01608, Worcester, MA

The 1608 zip code of Worcester, MA has a median home value of $212,000 and a median home equity value of $141,000. This is higher than the Massachusetts state median home value of $179,900 and the national median home value of $177,200. The 1608 zip code has a lower than average percentage of homeowners with negative equity (less than 20% compared to the Massachusetts state average of 33%) and a higher percentage of homeowners with positive equity (more than 80% compared to the Massachusetts state average of 63%).

The 1608 zip code has seen an increase in home prices over the past five years. In 2012, the median home price was $189,000 and in 2017 it was $212,000. Over this same period, the Massachusetts state median home price increased by only 4% and the national median home price increased by only 2%. This indicates that there is strong demand for homes in the 1608 zip code.

One factor that may contribute to this demand is that Worcester is located in one of the most desirable regions in America. The Boston metropolitan area is ranked as one of the best places to live in America according to Forbes magazine. Additionally, Worcester has excellent schools and transportation options. These factors make it an attractive place to live and raise a family.