Worcester, MA has a population of 184,743, while the median age is 34. The household income in Worcester, MA is around $45,869. The homeownership rate among the residents is 42%. The median residential property value in Worcester, MA that you should keep in mind is $210,600.
Population | 184,743 |
Median Age | 34.2 |
Poverty Rate | 22% |
Household Income | $45,869 |
Number Of Employees | 86,177 |
Median Property Value | $210,600 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $4,339 | +2.8% |
1-bed apartments | $1,873 | -27.5% |
2-bed apartments | $2,416 | -13.6% |
3-bed apartments | $2,608 | -30.9% |
4+ bed apartments | $3,310 | -3.3% |
Over the May 2023, the average rent for an apartment in/near Worcester, MA decreased by 20.1% to $2,561.
Compared to the last month, the average price for a rental studio in Worcester, MA has increased by 2.8%. You can expect to rent the studio for $4,339 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 27.5% to $1,873. Pricing for 2-bed apartment also decreased by 13.6% and a place of this size will now cost you $2,416. 3-bed apartment rent pricing starts at $2,608, it decreased by 30.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 3.3% and made it down to $3,310.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $4,279 | +2.3% |
Condos for rent | $1,808 | -60.3% |
Apartments for rent | $2,384 | -15.1% |
Rooms for rent | $958 | +6.4% |
Townhouses for rent | $3,001 | N/A |
The median rent for an apartment in Worcester, MA decreased by 15.1% to $2,384. Statistics show that house rent price increased by 2.3% this month making it up to $4,279. Condos faced an upward trend these days. The median rent for a condo decreased by 60.3%, it’s now available for $1,808. An average room will now go for $958, the median rent price for a room increased by 6.4%. Townhouse rent pricing didn’t change, the price still starts at $3,001.