Worcester, MA—01610
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 $363,000, with a year-over-year change of 1.7%. This indicates that home prices in Worcester, MA are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 1.7% |
| Single Family | $406,000 | 0.7% |
| Condos | $228,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | 5.2% |
2 Bed | $248,000 | 2.5% |
3 Bed | $385,000 | 2.1% |
4 Bed | $423,000 | 0.5% |
| 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 $2,120, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in Worcester, MA is studios: $1,590, 1-bedrooms: $1,520, 2-bedrooms: $1,910, 3-bedrooms: $2,380, 4-bedrooms: $2,700. The most common rental property sizes in Worcester, MA are 3-bedroom and 2-bedroom, accounting for 34.4% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,120 |
| Studio Rent | $1,500 | $1,590 |
| 1 Bed Rent | $1,650 | $1,520 |
| 2 Bed Rent | $1,850 | $1,910 |
| 3 Bed Rent | $2,400 | $2,380 |
| 4 Bed Rent | $2,650 | $2,700 |
% 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 30. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | -2.0% |
Listing Count | 7 | 100.0% |
| Listings as % of Homes | 0.0% | 100.0% |
Days on Market | 30 | -25.0% |
Demographics — Worcester, MA
As of the latest ACS Survey released in 2023, Worcester, MA has a population of 28,700, which has increased by 24.6% over the past 5 years. Worcester, MA is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 24.6% |
% Under 18 | 21.5% | 38.7% |
% Seniors | 8.9% | 18.7% |
% WFH | 7.8% | 30.0% |
% w/ College Degree | 18.3% | 16.6% |
As of the latest ACS Survey released in 2023, Worcester, MA is a predominantly hispanic area, with 41.9% of the population identifying as hispanic. The hispanic population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Worcester, MA is white, making up 33.6% of the population. Foreign-born residents account for 27.3% of the population in Worcester, MA, and this percentage has increased by 8.3% 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 | 33.6% | -17.0% |
% Black | 13.5% | 3.1% |
% Hispanic | 41.9% | 14.8% |
% Asian | 6.3% | -30.0% |
% Foreign Born | 27.3% | 8.3% |
Mortgage and Risk — Worcester, MA
According to HUD data as of 2023, there were 80 mortgage originations in Worcester, MA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Worcester, MA. Investor activity is high, as 28.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 28.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Worcester, MA
As of 2024, the percent of homes in Worcester, MA under the Section 8 program is 14.0%. This is considered low, suggesting that the neighborhood is sparsely 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 | 1,465 |
Total Units Section 8 | 1,089 |
% Rentals under Section 8 | 14.0% |
% Occupied Section 8 | 94.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$360 | $1,650 | $1,290 |
| 2 Bedroom | -$190 | $1,850 | $1,660 |
| 3 Bedroom | -$370 | $2,400 | $2,030 |
| 4 Bedroom | -$420 | $2,650 | $2,230 |
Affordability — Worcester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $363,000 |
| Median Household Income | $43,800 |