Fall River, MA · standard
ZIP Code 02723
Bristol County, Massachusetts - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 14,767
- 3,570/sq mi High-density area
- $47,633
- Median income Below-median income area
- $357,800
- Median home value Above-median home value
- 13.4%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Fall River pairs one of the lowest household incomes in the country with upper-quartile home values, in a suburban-density, renter-heavy area.
- 12th pct
- household income, US ZIPs
- Top 25%
- home value, US ZIPs
- 3,570
- people per sq mi
- 32%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 02723 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 02723 (Fall River, MA) fell -4.8% from 2023 to 2024. The all-transactions index moved from 296.7 in 2023 to 282.5 in 2024 (2000 = 100).
ZIP code 02723 is a mid-sized community (a standard USPS delivery area) in Fall River, Bristol County, Massachusetts, home to 14,767 residents across 4.1 square miles, a density of 3,570 people per square mile, in the New York time zone.
ZIP 02723 reports a modest median household income of $47,633 (59% below the average Massachusetts ZIP), while per-capita income is $30,327. The poverty rate is 22.4%, so the area-level income figures should not be treated as typical household experience. Home values sit below the statewide ZIP benchmark: the median is $357,800 (40% below the average Massachusetts ZIP), and median rent is $1,118; owner occupancy is 31.8%.
Formal educational attainment runs low here: just 13.4% of adults hold a bachelor's degree or higher, the median age is 37.4, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Bristol County, so 02723 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 02723
Top 5 sectors by establishment count in Fall River, MA
Which industries have the most business establishments in ZIP 02723.
- Construction
Construction
43 establishments
- Retail trade
Retail trade
37 establishments
- Health care and social assistance
Health care and social assistance
32 establishments
- Accommodation and food services
Accommodation and food services
29 establishments
- Other services (except public administration)
Other services (except public administration)
23 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, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; FHFA HPI updated quarterly/annually.
Quick Facts
14,767
Population
4.1
Area (sq mi)
3,570
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 02723?
37.4
Median Age
52.2%
Male
47.8%
Female
26.3%
Foreign-Born
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 ZIP avg
$30,327
Per Capita Income
22.4%
Poverty Rate
5.2%
Unemployment Rate
25.3 min
Mean Commute Time
How ZIP 02723 ranks among Massachusetts ZIPs
Fall River, MA household income vs. every Massachusetts ZIP code
Median household income among 505 reporting Massachusetts ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$47,633 2nd percentile higher than 2% of 505 Massachusetts ZIPs
Each bar is a $20K-wide band; taller bars hold more Massachusetts ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
7,943housing units
7,943
Total Housing Units
7,584
Occupied Units
359
Vacant Units
2.24
Avg Household Size
Occupancy Type
$357,800
Median Home Value
-40% vs state ZIP avg
$1,118
Median Rent
1938
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
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 02723 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 02720
Fall River (02720)
30,287 residents
- 02721
Fall River (02721)
26,290 residents
- 02747
North Dartmouth (02747)
22,927 residents
- 02724
Fall River (02724)
16,908 residents
- 02777
Swansea (02777)
15,840 residents
- 02878
Tiverton (02878)
15,780 residents
- 02790
Westport (02790)
15,717 residents
- 02726
Somerset (02726)
15,534 residents
- 02723
Fall River (02723)
14,767 residents
What this shows Among its immediate neighbors, ZIP 02723 ranks #9 by population - useful context the national average alone can't give.
ZIP 02723 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 02715
Dighton (02715)
$140,066 median income
- 02725
Somerset (02725)
$129,253 median income
- 02777
Swansea (02777)
$116,364 median income
- 02726
Somerset (02726)
$111,046 median income
- 02878
Tiverton (02878)
$106,036 median income
- 02747
North Dartmouth (02747)
$102,079 median income
- 02790
Westport (02790)
$97,250 median income
- 02720
Fall River (02720)
$62,196 median income
- 02724 $55,590
Fall River (02724)
$55,590 median income
What this shows By household income, ZIP 02723 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 02723, both outside MA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (14,767 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Bristol County
Related Areas
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.
Related
Take this with you
What to do with ZIP 02723's numbers, next.
- See how ZIP 02723 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Fall River, MA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.