ZIP Code 01562 — Spencer CDP, MA Demographics & Data

ZIP code 01562 covers Spencer, MA in Worcester County with a population of about 11,961.

At a glance, the area shows median age of 48.9 versus a U.S. median of about 38.9.

It sits in telephone area codes 508, 774; U.S. House district MA-1; the BOSTON (MANCHESTER) media market.

Median household income in ZIP 01562 is about $79,086 — about 5% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 7.7%; unemployment rate near 5.8%; 27.5% of adults with a bachelor’s degree or higher (about 6.2 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Manufacturing, and Education; about 15.0% of workers reporting work-from-home (roughly in line with the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $368,300 — about 6% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $841 (about 28% below the U.S. median rent ($1,163)), and owner-occupancy near 65.1% (roughly in line with the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 01562 in Spencer, MA, a household would need roughly $101,000 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 $2,366. That is about 28% above the local median household income ($79,086), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Spencer CDP, MA as Relatively Moderate (composite score 93.5), which is among the highest nationally. The strongest component scores on US5 are hurricane (96.6) and flood (95.3). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Spencer CDP, MA show little to no average snow and around 48.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 565 for ZIP 01562 (Spencer CDP, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.