The housing market in Worcester, MA is a booming one. The median value of homes in the area is $365,400 which is significantly higher than the national median value of $338,100. Furthermore, the 1 year appreciation rate for houses in Worcester, MA is 11.83%, which is higher than the national average of 8.27%. This shows that investing in housing in Worcester would yield an attractive return on investment and therefore more and more people are looking to purchase homes in this area.
The median home cost in Worcester is $365,400. Home appreciation the last 10 years has been 101.4%. Home Appreciation in Worcester is up 11.3%.
Average Age of Homes
- The median age of Worcester real estate is 75 years old
The Rental Market in Worcester
- Renters make up 50.6% of the Worcester population
- 1.8% of houses and apartments in Worcester, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.