Why Live in Assonet Bay
Assonet Bay in Fall River, MA, is a scenic neighborhood nestled between the Taunton River and the Freetown-Fall River State Forest. The area is known for its natural beauty and recreational opportunities, with the forest offering over 50 miles of trails for hiking, biking, horseback riding, and cross-country skiing. The Assonet Bay Shores subdivision, developed in the 1960s, features a mix of two-to-three-bedroom ranch styles, Cape Cod cottages, and split-level homes, while contemporary-style properties and New Traditional estates from the early 2000s are closer to the water, often with private boat slips. Residents enjoy a private beach for swimming and kayaking. The neighborhood is safer than the national average, adding to its appeal. Local attractions include the Fall River Country Club, Fall River Heritage State Park, and Battleship Cove, all within a short drive. For dining and shopping, residents head to nearby RK Plaza or Fall River’s core, which offers a variety of conveniences and eateries. Children in Assonet Bay attend highly rated schools, including Apponequet Regional High School, known for its extensive Advanced Placement courses. The neighborhood's proximity to Route 24 provides easy access to Boston and Providence, with a new MBTA station expected to open in 2024, further enhancing connectivity.
Frequently Asked Questions
Is Assonet Bay a good place to live?
Assonet Bay is a good place to live. Assonet Bay is considered very car-dependent and somewhat bikeable. Assonet Bay is a suburban neighborhood. Assonet Bay has 4 parks for recreational activities. It is sparse in population with 0.7 people per acre and a median age of 43. The average household income is $129,850 which is above the national average. College graduates make up 44.7% of residents. A majority of residents in Assonet Bay are home owners, with 12.7% of residents renting and 87.3% of residents owning their home. A
local real estate agent serving Assonet Bay can help you decide if this neighborhood is the right one for you. Learn more on our
Assonet Bay neighborhood guide.
How much do you need to make to afford a house in Assonet Bay?
The median home price in Assonet Bay is $368,999. If you put a 20% down payment of $73,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,910 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Assonet Bay. The average household income in Assonet Bay is $130K.
What are the best public schools in Assonet Bay?
The best public schools that serve Assonet Bay are:
What are the most popular zip codes in Assonet Bay, Fall River, MA?
What are the most popular neighborhoods near Assonet Bay, Fall River, MA?
Are home prices dropping in Assonet Bay?
Yes, home prices in Assonet Bay are down 45% in the last 12 months.
Home Trends in Assonet Bay, MA
On average, homes in Assonet Bay, Fall River sell after 79 days on the market compared to the national average of 70 days. The median sale price for homes in Assonet Bay, Fall River over the last 12 months is $355,000, up 18% from the median home sale price over the previous 12 months.
Median Sale Price
$355,000
Median Single Family Sale Price
$355,000
Median 1 Bedroom Sale Price
$695,000
Average Price Per Sq Ft
$329
Number of Homes for Sale
2
Last 12 months Home Sales
8
Median List Price
$368,999
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
18%