Compare New Bedford, MA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in New Bedford.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New Bedford. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in New Bedford. Understand how much you need to earn to afford a home in New Bedford, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in New Bedford fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in New Bedford is right for you.
The median home value for New Bedford, MA (Bristol County) is $432,387
Based on current mortgage rates and a 10% down payment, you need to make $90,203 per year to buy the median priced home in New Bedford
With this income, you could qualify for a $389,148 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in New Bedford is $2,089
The median household income for New Bedford, MA (Bristol County) is $74,169
Based on this income, you can afford a home valued at approximately $355,530
The home price you can afford to buy based on household income in New Bedford is 82% of the median home value which means housing prices are expensive. New Bedford (Bristol County) ranks 8 out of 14 counties in Massachusetts and 2,986 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in New Bedford, MA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New Bedford (Bristol County) below.
Conforming loan limits for New Bedford, MA
FHA loan limits for New Bedford, MA