Worcester, MA—01607
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Worcester, MA
As of Oct '25, the median home price in Worcester, MA is $384,000, with a year-over-year change of 0.7%. This indicates that home prices in Worcester, MA are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 0.7% |
| Single Family | $415,000 | 1.0% |
| Condos | $236,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | 1.4% |
3 Bed | $433,000 | 1.2% |
4 Bed | $455,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Worcester, MA
As of July '25, Rentcast reports the average rent in Worcester, MA is $2,260, with a year-over-year rent change of 15.3%. Per bedroom, the median rent as of July '25 in Worcester, MA is 1-bedrooms: $1,650, 2-bedrooms: $2,020, 3-bedrooms: $2,680, 4-bedrooms: $3,600. The most common rental property sizes in Worcester, MA are 2-bedroom and 3-bedroom, accounting for 52.5% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,680 | $1,650 |
| 2 Bed Rent | $2,100 | $2,020 |
| 3 Bed Rent | $2,300 | $2,680 |
| 4 Bed Rent | $3,600 | $3,600 |
% of Rental Stock
Property Listings — Worcester, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Worcester, MA is 54. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 6.0% |
Listing Count | 11 | 10.0% |
| Listings as % of Homes | 0.0% | 10.0% |
Days on Market | 54 | 44.0% |
Demographics — Worcester, MA
As of the latest ACS Survey released in 2023, Worcester, MA has a population of 8,760, which has increased by 2.0% over the past 5 years. Worcester, MA is a moderately popular place for families, as children make up 16.6% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,760 | 2.0% |
% Under 18 | 16.6% | -17.0% |
% Seniors | 12.8% | 18.5% |
% WFH | 8.1% | 107.7% |
% w/ College Degree | 29.5% | 25.5% |
As of the latest ACS Survey released in 2023, Worcester, MA is a predominantly white area, with 47.5% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Worcester, MA is hispanic, making up 21.6% of the population. Foreign-born residents account for 24.3% of the population in Worcester, MA, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.5% | -11.9% |
% Black | 19.1% | -18.4% |
% Hispanic | 21.6% | 58.8% |
% Asian | 3.4% | -34.6% |
% Foreign Born | 24.3% | 12.5% |
Mortgage and Risk — Worcester, MA
According to HUD data as of 2023, there were 135 mortgage originations in Worcester, MA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Worcester, MA. Investor activity is low, as 11.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Worcester, MA
As of 2024, the percent of homes in Worcester, MA under the Section 8 program is 23.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Worcester, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 561 |
Total Units Section 8 | 497 |
% Rentals under Section 8 | 23.4% |
% Occupied Section 8 | 97.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,680 | $1,430 |
| 2 Bedroom | -$260 | $2,100 | $1,840 |
| 3 Bedroom | -$50 | $2,300 | $2,250 |
| 4 Bedroom | -$1,130 | $3,600 | $2,470 |
Affordability — Worcester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $384,000 |
| Median Household Income | $66,400 |