Worcester, MA—01602

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$459,000

1.0% YoY Growth

Household Income

$94,400

52.9% YoY Growth

Days on Market

232.0% Longer YoY

Home Price Forecast

0.8%

Median Rent

$2,300

1.7% YoY Growth

1-Bed Rent

$1,600

8.6% YoY Growth

2-Bed Rent

$2,300

14.0% YoY Growth

3-Bed Rent

$2,400

3.2% YoY Growth

Other Zip Codes in Worcester, MA

01608 01603 01607 01604 01605 01609 01606 01610

Home Price Trends — Worcester, MA

As of May '26, the median home price in Worcester, MA is $459,000, with a year-over-year change of 1.0%. This indicates that home prices in Worcester, MA are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$459,000	1.0%
Single Family	$469,000	1.1%
Condos	$331,000	1.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,380
Studio Rent	N/A	N/A
1 Bed Rent	$1,600	$1,760
2 Bed Rent	$2,300	$2,280
3 Bed Rent	$2,400	$2,430
4 Bed Rent	$2,400	$2,800

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$520,000	-6.0%
Listing Count	66	91.0%
Listings as % of Homes	0.1%	91.0%
Days on Market	24	232.0%

Metric	Latest Census	YoY % Change
Population	25,800	8.1%
% Under 18	19.6%	18.1%
% Seniors	16.1%	-2.4%
% WFH	15.6%	147.6%
% w/ College Degree	47.4%	3.3%

Metric	Latest Census	5-Year % Change
% White	65.7%	-9.6%
% Black	9.9%	30.3%
% Hispanic	14.7%	25.6%
% Asian	5.9%	1.7%
% Foreign Born	19.0%	-5.5%

Metric	Zip Code Average
Total Loan Originations	317
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

Worcester, MA—01602

Key Metrics at a Glance

Other Zip Codes in Worcester, MA

Home Price Trends — Worcester, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Worcester, MA

% of Rental Stock

Property Listings — Worcester, MA

Demographics — Worcester, MA

Race and Ethnicity

Mortgage and Risk — Worcester, MA

Mortgages

Rentals and Section 8 — Worcester, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Worcester, MA

Home Price to Income Ratio

Worcester, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Worcester, MA

Worcester, MA

Leicester, MA

Worcester, MA

Worcester, MA

Frequently Asked Questions

Total Units under HUD	914
Total Units Section 8	816
% Rentals under Section 8	20.6%
% Occupied Section 8	90.4%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$1,600	$1,590
2 Bedroom	-$250	$2,300	$2,050
3 Bedroom	$100	$2,400	$2,500
4 Bedroom	$360	$2,400	$2,760

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$459,000
Median Household Income	$94,400

Worcester, MA—01602

Key Metrics at a Glance

Other Zip Codes in Worcester, MA

Home Price Trends — Worcester, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Worcester, MA

% of Rental Stock

Property Listings — Worcester, MA

Demographics — Worcester, MA

Race and Ethnicity

Mortgage and Risk — Worcester, MA

Mortgages

Rentals and Section 8 — Worcester, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Worcester, MA

Home Price to Income Ratio

Worcester, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Worcester, MA

Worcester, MA

Leicester, MA

Worcester, MA

Worcester, MA

Frequently Asked Questions

What is the average home price in Worcester, MA 01602?

How have home prices in Worcester, MA 01602 changed over the past year?

What is the home price projection for Worcester, MA 01602?

What are the demographics of Worcester, MA 01602?

How long does it take homes to sell in Worcester, MA 01602?

What is the average rent price in Worcester, MA 01602?