Interested in purchasing investment houses in the 02740 zip code in New Bedford, MA?
The zip code 02740 is in Bristol county with a latitude of -70.938140000000 and longitude of 41.637870000000, is in the state of Massachusetts. The average asking price of houses and condos is $174,730.00 and the average sale price was $134,719.00. 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° 38' 16.332" N, 70° 56' 17.304" W. The county F.I.P.S. is 25005. The total land area is 5.7 square miles and the water area is 0.8 square miles. The elevation in this area is 20 - 52 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 02740 is in county number 001 and is L. Sector 99, L. Segment 83, H. Sector 83, and H. Segment 83. The population was 43,927 in 2019 and 43,087 in 2010. This further breaks down to 20,810 males (47.4%) and 23,118 females (52.6%). The median age of residents is 37.5 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 7,727. This zip code has a combined total of 20,003 houses and condos. There are 11,109 rented appartments. 61% of residents rent versus the 61% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $37,481 and the average salary is $33,134. The median household income of individuals is $33,679.00 and the average is $43,320.00. This zip code has a mean commute time to work of 26.0 minutes. The unemployment rate is 4.7%. Income earners by percent breakdown as 66.50% (Under $50,000), 25.00% ($50,000-$100,000), and 8.60% earn over $100,000. 17.5% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 133.0. The educational breakdown is 77.9% have a high school education or higher, 20.6% have a bachelor's degree or higher, and 7.3% have some kind of profesional degree.
This area has 17,884 households and the average size is 2.3 people. Individuals who are single and have never been married are 44.9%, 33.3% are now married, 2.8% are separated, 7.1% are widowed, and 12.0% are divorced. The average yearly contribution amount given by people to charity was $1,916 versus the state average of $4,208. The percent of residents who gave to charity was 14.2%.
The estimated median value of houses and condos is $243,486. The median monthly owner costs of mortgage holders was $1,620, where as the costs for those who don't have a mortgage are $648. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $3,352. 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 1.4% which amounted to an average tax amount of $3,341. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $3,380. Reported taxable interest for persons was $664, dividends $3,101, capital gains +$7,955, and itemized deductions $17,679. The average earned income tax credit is $2,200. The percent of individuals that use a tax preparer is 60.3%. The total average income taxes paid by individuals was $6,611. Businesses reported an average profit of $16,240.
Fathoms Bar & Grill
255 Popes Is, New Bedford, MA 02740
Brick Pizzeria Napoletana
163 Union St, New Bedford, MA 02740
Portobellos
555 Pleasant St, New Bedford, MA 02740
Spicy Lime
522 Pleasant St, New Bedford, MA 02740
Knuckle Heads
85 Macarthur Dr, New Bedford, MA 02740
Waterfront Grille
36 Homers Wharf, New Bedford, MA 02740
Cove Surf & Turf
1500 Cove Rd, New Bedford, MA 02740
The Baker
562 Pleasant St, New Bedford, MA 02740
Miguel's Restaurant
253 Union St, New Bedford, MA 02740
No Problemo
813 Purchase St, New Bedford, MA 02740
Cork Wine & Tapas Bar
90 Front St, New Bedford, MA 02740
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