New Bedford, MA Real Estate

According to census data in the year 2000 there were 41,511 housing units in New Bedford. This represents a 0.6% decline from 41,760 in 1990.

Of those housing units, 41,353 were located in either urbanized areas or urban clusters, and 158 were located in what is classified as a rural area.

Homeownership rate in New Bedford is about 43.8%. New Bedford's vacancy rate, including seasonal lodging, is about 8%. Average household size is 2.4 people.

The majority of houses, apartments or condos in New Bedford were built after 1941.


Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom14.20%
Two Bedrooms33.40%
Three Bedrooms40.50%
Four Bedrooms7.50%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1942
Median Value of occupied units$113,500
Median Price asked for vacant units$108,400

Rented Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1940
Median Monthly Rent asked for vacant units$392

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage7.60%
Home Equity Loan7.10%
Simple Mortgage48.60%
Debt Free36.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%