Interested in purchasing investment houses in the 02725 zip code in Somerset, MA?
The zip code 02725 is in Bristol county with a latitude of -71.184260000000 and longitude of 41.712520000000, is in the state of Massachusetts. The average asking price of houses and condos is $274,320.00 and the average sale price was $292,467.00. this regions is classified as the Providence metro area and consists of the following area codes: 508 and 774. The location in degrees is 41° 42' 45.072" N, 71° 11' 3.336" W. The county F.I.P.S. is 25005. The total land area is 2.4 square miles and the water area is 2.6 square miles. The elevation in this area is 69 - 69 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 02725 is in county number 005 and is L. Sector 10, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,514 in 2019 and 2,631 in 2010. This further breaks down to 1,312 males (52.2%) and 1,201 females (47.8%). The median age of residents is 52.0 years. The population of the greater Providence-New Bedford-Fall River, RI-MA area is 1,610,368. The population density (people per square mile) is 1,059. This zip code has a combined total of 1,098 houses and condos. There are 252 rented appartments. 27% of residents rent versus the 27% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $52,307 and the average salary is $46,513. The median household income of individuals is $63,449.00 and the average is $61,990.00. This zip code has a mean commute time to work of 22.8 minutes. The unemployment rate is 2.4%. Income earners by percent breakdown as 40.30% (Under $50,000), 34.90% ($50,000-$100,000), and 24.80% earn over $100,000. 4.9% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 130.0. The educational breakdown is 83.0% have a high school education or higher, 23.3% have a bachelor's degree or higher, and 5.6% have some kind of profesional degree.
This area has 987 households and the average size is 2.5 people. Individuals who are single and have never been married are 27.4%, 49.2% are now married, 2.7% are separated, 10.2% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $1,614 versus the state average of $4,208. The percent of residents who gave to charity was 28.3%.
The estimated median value of houses and condos is $303,085. The median monthly owner costs of mortgage holders was $1,888, where as the costs for those who don't have a mortgage are $803. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 5.3.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $4,156. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $4,899. The median housing property tax percent for residents with mortgages was 1.3% which amounted to an average tax amount of $3,855. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $4,469. Reported taxable interest for persons was $1,378, dividends $2,308, capital gains +$2,113, and itemized deductions $18,952. The average earned income tax credit is $1,800. The percent of individuals that use a tax preparer is 62.2%. The total average income taxes paid by individuals was $7,052. Businesses reported an average profit of $10,721.
Rogers Spa & Restaurant
1229 Wilbur Ave, Somerset, MA 02725
Magonis Restaurant
681 Riverside Ave, Somerset, MA 02725
Somerset Famous Pizza
1224 Wilbur Ave, Somerset, MA 02725
Fiorentine Italian Kitchen
1833 N Main St, Fall River, MA 02720 (2 miles away)
Ocean Grove Portuguese Steakhouse
317 Ocean Grove Ave, Swansea, MA 02777 (2.5 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
