Worcester County, Massachusetts Housing Market

In Worcester County, Massachusetts, the median home value is $423,700, with a median monthly rent of $1,426. This places Worcester County at #245 nationally out of 3134 counties by median home value, and #10 within Massachusetts.

Median Home Value $423,700
Median Rent $1,426/mo
Owner Occupancy 65.8%
Price/Rent Ratio 24.8

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Worcester County rose +3.4% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

301,530
jobs (private sector)
  • Avg weekly wage: $1,410
  • Establishments: 27,392
  • BLS QCEW, 2025
🏗️

Housing Supply

1,690
new units authorized (2025)
  • Single-family: 776
  • Multi-family: 914
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+4610
net migration (filers, 2021-2022)
  • Inflow: 357,377 (avg $100,764)
  • Outflow: 352,767 (avg $101,205)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Worcester County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 01515 303.4 +12.01% 2025
2 01610 358.5 +7.34% 2025
3 01611 244.5 -9.11% 2025
4 01083 282.4 +14.43% 2025
5 01468 252.3 +13.53% 2025
6 01585 255.9 -6.98% 2025
7 01518 263.3 -2.38% 2025
8 01603 332.2 +7.98% 2025
9 01541 234.3 +8.00% 2025
10 01529 276.6 +3.27% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Worcester County Compares

MetricWorcester CountyMassachusetts AverageU.S. Average
Median Home Value $423,700 $634,257 $227,706
Median Gross Rent $1,426 $1,615 $968
Owner Occupancy Rate 65.8% 67.2% 73.3%
Price/Rent Ratio 24.8 32.3 18.7

Market Analysis

The median home value in Worcester County is 33.2% below the Massachusetts state average and 86.1% above the U.S. national average. The median rent of $1,426/month is 11.7% below the state average.

With a price-to-rent ratio of 24.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Worcester County has an owner-occupancy rate of 65.8%, compared to 67.2% in Massachusetts and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Butte County California $424,700 $1,414
Walton County Florida $425,100 $1,741
Yavapai County Arizona $425,200 $1,351
Klickitat County Washington $425,300 $1,105
Washington County Minnesota $422,000 $1,710

Other Counties in Massachusetts

CountyMedian Home ValueMedian RentOwner Occ.
Bristol County $451,200 $1,245 62.3%
Hampshire County $390,300 $1,388 67.8%
Franklin County $329,000 $1,177 70.1%
Berkshire County $305,400 $1,097 69.9%
Hampden County $298,800 $1,136 62.2%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).