According to statistics, the population in Worcester, MA amounts to 184,743, which shows decline 1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $45,869, shifting decline 1% from the past year, and the average property value in Worcester, MA growth 2% to $210,600 throughout the year.
|Number Of Employees||86,177|
|Median Property Value||$210,600|
The average household income in Worcester, MA grew from $45,599 to $45,869 in the past year. This data is an estimate based upon 70,792 households in Worcester, MA . The chart below presents how household income is distributed in Worcester, MA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Worcester, MA shifted from $206,500 to $210,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Worcester, MA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Worcester, MA properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Worcester, MA compared to median property taxes around the country. The prevalent amount of property taxes in Worcester, MA equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Worcester, MA decreased by 1.9% to $444,636.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 58% to $221,228. Asking price for 2-bed apartment also decreased by 18.7% and a place of this size will now cost you $236,687. A 3-bed apartment goes for $445,576, it increased by 8.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.4% and made it down to $561,732.
While assessing the property pricing Worcester, MA, you can note that it remains flat with a price tag of $73,266. Price reports demonstrate that house price decreased by 4.6% this month making it up to $464,864. Condos faced an upward trend these days. The median price for a condo decreased by 12.5%, it’s now available for $234,189. You can now purchase a duplex for just $637,100, duplex price decreased by 36.3% this month. The price statistics of lofts have not significantly changed, it now still goes for $420,000.