Home Values

01602 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$192,100

  • -1.0% 1-year change
  • 1.4% 1-year forecast

The median home value in 01602 is $192,100. 01602 home values have declined -1.0% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in 01602 is None. The median rent price in 01602 is $1,250, which is higher than the Worcester median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In 01602 0.9 homes are foreclosed (per 10,000). This is lower than the Worcester value of 1.9 and also lower than the national value of 3.0

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 01602 homeowners underwater on their mortgage is 24.1%, which is lower than Worcester at 27.1%.

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Relative ZHVI
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01602 Market Overview

Data through Mar 31, 2015
  • $192,100 ZHVI
  • 1.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $181,125 Median sale price (Feb 28, 2015)
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01602 Market Health

Data through Mar 31, 2015
  • 2.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 24.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

0.9 homes(Feb 28, 2015) 01602
1.9 homes Worcester
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
01609 $251,300
01520 $248,000
01524 $211,100
Name Median ZHVI
01501 $208,100
01606 $183,700
01611 $181,600
Name Median ZHVI
01605 $180,300
01603 $148,200
01610 $125,300

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $125 Median sale price / sq ft
  • No data Listings with price cut
15.3%
Sold below listing
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01602 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,512 01602
    $1,485 Worcester
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $1.04 Rent list price / sq ft
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