Worcester Metro Area, MA Housing

The housing market in the Worcester, MA Metro Area is flourishing. The median value of a house in this area is $386,300, significantly higher than the US median value of $338,100. Over the past year, house appreciation in this area has been an impressive 10.26%, outpacing the national average of 8.27%. This indicates that the housing market in Worcester is strong and growing steadily. With such high values and great appreciation rates, it's no wonder why people are flocking to this area to purchase homes.

The median home cost in Worcester Metro Area is $386,300. Home appreciation the last 10 years has been 82.9%. Home Appreciation in Worcester Metro Area is up 13.0%.

Average Age of Homes

- The median age of Worcester Metro Area real estate is 54 years old

The Rental Market in Worcester Metro Area

- Renters make up 31.2% of the Worcester Metro Area population
- 1.0% of houses and apartments in Worcester Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Worcester, Massachusetts	United States
	398,682.0	139,647,020.0
	56	42
	$386,300	$338,100
	13.0%	16.6%
	54.2%	57.0%
	82.9%	101.1%
	$15.05	$10.98
	$4,522	$2,690
	61.9%	57.4%
	6.7%	11.2%
	31.5%	31.4%
Vacant Housing
	1.0%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.4%	0.4%
	1.0%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.8%	2.4%
	0.5%	2.8%
	0.5%	3.9%
	0.9%	4.5%
	5.1%	11.3%
	11.3%	13.0%
	30.3%	20.1%
	22.9%	13.6%
	12.3%	8.3%
	10.7%	9.7%
	2.4%	3.9%
	0.8%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.7%	13.6%
	8.7%	13.6%
	9.5%	13.6%
	12.4%	13.2%
	11.3%	14.8%
	9.5%	13.6%
	11.0%	10.0%
	5.6%	4.7%
	28.9%	12.2%

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