First-time buyer programs
MassHousing sets its own income and price limits for Bristol County. We check them with you before you shop.
MassHousing home loansFall River is a city in Bristol County on the eastern shore of Mount Hope Bay, at the mouth of the Quequechan River. Incorporated as a town in 1803 and as a city in 1854, it became a major textile manufacturing center, holding about one-sixth of New England's cotton-spinning capacity by 1876. Its city motto, 'We'll Try,' dates to the Great Fire of 1843, which destroyed more than 200 buildings.
Fall River uses ZIP codes 02720 through 02724, and 02790 for the Fall River post office boxes serving parts of the South End.
| Area | Zip code | Where it is |
|---|---|---|
| Government Center / downtown | 02720 | The city center around One Government Center, built over Interstate 195, near Battleship Cove on the waterfront. |
Start with Battleship Cove and Kennedy Park, then 3 more below.
A nonprofit maritime museum established in 1965 describing itself as home to the world's largest collection of World War II-era naval vessels, anchored by the battleship USS Massachusetts.
Fall River waterfront at Mount Hope Bay
A 57-acre park designed in 1868 by landscape architect Frederick Law Olmsted, bounded by South Main Street, Bradford Avenue, Middle Street and Bay Street, with recreational fields and wooded areas.
South Main Street, Fall River, MA
A roughly 2.5-mile paved bike and walking path built along former rail right-of-way through the city.
Fall River, MA
An 1845 house at 230 Second Street, now operated as a bed-and-breakfast and museum, preserved from the period of the unsolved 1892 case that made it nationally known.
230 Second Street, Fall River, MA
A contemporary art museum on Bedford Street in the downtown area.
Bedford Street, Fall River, MA
Fall River was incorporated as a town in 1803 and as a city in 1854.
The city became one of the largest textile manufacturing centers in the country, holding about one-sixth of all New England cotton-spinning capacity by 1876.
The Great Fire of 1843 destroyed more than 200 buildings in the city center, giving rise to the city motto, 'We'll Try.'
Fall River's outdoor recreation includes the Olmsted-designed Kennedy Park, the Quequechan River Rail Trail, and a Mount Hope Bay waterfront anchored by Battleship Cove.
Downtown Fall River around Government Center and the Battleship Cove waterfront has a walkable core, but much of the city's residential area is built around driving.
Approximate, without traffic.
The Southeastern Regional Transit Authority (SRTA) runs fixed bus routes in Fall River. MBTA Commuter Rail's South Coast Rail service began March 24, 2025, on the Fall River/New Bedford Line, with Fall River station connecting to Boston's South Station; a second station near Battleship Cove is proposed for a future, currently unfunded, Phase 2.
Fall River's FY2026 residential tax rate is $11.48 per $1,000 of assessed value. Commercial, industrial and personal property pay $23.58. Massachusetts assesses homes at full value, so each $100,000 of assessed value costs about $1,148 a year. The average single-family tax bill was $4,651, on an average assessed value of $405,164.
$11.48per $1,000, residential
Source: Massachusetts Division of Local Services, Tax Rates by Class and Average Single Family Tax Bill.
| Fiscal year | Residential rate |
|---|---|
| FY2022 | $12.62 |
| FY2023 | $12.27 |
| FY2024 | $11.49 |
| FY2025 | $11.45 |
| FY2026 | $11.48 |
What we check on a Fall River purchase: MassHousing limits, the flood map, the smoke certificate, new commuter rail, coastal flood zones.
MassHousing sets its own income and price limits for Bristol County. We check them with you before you shop.
MassHousing home loansFall River lies on Mount Hope Bay at the mouth of the Quequechan River, and low-lying waterfront parcels near the bay, including areas around Battleship Cove, can fall within FEMA-mapped flood zones. We check FEMA's map before you offer.
FEMA's flood map for Fall RiverMassachusetts requires the seller to get a smoke and carbon monoxide certificate from the Fall River Fire Department before the sale closes.
Fall River Fire Department pageMBTA Commuter Rail's Fall River/New Bedford Line started service on March 24, 2025, with Fall River station connecting to Boston's South Station. Buyers weighing a Boston commute should check current MBTA schedules and travel times for this new line.
Parts of Fall River near the Mount Hope Bay waterfront, including areas around Battleship Cove, fall within FEMA-mapped flood zones. We check the flood map before you make an offer on a property near the water.
All loans are subject to credit approval, underwriting, and property and program requirements. MassHousing limits and eligibility are set by MassHousing and change from time to time.
We're licensed in Massachusetts. Send us a Fall River address and we'll run the numbers, taxes included.
Who to call in Fall River.
Fall River Government Center is at One Government Center, Fall River, MA 02722. Main line: 508-324-2000.
Fall River's FY2026 residential tax rate is $11.48 per $1,000 of assessed value. Commercial, industrial and personal property pay $23.58. Massachusetts fiscal years run July 1 to June 30.
Massachusetts taxes homes on their full assessed value. If a home is assessed at $400,000, that's about $4,592 a year at $11.48 per $1,000. The bill uses the assessor's value, not the sale price.
Yes. Homes pay $11.48 per $1,000 and commercial, industrial and personal property pay $23.58.
The average single-family tax bill in Fall River was $4,651 for FY2026, on an average assessed value of $405,164.
Yes. MBTA Commuter Rail's South Coast Rail service, on the Fall River/New Bedford Line, began March 24, 2025, with Fall River station connecting to Boston's South Station.
Yes. The city provides curbside cart collection for trash and recycling, plus separate bulky-item and seasonal yard-waste collection, through contractor Capitol Waste Services.
Fall River uses ZIP codes 02720 through 02724, plus 02790.
The Southeastern Regional Transit Authority (SRTA) runs fixed bus routes in Fall River.
A nonprofit maritime museum on the Fall River waterfront, established in 1965, that describes itself as home to the world's largest collection of World War II-era naval vessels, anchored by the battleship USS Massachusetts.
Neighbors of Fall River, including across the Connecticut line where it applies. All Massachusetts town guides.