01609, Worcester, MA

The 1609 zip code of Worcester, MA has a median home value of $171,000 and a median home equity value of $141,000. These values are lower than the Massachusetts statewide median home value of $248,500 and statewide median home equity value of $178,600. The 1609 zip code also has a lower homeownership rate than the statewide homeownership rate of 63.4%.

There are several factors that may contribute to the lower values in the 1609 zip code. One factor is that this area is more likely to be populated by families with children who are not yet out of college or who have young children at home. These families may be less able to afford a higher priced home in this area. Additionally, there is a higher percentage of renters in the 1609 zip code than in other parts of Massachusetts. This may lead to lower values for homes that are owned outright because there is less demand for these types of properties.