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Worcester, MA Real Estate


According to census data in the year 2000 there were 70,723 housing units in Worcester. This represents a 2% growth from 69,336 in 1990.

Of those housing units, 70,723 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Worcester is about 43.3%. Worcester's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Worcester were built after 1946.

Statistics

Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom17.80%
Two Bedrooms33.60%
Three Bedrooms35.70%
Four Bedrooms8%
Five Bedrooms or more2.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1943
Median Value of occupied units$119,600
Median Price asked for vacant units$115,900

Rented Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1949
Median Monthly Rent asked for vacant units$514

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5.50%
Home Equity Loan8.30%
Simple Mortgage53.40%
Debt Free32.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.7%