Worcester, MA01609

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$537,000
1.1% YoY Growth
Median Household Income
$61,400
36.6% 5-Year Growth
Days on Market
60
9.0% Longer than last year
Home Price Forecast
2.7%
Median Rent
$1,850
5.1% YoY Growth
1-Bed Rent
$1,650
10.9% YoY Growth
2-Bed Rent
$1,800
16.9% YoY Growth
3-Bed Rent
$2,250
3.4% YoY Growth

Other Zip Codes in Worcester, MA

Property Listings — Worcester, MA

As of Oct '25, Realtor.com reports that the median days on market for a home in Worcester, MA is 60. This is a increase of 9.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$655,0006.0%
Listing Count
267.0%
Listings as % of Homes0.1%7.0%
Days on Market
609.0%
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Demographics — Worcester, MA

As of the latest ACS Survey released in 2023, Worcester, MA has a population of 23,200, which has increased by 9.7% over the past 5 years. Worcester, MA is a less popular place for families, as children make up 12.8% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.

MetricLatest CensusYoY % Change
Population
23,2009.7%
% Under 18
12.8%20.8%
% Seniors
13.8%-19.3%
% WFH
14.1%171.2%
% w/ College Degree
48.5%15.8%
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As of the latest ACS Survey released in 2023, Worcester, MA is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Worcester, MA is hispanic, making up 18.0% of the population. Foreign-born residents account for 22.4% of the population in Worcester, MA, and this percentage has increased by 12.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
60.7%-9.0%
% Black
7.5%-7.4%
% Hispanic
18.0%8.4%
% Asian
9.6%39.1%
% Foreign Born
22.4%12.0%
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Mortgage and Risk — Worcester, MA

According to HUD data as of 2023, there were 250 mortgage originations in Worcester, MA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Worcester, MA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
250
% Conventional Loans
93.0%
% Government Loans
7.0%
% Investor Loans
3.0%
% Second Loans
1.0%
% Cash Out Refinance
11.0%

Loan Activity

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Rentals and Section 8 — Worcester, MA

As of 2024, the percent of homes in Worcester, MA under the Section 8 program is 16.7%. 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
1,148
Total Units Section 8
804
% Rentals under Section 8
16.7%
% Occupied Section 8
95.1%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$270$1,650$1,380
2 Bedroom-$20$1,800$1,780
3 Bedroom-$80$2,250$2,170
4 Bedroom-$10$2,400$2,390

Affordability — Worcester, MA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio7.5
Median Home Price$537,000
Median Household Income$61,400

Worcester, MA — ZIP Code Boundary Map

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Frequently Asked Questions