| ZIP Code | 02740 |
|---|---|
| City | New Bedford |
| State | Massachusetts (MA) |
| County | Bristol County |
| Area Code | 508/774 |
| Elevation | 87 ft |
| Latitude | 41.638171 |
|---|---|
| Longitude | -70.938398 |
| Timezone | New York (DST) |
| FIPS | 25005 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.0 yrs |
|---|---|
| Avg Household Size | 2.30 |
| Below Poverty | 19.2% ▲ 92% above avg |
| College Grads | 31.1% ▼ 20% below avg |
| Unemployment | 7.2% ▲ 47% above avg |
| No HS Diploma | 1,380 (5.3%) |
| HS Graduate | 9,402 (36.1%) |
| Some College | 3,713 (14.3%) |
| Associates | 3,450 (13.2%) |
| Bachelors | 2,674 (10.3%) |
| Graduate Degree | 5,433 (20.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $54,563 ▼ 28% below avg ↑ 29% since 2019 |
|---|---|
| Median Home Value | $303,400 ▲ 9% above avg ↑ 38% since 2019 |
| Home/Income Ratio | 5.6x (nat avg ~3.5x) |
| Median Rent | $1,052/mo ↑ 24% since 2019 |
| Total Units | 20,532 |
| Vacant Units | 946 |
| Avg HH Size | 2.30 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 20,532 |
|---|---|
| Vacant | 946 |
| Owner Occupied | 37.9% |
| Renter Occupied | 62.1% |
| Avg HH Size | 2.30 |
ZIP code 02740 is located in New Bedford, Massachusetts, within Bristol County. With a population of 46,336, this is a highly populated ZIP code with a relatively young community — the median age is 37 years. Economically, 02740 is a working-class ZIP code: the median household income of $54,563 is below the national average.
Real estate in ZIP code 02740 represents a mid-range housing market. The median home value of $303,400 is near the national average. Renters can expect to pay around $1,052 per month in median rent. This is predominantly a renter community, with 62.1% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 38% since 2019.
The population of 02740 is majority White (51.94%). Residents are moderately educated — 31.1% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 19.2%. Household income has grown by 29% since 2019.
The unemployment rate in 02740 stands at 7.2%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 72%.
Overall, ZIP code 02740 in New Bedford, MA is characterized as working-class, moderately educated, and a relatively young community. With 46,336 residents, a median household income of $54,563, and a median home value of $303,400, it offers a clear picture of life in this part of Massachusetts.