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Fairhaven Multi-Family Homes

Fairhaven is located 54 miles south of Boston on Buzzards Bay on the South Coast in Bristol County. The city has been recognized for its scenic beauty. It is a safe, walkable, family-friendly town next to New Bedford and ten minutes from Dartmouth. Residents can enjoy a railroad right-of-way converted to a bike path and multiple parks, including the two largest -- Livesey and Cushman. Cushman Park has ball fields, tennis courts, a running track, and a bandstand. On the waterfront, the city has commercial wharves, marinas, a yacht club, and beaches, including Fort Phoenix State Reservation and the New Bedford Harbor Hurricane Barrier. These are among the most expensive and popular neighborhoods in the city with the highest appreciation rates.

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Of the 6,663 housing units in the city, 71.9-percent are owner-occupied and have a median home value of $334,408. In the city, the appreciation rate since 2000 has risen 79.17-percent, which is an average of 3.29-percent per year. There is a fairly equal mixture of houses from different decades prior to 2000 with 37.4-percent built before 1939, 30.5-percent built between 1940 and 1969, 25.4-percent built between 1970 and 1999, and 6.6-percent built since 2000. The housing units are 72.8-percent single family housing, 3.2-percent townhomes, 13.0-percent small apartment buildings, 10.5-percent apartment complexes, and 0.5-percent mobile homes. The median rent is $1,263 per month with most rental units being studios or one and two bedroom apartments.

With a population of 16,134, the city has a fairly equal mix of blue-collar and white-collar workers, but it also has more residents employed in the areas of mathematics and computers than 95-percent of the communities nationwide. The average daily commute to work is 24.4 minutes. The Southeastern Regional Transit Authority (SRTA) provides bus service to New Bedford and shuttle service to Acushnet and Mattapoisett. Among the residents, 29.21-percent have a bachelor's degree or higher. According to the 2010 census, the per capita income was $31,345, and the median household income was $60,407.

This information will help you decide if you want to buy multi-family housing in this city, but one of our knowledgeable and experienced real estate agents can help you explore and compare various markets in the area. Our agents know the current market, and potential changes in the market. They can show you various properties that should give you the highest return on your investment with the highest occupancy rates. They can share information on zoning restrictions, possible development in the different areas, and other information that is not always public knowledge. With their knowledge of the local market, our agents can help you make an offer and negotiate with the buyer, so you are able to purchase the property without paying too much. Hiring a real estate agent to act as a buyer representative for you can make your purchase and future ownership be a more positive experience.

If you are considering selling your investment property in this city, our experienced and knowledgeable real estate agents will work for you to get you the best possible price with the fastest possible sale. Our large database will provide your listing to a large number of buyers. One of our agents will work with you to create a market analysis and a marketing plan for your property. They will tell you if this is a good time to sell your property and help you set an attractive price with room to negotiate. Our agent will carefully examine all offers for any issues that might cause a buyer to delay or default on the closing. So, let us help you find a qualified buyer quickly and negotiate the best sale price for you.

For expert advice on the Boston area real estate market, contact us to buy or list a multi-family property in Fairhaven.

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