Worcester, MA—01608
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 $189,000, with a year-over-year change of 3.8%. This indicates that home prices in Worcester, MA are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $189,000 | 3.8% |
| Single Family | N/A | N/A |
| Condos | $175,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | 4.8% |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 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 $2,440, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Worcester, MA is studios: $1,850, 1-bedrooms: $2,200, 2-bedrooms: $2,810, 3-bedrooms: $2,720, 4-bedrooms: $3,520. The most common rental property sizes in Worcester, MA are 1-bedroom and 2-bedroom, accounting for 31.6% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,440 |
| Studio Rent | $2,090 | $1,850 |
| 1 Bed Rent | $2,150 | $2,200 |
| 2 Bed Rent | $2,850 | $2,810 |
| 3 Bed Rent | $2,700 | $2,720 |
| 4 Bed Rent | $3,580 | $3,520 |
% 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 69. This is a increase of 6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $167,000 | -42.0% |
Listing Count | 2 | 80.0% |
| Listings as % of Homes | 0.0% | 80.0% |
Days on Market | 69 | 6.0% |
Demographics — Worcester, MA
As of the latest ACS Survey released in 2023, Worcester, MA has a population of 4,950, which has increased by 36.1% over the past 5 years. Worcester, MA is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,950 | 36.1% |
% Under 18 | 22.1% | -7.1% |
% Seniors | 5.4% | -27.0% |
% WFH | 7.6% | 22.6% |
% w/ College Degree | 28.6% | 23.3% |
As of the latest ACS Survey released in 2023, Worcester, MA is a predominantly hispanic area, with 48.1% of the population identifying as hispanic. The hispanic population has grown by 18.5% in the last 5 years. The second most common race or ethnicity in Worcester, MA is white, making up 26.3% of the population. Foreign-born residents account for 28.1% of the population in Worcester, MA, and this percentage has increased by 20.1% 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 | 26.3% | -7.7% |
% Black | 12.2% | -54.0% |
% Hispanic | 48.1% | 18.5% |
% Asian | 8.3% | 97.6% |
% Foreign Born | 28.1% | 20.1% |
Mortgage and Risk — Worcester, MA
According to HUD data as of 2023, there were 14 mortgage originations in Worcester, MA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Worcester, MA. Investor activity is high, as 21.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 21.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Worcester, MA
As of 2024, the percent of homes in Worcester, MA under the Section 8 program is 25.7%. 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 | 636 |
Total Units Section 8 | 553 |
% Rentals under Section 8 | 25.7% |
% Occupied Section 8 | 95.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$640 | $2,150 | $1,510 |
| 2 Bedroom | -$910 | $2,850 | $1,940 |
| 3 Bedroom | -$330 | $2,700 | $2,370 |
| 4 Bedroom | -$970 | $3,580 | $2,610 |
Affordability — Worcester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $189,000 |
| Median Household Income | $46,000 |