HomeMassachusettsBristol CountyNew Bedford city
New Bedford city, Massachusetts: commercial real estate data.
New Bedford city is a Census city of 100,998 people across 20.00 square miles of land, in Bristol County. Median household income is $56,981, 40.3 percent of occupied homes are owned, and the SBA record carries 77 7(a) approvals to borrowers here worth $29.1 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Bedford
What New Bedford is
- Census place typecity
- Land area20 sq mi
- Water area4.13 sq mi
- Population per square mile of land5,049
- County holding the largest share of its areaBristol County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Bedford
How many people live in New Bedford
- Population100,998
- Median age37.0
- Population under 1824,093
- Share under 1823.9 percent
- Population 65 and over15,512
- Share 65 and over15.4 percent
- Households42,271
- Family households24,080
- Share of households that are families57.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Bedford
Income and work in New Bedford
- Median household income$56,981
- Per capita income$30,556
- Civilian labor force49,713
- Employed45,599
- Unemployed4,114
- Unemployment rate8.3 percent
- Adults 25 and over67,657
- Adults 25 and over with a high school diploma or higher76.7 percent
- Adults 25 and over with a bachelor degree or higher17.0 percent
- Adults 25 and over with a graduate degree5.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Bedford
Housing in New Bedford
- Housing units44,346
- Occupied units42,271
- Vacant units2,075
- Vacancy rate4.7 percent
- Owner occupied17,040
- Renter occupied25,231
- Ownership rate40.3 percent
- Median owner-occupied home value$357,300
- Median gross rent, monthly$1,137
- Annual rent as a share of median income23.9 percent
- Single family units14,261
- Share single family32.2 percent
- Units in buildings of two or more30,050
- Share in buildings of two or more67.8 percent
- Mobile homes25 plus or minus 31
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Bedford
How New Bedford gets to work
- Workers 16 and over who commute42,102
- Commuting under 15 minutes14,050
- Share commuting under 15 minutes33.4 percent
- Commuting 30 minutes or more13,044
- Share commuting 30 minutes or more31.0 percent
- Drove alone72.1 percent
- Carpooled15.2 percent
- Public transport2.7 percent plus or minus 0.6
- Walked2.3 percent plus or minus 0.5
- Worked from home5.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Bedford
SBA loans in New Bedford (7(a))
- Approvals77
- Gross approval$29,074,800
- Average approval$377,595
- Median approval$100,000
- Ninetieth percentile approval$500,000
- Largest approval$4,600,000
- Jobs supported784
- Jobs per approval10.2
- Loans with a final outcome16
- Paid in full15
- Charged off1
- Charge-off rate over resolved loans6.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more9.1 percent
- Share to franchises5.2 percent
- Distinct lenders19
- Distinct industries by NAICS47
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Bedford
SBA loans in New Bedford (504)
- Approvals36
- Gross approval$17,313,000
- Average approval$480,917
- Median approval$314,000
- Largest approval$2,027,000
- Jobs supported196
- Loans with a final outcome9
- Charged off0
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Bristol County, not New Bedford
Bristol County context, not New Bedford figures
These are Bristol County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Bedford measurements.
- Establishments in Bristol County13,221
- Employment at those establishments, Bristol County201,320
- Covered employment, Bristol County227,971
- Average annual pay, Bristol County$64,669
- Average weekly wage, Bristol County$1,244
- Housing units permitted, Bristol County863
- Of those, single family, Bristol County514
- County product, 2024, Bristol County$36,041,041,000
- County product change over the prior year, Bristol County5.0 percent
- Average income of an arriving household, Bristol County$75,014
Every figure in this section is published for Bristol County as a whole and is not a measurement of New Bedford. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Bedford questions, answered from the record.
How many people live in New Bedford, Massachusetts?
100,998, in 42,271 households. New Bedford city covers 20.00 square miles of land, which is 5,049 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Bedford in?
Bristol County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Bedford?
$56,981. The median owner-occupied home is valued at $357,300. Median gross rent is $1,137 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Bedford businesses?
77 7(a) approvals totalling $29.1 m, across 19 lenders, median approval $100,000, plus 36 504 approvals worth $17.3 m. These count approvals to borrowers whose address is in New Bedford, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Bedford borrowers get paid back?
Of the 16 loans that have reached a final outcome, 15 were paid in full and 1 charged off, a charge off rate of 6.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page New Bedford figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bristol County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Bedford.
Is zoning published for New Bedford?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.