HousingHandbookReference data

U.S. ZIP Code · MA02723

Bristol County · Providence-Warwick, RI-MA

Typical home value

$440,706[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.4%
5-year / yr
+6.9%
10-year / yr
+8.1%

Relative price

vs U.S.
+55.1%
vs metro
-15.2%
vs state
-28.0%
ZIP 02723 location in MA
Location of ZIP 02723 in MA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 02723 is worth $440,706 — 15.2% below the Providence-Warwick, RI-MA median. Over the past year, values have risen 3.4%. Homes here rent for a typical $1,765 a month — a 4.8% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,765[2]
Gross yield
4.8%[2]
Cap rate
2.9%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.0%[3]
Typical annual tax
$4,557[3]

#Climate risk

FEMA National Risk Index ratings for Bristol County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Relatively Moderate
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
17,067[3]
Median household income
$47,633[3]

#Migration

Household moves in and out of Bristol County over a year, from IRS tax-return data.

Net migration
+140[5]
Moved in
11,079
Moved out
10,939

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Diman Regional Vocational Technical High

    High · Grades 9–12 · Greater Fall River Regional Vocational Technical

    1,443 students

  • Talbot Innovation School

    Middle · Grades 6–8 · Fall River

    557 students

  • Samuel Watson

    Elementary · Grades K–5 · Fall River

    265 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.8%
Net yield (after ~40% expenses)2.9%
Annual rent$21,183

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,228
Loan principal$352,564
Down payment$88,141
Total interest paid$449,677

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.68
Monthly cost to own$2,974
Monthly rent$1,765

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
56th percentile[1]
Rental yield
30th percentile[2]
Property tax
36th percentile[3]

Frequently asked

How much is a home worth in ZIP code 02723?
The typical home in 02723 is worth $440,706, based on the Zillow Home Value Index.
Are home values rising in 02723?
Home values in 02723 are up 3.4% over the past year, and up 6.9% a year over five years.
What is the typical rent in 02723?
A typical home in 02723 rents for about $1,765 a month, a gross rental yield of 4.8%.
What is the property tax rate in 02723?
The effective property tax rate in 02723 is 1.0% — roughly $4,557 a year on a typical home.
Who lives in 02723?
ZIP code 02723 has a population of 17,067 and a median household income of $47,633.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Bradford CDP, RI

    Typical home
    $440,883
    Gross yield
  • Providence, RI

    Typical home
    $441,098
    Gross yield
    6.4%
  • East Providence, RI

    Typical home
    $442,815
    Gross yield
    5.2%
  • Fall River, MA

    Typical home
    $438,327
    Gross yield
    5.3%
  • RI

    Typical home
    $447,106
    Gross yield
  • Fall River, MA

    Typical home
    $447,383
    Gross yield
    4.7%

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