Home Affordability in 02740
New Bedford, MA — Bristol County
The median home price in ZIP code 02740 (New Bedford) is $295,000 with a median household income of $42,000. The price-to-income ratio is 7.0x.
Median Home Price
$295,000
Median Income
$42,000
Price-to-Income
7.0x
Est. Affordable Home
$163,000
Property Tax Rate
1.55%
Annual Property Tax
$4,573
Cost of Living
98
Metro Area
Providence MSA
Down Payment Scenarios for ZIP 02740
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $8,850 | $286,150 | Yes |
| 5% | $14,750 | $280,250 | Yes |
| 10% | $29,500 | $265,500 | Yes |
| 20% | $59,000 | $236,000 | No |
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