Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Worcester area can be challenging. Home prices in Worcester are now at a median cost of $314,805, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,268/mo in Worcester, primarily driven by the current value of real estate in the Worcester area. While nearly 31.73% of residents own their homes outright in Worcester, 30.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Worcester is $7,632 per month. Households that rent pay about 16.61% of their income on rent here. Worcester's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Cherry Valley, MA: equally priced homes
- Auburn, MA: equally priced homes
- Shrewsbury, MA: higher priced homes
- Holden, MA: higher priced homes
- Millbury, MA: equally priced homes
- Leicester, MA: equally priced homes
- North Grafton, MA: higher priced homes
- Boylston, MA: higher priced homes
- Morningdale, MA: higher priced homes
- Paxton, MA: higher priced homes
Cities with Similar Populations
- Staves, AR: less expensive homes
- Stamford, CT: higher priced homes
- Stamps, AR: less expensive homes
- Stanton, NE: less expensive homes
- Star City, WV: less expensive homes
- St. Paul, VA: less expensive homes
- Stanberry, MO: less expensive homes
- St. Petersburg, FL: less expensive homes
- Stringtown, VA: higher priced homes
- St. Peters, MO: less expensive homes
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