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 Type | 2.70% |
| One Bedroom | 17.80% |
| Two Bedrooms | 33.60% |
| Three Bedrooms | 35.70% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $119,600 |
| Median Price asked for vacant units | $115,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $514 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 8.30% |
| Simple Mortgage | 53.40% |
| Debt Free | 32.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
