Fall River, MA Rental Market Update – November 2024

The rental market in Fall River, MA, is showing steady growth as we move into December 2024. This charming city remains an attractive and affordable choice for renters, offering diverse options and reasonable prices compared to nearby areas. Despite slight increases in rent, Fall River remains significantly more affordable than the national median rent of $2,005. The market’s modest growth reflects increasing demand while maintaining accessibility.

Rental prices in Fall River vary widely, making it possible to find housing that fits nearly any budget. On the low end, rentals start at $500, while the high end reaches $4,500. Most rental properties are priced between $1,400 and $1,800, with the most common price point being $1,700. As of December 2024, there are 154 available rentals, providing a variety of options for prospective tenants.

The median rent in Fall River has steadily risen throughout 2024, demonstrating growing demand and a robust rental market. Key price points this year include $1,650 in January, $1,700 in July, and $1,725 in November. While rents have increased, Fall River continues to provide value, offering median rental costs that are 14% lower than the national average.

Fall River’s rental market is currently classified as cool, indicating moderate renter demand. This environment often provides renters with more negotiating power and flexible options when choosing a rental property. While Fall River’s affordability stands out, neighboring cities present higher rental costs, such as $2,200 in Acushnet, MA; $2,500 in Somerset, MA; and $1,750 in New Bedford, MA. These comparisons underscore Fall River’s appeal as a cost-effective alternative for renters seeking proximity to these areas without the premium price tag.

For renters, Fall River offers a variety of options to meet diverse needs. Its affordability, combined with a wide range of price points, makes it an excellent choice for families, professionals, and students alike. For landlords, the steady growth in rental prices and the cool market conditions make Fall River a stable and promising location for investment. Landlords can leverage tools such as online tenant screening, digital lease signing, and rental payment platforms to streamline operations and attract quality tenants.

For more detailed listings or tools to simplify managing rental properties, platforms like Zillow provide seamless solutions for both renters and landlords. With its affordability and steady growth, Fall River remains a compelling choice in the Massachusetts rental market. Whether you’re searching for a new home or seeking tenants for your property, this city offers opportunities for everyone.