which comes out to $93,200 (29%) higher than New Bedford. Rent there is pretty similar. The median rent in Bliss Corner is $829 per month, which is $18 (2%) lower than New Bedford.
Mattapoisett Center
Mattapoisett Center is roughly 6 miles east from New Bedford. The real estate prices there are a lot more expensive. Mattapoisett Center's median home cost is $500,000, which comes out to $273,100 (54%) higher than New Bedford. The rent there is a little more expensive. Mattapoisett Center's median rent is $1,222 a month, which works out to $375 (30%) higher than New Bedford.
North Westport
North Westport is roughly 6 miles west of New Bedford. Real estate prices there are somewhat more expensive. The median home in North Westport is valued at $293,000, which comes out to $66,100 (22%) higher than New Bedford. Its rents are a bit more expensive. In North Westport the median monthly rent is $1,057, which works out to $210 (19%) higher than New Bedford.