01605, Worcester, MA

The 1605 zip code of Worcester, MA has a median home value of $199,900 and a median home equity of $111,200. This indicates that the majority of homes in this zip code are worth more than their original purchase price, but less than their current market value. In addition, the percentage of homes in this zip code with a mortgage is lower than the national average (41%). This suggests that homeowners in this area are able to afford mortgages on their homes.

Despite these positive indicators, there are some areas where the home equity and home prices in this zip code may not be as strong as others. For example, the percentage of homes with a mortgage is lower than the national average, but it is still higher than the percentage of homes without a mortgage (29%). This suggests that some homeowners in this area may be struggling to get approved for a mortgage. Additionally, while the median home value is higher than the national average, it is also higher than many other zip codes in Massachusetts (including some that have significantly larger populations). This suggests that there may be some pockets within this area where housing values are relatively high compared to other parts of Worcester.