Worcester, MA—01609
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 $537,000, with a year-over-year change of 1.1%. This indicates that home prices in Worcester, MA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $537,000 | 1.1% |
| Single Family | $593,000 | 0.9% |
| Condos | $316,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $252,000 | -0.4% |
2 Bed | $386,000 | 0.5% |
3 Bed | $530,000 | 1.0% |
4 Bed | $651,000 | 0.9% |
| 5 Bed | $754,000 | 0.7% |
% of Housing Stock
Rental Trends — Worcester, MA
As of July '25, Rentcast reports the average rent in Worcester, MA is $2,040, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Worcester, MA is studios: $1,570, 1-bedrooms: $1,710, 2-bedrooms: $1,870, 3-bedrooms: $2,440, 4-bedrooms: $2,960. The most common rental property sizes in Worcester, MA are 1-bedroom and 2-bedroom, accounting for 39.5% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,040 |
| Studio Rent | $1,500 | $1,570 |
| 1 Bed Rent | $1,650 | $1,710 |
| 2 Bed Rent | $1,800 | $1,870 |
| 3 Bed Rent | $2,250 | $2,440 |
| 4 Bed Rent | $2,400 | $2,960 |
% 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 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $655,000 | 6.0% |
Listing Count | 26 | 7.0% |
| Listings as % of Homes | 0.1% | 7.0% |
Days on Market | 60 | 9.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 9.7% |
% Under 18 | 12.8% | 20.8% |
% Seniors | 13.8% | -19.3% |
% WFH | 14.1% | 171.2% |
% w/ College Degree | 48.5% | 15.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $537,000 |
| Median Household Income | $61,400 |