ZIP Code 02723

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Source:

Fall River · Bristol County · Massachusetts

Population
14,767

3,570/sq mi

Median income
$47,633

▼ 38% vs US

higher than 12% of US ZIPs

Median home value
$357,800

▲ 29% vs US

higher than 75% of US ZIPs

Bachelor's or higher
13.4%

Median age 37.4

Land area
4.1 sq mi

New York

ZIP code 02723 in Fall River, Massachusetts has a population of 14,767. The median household income is $47,633, which is 38% below the national average. Median home value is $357,800, 29% above the US average. 13.4% of residents hold a bachelor's degree or higher.

ZIP code 02723 is classified by USPS as a standard delivery area and covers roughly 4.1 square miles in Fall River, Bristol County, Massachusetts. The area is home to 14,767 residents, producing a population density of 3,570 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 02723 against Massachusetts and the nation.

On the economic side, the median household income for ZIP 02723 sits at $47,633 (59% below the Massachusetts average), while per-capita income is $30,327. The poverty rate stands at 22.4% and the unemployment rate at 5.2%. On housing, the median home value is $357,800 (40% below the state average) with median rent at $1,118 per month, and 31.8% of occupied units are owner-occupied, a direct signal of whether 02723 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 13.4% of adults hold a bachelor's degree or higher, the median age is 37.4, and the average commute is 25 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Bristol County, so you can benchmark 02723 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 02723

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 02723.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 02723, Fall River, MA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

14,767

Population

4.1

Area (sq mi)

3,570

People / sq mi

New York

Time Zone

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ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 02723?

37.4

Median Age

52.2%

Male

47.8%

Female

26.3%

Foreign-Born

White 65.3%
African American 7.2%
Asian 2.0%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.3%
Two or More Ethnicities 14.6%
Hispanic or Latino 14.3%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$47,633

Median Household Income

-59% vs state

$30,327

Per Capita Income

22.4%

Poverty Rate

5.2%

Unemployment Rate

25.3 min

Mean Commute Time

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 50.8%
Bachelor's Degree or Higher 13.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

7,943

Total Housing Units

7,584

Occupied Units

359

Vacant Units

2.24

Avg Household Size

Occupancy Type

Owner 31.8%
Renter 68.2%

$357,800

Median Home Value

-40% vs state

$1,118

Median Rent

1938

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

-4.8%

YoY Change (2024)

283

HPI Index (2000 = 100)

+183%

Total Change Since 2000

Home values in ZIP 02723 have decreased 4.8% over the past year (2024). Since 2000, this ZIP has seen +183% cumulative appreciation.

Year Annual Change HPI Index
2020 +7.2% 192
2021 +11.9% 215
2022 +15.8% 249
2023 +19.2% 297
2024 -4.8% 283

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 262 business establishments in ZIP 02723, employing approximately 3,003 people with a combined annual payroll of $156,381,000.

262

Businesses

3,003

Employees

$156.4M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Construction 43 16.4%
Retail trade 37 14.1%
Health care and social assistance 32 12.2%
Accommodation and food services 29 11.1%
Other services (except public administration) 23 8.8%
Professional, scientific, and technical services 20 7.6%
Manufacturing 17 6.5%
Real estate and rental and leasing 13 5.0%
Administrative and support and waste management and remediation services 13 5.0%
Finance and insurance 12 4.6%
Transportation and warehousing 10 3.8%
Wholesale trade 3 1.1%
Management of companies and enterprises 3 1.1%
Educational services 3 1.1%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 02723 vs 02721 →

ZIP Code City Population Distance
02721 Fall River, MA 26,290 1.6 mi
02720 Fall River, MA 30,287 2.8 mi
02724 Fall River, MA 16,908 2.6 mi
02725 Somerset, MA 2,631 3.1 mi
02726 Somerset, MA 15,534 4.8 mi
02878 Tiverton, RI 15,780 6.2 mi
02747 North Dartmouth, MA 22,927 6.1 mi
02790 Westport, MA 15,717 6.8 mi
02715 Dighton, MA 3,123 8.7 mi
02777 Swansea, MA 15,840 6.1 mi

More ZIP Codes in Bristol County

Frequently Asked Questions

What county is ZIP code 02723 in?
ZIP code 02723 (Fall River) is located in Bristol County, Massachusetts. Bristol County contains multiple ZIP codes, see the full list at /counties/bristol-ma.
What is the population of ZIP code 02723?
ZIP code 02723 in Fall River, MA has a population of 14,767 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 02723?
The median household income in ZIP 02723 is $47,633, which is 38% below the national average of $76,288.
What is the average home value in ZIP 02723?
The median home value in ZIP 02723 is $357,800, which is 29% above the national average of $278,155.
What is the demographic makeup of ZIP 02723?
The largest racial group in ZIP 02723 is White at 65.3%. Hispanic or Latino residents make up 14.3% of the population.
How many businesses are in ZIP code 02723?
ZIP code 02723 has 262 business establishments employing approximately 3,003 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 02723?
The top industries by establishment count in ZIP 02723 are: Construction (43), Retail trade (37), Health care and social assistance (32). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 02723?
According to the FHFA House Price Index, home values in ZIP 02723 decreased by 4.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 183%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 02723?
In ZIP code 02723, 50.8% of residents aged 25+ have a high school diploma or higher, and 13.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 02723?
The mean commute time for workers in ZIP code 02723 is 25.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 02723?
In ZIP code 02723, approximately 31.8% of occupied housing units are owner-occupied and 68.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 02723?
The poverty rate in ZIP code 02723 is 22.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Fall River, MA

Verify and explore additional data for this area using these official government sources.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.

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