Market Overview
Home Prices in New Bedford, MA
The median home value in New Bedford, MA is $449,676 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Bedford are priced10% above average. New Bedford is part of the Providence-Warwick, RI-MA metro area.
Over the past five years, New Bedford home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
New Bedford Home Price Trend
City Comparison
New Bedford vs. National Median
At $449,676, homes in New Bedford cost 10% above the national median of $410,000. Buyers in New Bedford should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in New Bedford?
20% Down Payment
$89,935
on $449,676
Monthly P&I
$2,345/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,978/mo
incl. taxes & insurance
Income Needed
$119,120
gross annual (30% rule)
10% Down Option
$44,968
+ PMI applies
Loan Amount (20% dn)
$359,741
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Bedford, MA?
The median home value in New Bedford is $449,676 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in New Bedford?
Over the past year, home values in New Bedford have increased by 3.4%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in New Bedford?
To comfortably afford the median home price of $449,676 with a 20% down payment ($89,935) at today's rates (6.8%), you'd need a gross annual income of approximately $119,120. This assumes keeping total housing costs at or below 30% of gross income.
How does New Bedford compare to the national average home price?
The national median home value is approximately $410,000. At $449,676, homes in New Bedford are 10% above the national average.
What metro area is New Bedford part of?
New Bedford is part of the Providence-Warwick, RI-MA metropolitan area. Home prices and market conditions can vary across the broader metro region.