Zip 01602 (Worcester, MA) Housing

The housing market in 01602 Worcester, MA is thriving. The median value of homes in this area is $386,700, which is significantly higher than the US median housing value of $338,100. Over the last year, the appreciation rate of homes in 01602 Worcester, MA has been an impressive 11.83%, which is even higher than the US average of 8.27%. This demonstrates that this area is a great investment opportunity for potential homeowners and investors alike.

The median home cost in Worcester (zip 01602) is $386,700. Home appreciation the last 10 years has been 101.4%. Home Appreciation in Worcester (zip 01602) is up 11.3%.

Average Age of Homes

- The median age of Worcester (zip 01602) real estate is 70 years old

The Rental Market in Worcester (zip 01602)

- Renters make up 37.3% of the Worcester (zip 01602) population
- 1.1% of houses and apartments in Worcester (zip 01602), 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
	11,050.0	139,647,020.0
	72	42
	$386,700	$338,100
	11.3%	16.6%
	63.3%	57.0%
	101.4%	101.1%
	$15.97	$10.98
	$4,482	$2,690
	58.7%	57.4%
	4.7%	11.2%
	36.6%	31.4%
Vacant Housing
	1.1%	1.9%
	0.2%	0.4%
	0.2%	0.7%
	0.6%	0.4%
	0.2%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.6%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.4%	4.5%
	3.1%	11.3%
	10.4%	13.0%
	42.3%	20.1%
	25.6%	13.6%
	9.9%	8.3%
	6.1%	9.7%
	0.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.4%	13.6%
	4.4%	13.6%
	4.3%	13.6%
	8.9%	13.2%
	9.4%	14.8%
	4.3%	13.6%
	14.1%	10.0%
	10.2%	4.7%
	40.7%	12.2%

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