Rent to own Homes in Fall River, MA
Fall River is located in southeast Massachusetts on Mt. Hope Bay at the mouth of the Taunton River. With just under 900,000 inhabitants, it is the tenth largest city in the state. The leading industries are manufacturing, health and educational services, and construction. Nearby cities are New Bedford, MA and Providence, RI. Fall River is best known for its history as a textile manufacturing giant during the 19th century and for Battleship Cove, a museum of the world's largest collection of preserved U.S. naval vessels.
Fall River, MA is a great place for affordable rent-to-own homes! With a median household income of over $46,007 and a median rent of $834, the Fall River, MA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fall River, MA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Fall River, MA Property Resources
Rent to own Homes in Cities Near Fall River, MA
- Acushnet
- Acushnet Center
- Bliss Corner
- Central Falls
- Coventry
- Cranston
- East Freetown
- East Greenwich
- East Providence
- East Taunton
- Exeter
- Hope
- Johnston
- Kingston
- Lakeville
- Lincoln
- Little Compton
- Melville
- Narragansett
- Narragansett Pier
- New Bedford
- Newport
- Newport East
- North Attleboro
- North Dartmouth
- North Dighton
- North Kingstown
- North Lakeville
- North Providence
- North Scituate
- North Seekonk
- Ocean Grove
- Pawtucket
- Portsmouth
- Providence
- Raynham
- Raynham Center
- Rehoboth
- Riverside
- Rochester
- Slocum
- Smithfield
- Smith Mills
- South Dartmouth
- Tiverton
- Valley Falls
- Wakefield
- Wakefield-Peacedale
- Warwick
- West Greenwich
Neighborhoods in Fall River, MA
Corky Row rent to own homes Niagara rent to own homes Steep Brook rent to own homes St. Annes rent to own homes Merchants Association rent to own homes Flint rent to own homes North End rent to own homes Highlands rent to own homes Bank Street rent to own homes Lower Highlands rent to own homesPopular Zip Codes in Fall River, MA
02722 rent to own homes 02720 rent to own homes 02723 rent to own homes 02721 rent to own homes 02724 rent to own homesBuying a Home in Fall River, MA
Fall River, MA is seeing rapid growth and Fall River, MA's' housing market remains not optimal with an average home price that is 18% above the 2024 national average. Fall River, MA is part of Bristol county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Bristol is 0.9% which is below the national average, which is 0.99%.
Median Home Price in Fall River, MA
Median Rent in Fall River, MA
Top Reasons to Live in Fall River MA
Housing Statistics The median sales price for homes in Fall River in the first half of 2013 was $150,000. Approximately 60.8 percent of homes are rented, 33.9 percent are owned, and 5.3 percent are vacant. The average rental vacancy rate is about 6.7 percent. Annual residential turnover is just under 15 percent. There is a small number (average 3 to 5 per month) of rent to own homes regularly available in Fall River.
Local Restaurants Fall River is a melting pot of cultures and nationalities, and its restaurants reflect this rich diversity. With a prime location on the water, the city has its fair share of seafood restaurants. LePage's Seafood and Grille, Blount Clam Shack and Waterstreet Cafe are consistently popular. Great Portuguese cuisine can be found at Estoril, Ogil, Academica Restaurante, and Liberal A Club. Patti's Pierogis serves top-rated Polish favorites. Locals praise the Italian specialties--especially the sub sandwiches--at Marzilli's Bakery and Marcucci's Bakery and Grinder. Aspara is a good pick for Vietnamese and Thai food. China Star is also a favorite for Asian food-lovers. Casual places for a hearty breakfast are Gina's, and Dunk and Munch. Hartley's Original Pork Pies and McGovern's are old Fall River establishments offering American cuisine.
Local Sports Local sports in Fall River revolve around high school athletics and professional teams from nearby Boston. Durfee High School has a top-ranked boys' basketball team, while Diman Regional High and Bishop Connelly High are regionally competitive in football. Professional sports fans from Fall River tend to follow the Boston Celtics, the Red Sox, the minor league Pawtucket Red Sox, the Boston Bruins, the New England Patriots and the New England Revolution. In addition, Fall River is home to the Stop and Shop Open, a tennis tournament that takes place annually in summer.
Neighborhoods Fall River is comprised of 13 official neighborhoods. A few of the neighborhoods are detailed here: