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Worcester city, MA

ZIP 01602 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01602

Median Home Value
$380,800
Median Rent
$1,194
Affordability Snapshot
$105,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,446/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01602 in Worcester city, MA, a household would need roughly $105,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,446. That is roughly in line with the local median household income ($94,351). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.2%-8% vs US avg
x
Vacancy Rate
5.1%-51% vs US avg
x
Broadband Access
91.9%+6% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
10.5%-18% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
20.9%-58% vs US avg
x
Mortgage-Free
33.0%-14% vs US avg
x
$380,800
Home Value
$1,194
Rent
1950
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached53.5%
  • 1-unit attached4.7%
  • 2-9 units30.0%
  • 10+ units11.6%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$380,800
Median rent$1,194
Owner-occupied60.2%
Vacant5.1%
Price-to-income4.0x
Est. income to buy$105,000