01602, Worcester, MA

The 1602 zip code of Worcester, MA has a median home value of $157,000 and a median home equity value of $119,000. This is higher than the Massachusetts statewide median home value of $146,500 and the national median home equity value of $117,200. The 1602 zip code also has a lower than average homeownership rate of 63%, which is lower than the Massachusetts statewide homeownership rate of 68% and the national homeownership rate of 69%.

There are several factors that may contribute to the high home values in the 1602 zip code of Worcester. First, Worcester is a relatively affluent city with a high level of education and employment opportunities. Second, there is strong demand for housing in this area due to its excellent schools and job market. Finally, there is limited availability of housing stock in this area which has driven up prices.