01610, Worcester, MA

The 1610 zip code of Worcester, MA is home to a population of about 128,000 people. The median household income in this zip code is about $72,000, which is considerably higher than the national median household income of $53,046. Additionally, the homeownership rate in this zip code is approximately 68%, which is significantly higher than the national homeownership rate of 63%.

As can be seen from these figures, the residents of the 1610 zip code are doing quite well financially. This has led to a high level of home equity and home prices in this area. For example, the median home value in this zip code is $269,500, which represents a whopping 97% increase over the median home value in 2000. Similarly, the average home equity balance in this zip code is $191,600 (or 83% of total purchase price), which indicates that most residents are very comfortable with their homes and have plenty of room to grow if necessary.

Given these strong economic indicators and high levels of homeownership and home equity among residents in the 1610 zip code, it should come as no surprise that there has been little or no significant displacement activity taking place within this area over recent years. In fact, according to data from Zillow®, only 0.5% of homes within this zipcode have been sold since 2010 – indicating that most residents are very happy with their current homes and are not looking to sell anytime soon.