According to statistics, the population in New Bedford, MA amounts to 95,125, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $40,626, shifting growth 6% from the past year, and the average property value in New Bedford, MA growth 4% to $211,500 throughout the year.
|Number Of Employees||43,303|
|Median Property Value||$211,500|
The average household income in New Bedford, MA grew from $38,178 to $40,626 in the past year. This data is an estimate based upon 39,491 households in New Bedford, MA . The chart below presents how household income is distributed in New Bedford, MA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in New Bedford, MA shifted from $204,100 to $211,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in New Bedford, MA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of New Bedford, MA properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New Bedford, MA compared to median property taxes around the country. The prevalent amount of property taxes in New Bedford, MA equals $3000, which is less than the national average.
During Dec 2022, the average price for an apartment in/near New Bedford, MA decreased by 2.4% to $377,945.
Knowing the current property prices is key if you plan to buy a studio in New Bedford, MA. The average price for a studio has decreased since the last month, currently being $195,000. After collecting all data points, we now see that the average price for 1-bed apartment stands at $220,000 with no changes this month. Asking price for 2-bed apartment also increased by 6.5% and a place of this size will now cost you $330,735. A 3-bed apartment goes for $376,976, it decreased by 1.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 5.3% and made it down to $395,697.
Price reports demonstrate that house price decreased by 5.4% this month making it up to $379,581. Condos are really in demand in this season. The median price for a condo increased by 18.3%, it’s now available for $252,233. You can now purchase a duplex for just $389,950, duplex price decreased by 0.2% this month. The price statistics of lofts have not significantly changed, it now still goes for $330,000. The average price of the land for sale in New Bedford, MA has decreased by 2%, and now equals $195,000.