Zip 01603 (Worcester, MA) Housing

The housing market in 01603 Worcester, MA is very healthy. The median value of houses in this area is $331,500, which is slightly lower than the US median value of $338,100. The one-year house appreciation rate in 01603 Worcester, MA is 11.83%, which is higher than the US average of 8.27%. This indicates that houses in 01603 Worcester, MA are appreciating quickly and many potential home buyers are attracted to this area because of the positive real estate trends.

The median home cost in Worcester (zip 01603) is $331,500. Home appreciation the last 10 years has been 101.4%. Home Appreciation in Worcester (zip 01603) is up 11.3%.

Average Age of Homes

- The median age of Worcester (zip 01603) real estate is 78 years old

The Rental Market in Worcester (zip 01603)

- Renters make up 46.1% of the Worcester (zip 01603) population
- 1.4% of houses and apartments in Worcester (zip 01603), 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
	8,105.0	139,647,020.0
	56	42
	$331,500	$338,100
	11.3%	16.6%
	63.3%	57.0%
	101.4%	101.1%
	$15.60	$10.98
	$3,585	$2,690
	44.8%	57.4%
	7.5%	11.2%
	47.6%	31.4%
Vacant Housing
	1.4%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.9%	0.4%
	0.4%	3.6%
	3.9%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.2%	2.4%
	0.5%	2.8%
	0.6%	3.9%
	2.0%	4.5%
	5.8%	11.3%
	21.6%	13.0%
	47.2%	20.1%
	15.2%	13.6%
	3.9%	8.3%
	0.2%	9.7%
	0.2%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	3.0%	13.6%
	12.7%	13.2%
	4.1%	14.8%
	3.0%	13.6%
	7.7%	10.0%
	4.1%	4.7%
	56.5%	12.2%

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