Zip 01607 (Worcester, MA) Housing

The housing market in 01607 Worcester, MA is doing quite well compared to the rest of the US. The median house value in 01607 Worcester, MA is $340,400 which is slightly higher than median house value nationwide at $338,100. This slight difference reflects a very healthy 1 year appreciation rate of 11.83% in 01607 Worcester, MA as opposed to 8.27% nationwide. This shows that people are investing and buying homes in this area and that it can be seen as a promising investment opportunity for those looking for a place to call home or an income property.

The median home cost in Worcester (zip 01607) is $340,400. Home appreciation the last 10 years has been 101.4%. Home Appreciation in Worcester (zip 01607) is up 11.3%.

Average Age of Homes

- The median age of Worcester (zip 01607) real estate is 68 years old

The Rental Market in Worcester (zip 01607)

- Renters make up 52.9% of the Worcester (zip 01607) population
- 2.7% of houses and apartments in Worcester (zip 01607), 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
	4,202.0	139,647,020.0
	70	42
	$340,400	$338,100
	11.3%	16.6%
	63.3%	57.0%
	101.4%	101.1%
	$16.34	$10.98
	$4,035	$2,690
	33.9%	57.4%
	6.8%	11.2%
	59.3%	31.4%
Vacant Housing
	2.7%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.6%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	3.4%	2.4%
	1.0%	2.8%
	0.8%	3.9%
	0.8%	4.5%
	9.3%	11.3%
	17.5%	13.0%
	33.0%	20.1%
	25.2%	13.6%
	3.2%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	4.4%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.5%	13.6%
	3.5%	13.6%
	5.6%	13.6%
	10.1%	13.2%
	12.3%	14.8%
	5.6%	13.6%
	13.1%	10.0%
	6.0%	4.7%
	42.5%	12.2%

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