02724 ZIP Code Profile, Map, Data & Demographics

Related Place Profiles:
Fall River, MA

ZIP Code 02724: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Fall River, MA 02724

  • ZIP Code Type: STANDARD
  • County: Bristol County
  • Centroid: Latitude 41.684, Longitude -71.177
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 373
  • PO Box Addresses: 150
  • Residential Addresses: 7,384
    • Multi-Family Addresses: 2,136
    • Single Family Addresses: 5,248

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.


Fall River, MA 02724 Data & Demographics (As of July 1, 2022)


Total Population 18,324 (100%)
Population in Households 18,187 (99.3%)
Population in Families 13,276 (72.5%)
Population in Group Quarters1 137 ( 0.7%)
Population Density 8,484
Diversity Index2 60


Median Household Income $40,167
Average Household Income $65,964
% of Income for Mortgage4 42%
Per Capita Income $29,524
Wealth Index5 47


Total HU (Housing Units) 8,943 (100%)
Owner Occupied HU 2,769 (31.0%)
Renter Occupied HU 5,411 (60.5%)
Vacant Housing Units 762 ( 8.5%)
Median Home Value $316,714
Average Home Value $402,176
Housing Affordability Index3 58


Total Households 8,181
Average Household Size 2.22
Family Households 4,529
Average Family Size 3.00
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2020-2022 2022-2027
Population -0.09% -0.03%
Households 0.10% 0.03%
Families   0.03%
Median Household Income   4.28%
Per Capita Income   4.34%
Owner Occupied HU   1.01%

Fall River, MA 02724 - Peer Comparisons by Rank and Percentile

The table below compares 02724 to the other 519 ZIP Codes in Massachusetts by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 143 73rd
Population Density # 60 89th
Median Household Income # 505 3rd
Housing Affordability Index # 42 8th
Per Capita Income # 489 6th
Diversity Index # 100 81st

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.

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