Home Insurance in Fall River, Massachusetts
With a median home value of $395,500, Fall River is 12% lower than the Bristol County median.
The typical home in Fall River was built around 1945. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 63% of homes were built before 1960, about 16 points above Bristol County's 47%.
The housing stock in Fall River is 24% single-family homes and 30% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Fall River, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 35% of occupied homes in Fall River are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
79% of homes in Fall River are primarily heated with natural gas.
Bristol County's top FEMA-rated hazard is inland flooding (Relatively High), per FEMA's National Risk Index. Bristol County had 3,238 active NFIP flood policies as of September 2026. See the full Bristol County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Massachusetts is $2,134 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $395,500 |
|---|---|
| Median year built | 1945 |
| Owner-occupied share | 35% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Inland Flooding (Relatively High) |
| Active NFIP policies in Bristol County | 3,238 |
| Home insurance premium | $2,134 - statewide average (NAIC, 2023 data) |
Nearby towns
- New Bedford
- Taunton
- Attleboro
- Bridgewater Town
- North Attleborough Town
- Brockton
- Franklin Town
- Randolph Town
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)