ZIP Code 02724
standardSource:
Fall River · Bristol County · Massachusetts
- Population
- 16,908
- Median income
- $55,590
- Median home value
- $402,800
- Bachelor's or higher
- 13.6%
- Land area
- 4.8 sq mi
3,513/sq mi
▼ 27% vs US
higher than 22% of US ZIPs
▲ 45% vs US
higher than 80% of US ZIPs
Median age 37.9
New York
ZIP code 02724 in Fall River, Massachusetts has a population of 16,908. The median household income is $55,590, which is 27% below the national average. Median home value is $402,800, 45% above the US average. 13.6% of residents hold a bachelor's degree or higher.
ZIP code 02724 is classified by USPS as a standard delivery area and covers roughly 4.8 square miles in Fall River, Bristol County, Massachusetts. The area is home to 16,908 residents, producing a population density of 3,513 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 02724 against Massachusetts and the nation.
On the economic side, the median household income for ZIP 02724 sits at $55,590 (52% below the Massachusetts average), while per-capita income is $30,484. The poverty rate stands at 20.1% and the unemployment rate at 4.5%. On housing, the median home value is $402,800 (33% below the state average) with median rent at $1,145 per month, and 33.4% of occupied units are owner-occupied, a direct signal of whether 02724 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 13.6% of adults hold a bachelor's degree or higher, the median age is 37.9, and the average commute is 26 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Bristol County, so you can benchmark 02724 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 02724
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 02724.
- Retail trade
Retail trade
47 establishments
- Construction
Construction
30 establishments
- Other services (except public administration)
Other services (except public administration)
30 establishments
- Accommodation and food services
Accommodation and food services
28 establishments
- Manufacturing
Manufacturing
20 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 02724, 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
16,908
Population
4.8
Area (sq mi)
3,513
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 02724?
37.9
Median Age
47.0%
Male
53.0%
Female
25.0%
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?
$55,590
Median Household Income
-52% vs state
$30,484
Per Capita Income
20.1%
Poverty Rate
4.5%
Unemployment Rate
25.5 min
Mean Commute Time
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?
8,844
Total Housing Units
8,283
Occupied Units
561
Vacant Units
2.23
Avg Household Size
Occupancy Type
$402,800
Median Home Value
-33% vs state
$1,145
Median Rent
1947
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
+6.5%
YoY Change (2024)
313
HPI Index (2000 = 100)
+213%
Total Change Since 2000
Home values in ZIP 02724 have increased 6.5% over the past year (2024). Since 2000, this ZIP has seen +213% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.5% | 201 |
| 2021 | +15.7% | 233 |
| 2022 | +18.7% | 277 |
| 2023 | +6.3% | 294 |
| 2024 | +6.5% | 313 |
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 228 business establishments in ZIP 02724, employing approximately 2,889 people with a combined annual payroll of $158,461,000.
228
Businesses
2,889
Employees
$158.5M
Annual Payroll
13
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 47 | 20.6% |
| Construction | 30 | 13.2% |
| Other services (except public administration) | 30 | 13.2% |
| Accommodation and food services | 28 | 12.3% |
| Manufacturing | 20 | 8.8% |
| Health care and social assistance | 17 | 7.5% |
| Professional, scientific, and technical services | 10 | 4.4% |
| Finance and insurance | 9 | 4.0% |
| Real estate and rental and leasing | 8 | 3.5% |
| Administrative and support and waste management and remediation services | 8 | 3.5% |
| Wholesale trade | 6 | 2.6% |
| Transportation and warehousing | 5 | 2.2% |
| Information | 3 | 1.3% |
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 02724 vs 02725 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 02725 | Somerset, MA | 2,631 | 2.0 mi |
| 02721 | Fall River, MA | 26,290 | 1.8 mi |
| 02723 | Fall River, MA | 14,767 | 2.6 mi |
| 02878 | Tiverton, RI | 15,780 | 5.2 mi |
| 02809 | Bristol, RI | 22,938 | 4.6 mi |
| 02777 | Swansea, MA | 15,840 | 5.3 mi |
| 02720 | Fall River, MA | 30,287 | 4.6 mi |
| 02726 | Somerset, MA | 15,534 | 5.6 mi |
| 02885 | Warren, RI | 10,627 | 5.3 mi |
| 02715 | Dighton, MA | 3,123 | 9.3 mi |
More ZIP Codes in Bristol County
Related Areas
Frequently Asked Questions
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How many businesses are in ZIP code 02724? ▼
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How have home values changed in ZIP code 02724? ▼
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What percentage of residents own vs. rent in ZIP 02724? ▼
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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.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.