| ZIP Code | 02723 |
|---|---|
| City | Fall River |
| State | Massachusetts (MA) |
| County | Bristol County |
| Area Code | 508/774 |
| Elevation | 217 ft |
| Latitude | 41.692208 |
|---|---|
| Longitude | -71.132132 |
| Timezone | New York (DST) |
| FIPS | 25005 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.6 yrs ↓ 6% since 2019 |
|---|---|
| Avg Household Size | 2.24 |
| Below Poverty | 26.1% ▲ 161% above avg |
| College Grads | 22.8% ▼ 41% below avg |
| Unemployment | 7.5% ▲ 53% above avg |
| No HS Diploma | 501 (5.4%) |
| HS Graduate | 3,738 (40.5%) |
| Some College | 1,556 (16.8%) |
| Associates | 1,339 (14.5%) |
| Bachelors | 752 (8.1%) |
| Graduate Degree | 1,355 (14.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $41,789 ▼ 45% below avg ↑ 4% since 2019 |
|---|---|
| Median Home Value | $312,900 ▲ 12% above avg ↑ 35% since 2019 |
| Home/Income Ratio | 7.5x (nat avg ~3.5x) |
| Median Rent | $1,058/mo ↑ 32% since 2019 |
| Total Units | 7,976 |
| Vacant Units | 396 |
| Avg HH Size | 2.24 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 7,976 |
|---|---|
| Vacant | 396 |
| Owner Occupied | 32.4% |
| Renter Occupied | 67.6% |
| Avg HH Size | 2.24 |
ZIP code 02723 is located in Fall River, Massachusetts, within Bristol County. With a population of 17,111, this is a moderately populated ZIP code with a relatively young community — the median age is 35.6 years. Economically, 02723 is a working-class ZIP code: the median household income of $41,789 is below the national average.
Real estate in ZIP code 02723 represents a mid-range housing market. The median home value of $312,900 is near the national average. Renters can expect to pay around $1,058 per month in median rent. This is predominantly a renter community, with 67.6% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 35% since 2019.
The population of 02723 is majority White (65.03%). Residents are less-educated — 22.8% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 26.1%. Household income has grown by 4% since 2019.
The unemployment rate in 02723 stands at 7.5%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 02723 in Fall River, MA is characterized as working-class, less-educated, and a relatively young community. With 17,111 residents, a median household income of $41,789, and a median home value of $312,900, it offers a clear picture of life in this part of Massachusetts.