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Worcester city, MA

ZIP 01583 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01583

Median Home Value
$399,700
Median Rent
$1,117
Affordability Snapshot
$110,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,568/mo PITI).

13%
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.

29.8 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 01583 in Worcester city, MA, a household would need roughly $110,000 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 $2,568. That is roughly in line with the local median household income ($100,427). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
80.0%+22% vs US avg
x
Vacancy Rate
1.1%-89% vs US avg
x
Broadband Access
92.4%+6% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
10.3%-79% vs US avg
x
Mortgage-Free
31.0%-19% vs US avg
x
$399,700
Home Value
$1,117
Rent
1966
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached72.1%
  • 1-unit attached11.6%
  • 2-9 units9.1%
  • 10+ units7.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$399,700
Median rent$1,117
Owner-occupied80.0%
Vacant1.1%
Price-to-income4.0x
Est. income to buy$110,000