Home Values

01607 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

$163,600

  • 4.5% 1-year change
  • 3.3% 1-year forecast

The median home value in 01607 is $163,600. 01607 home values have gone up 4.5% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in 01607 is $124, which is lower than the Worcester average of $136. The median price of homes currently listed in 01607 is $139,900 while the median price of homes that sold is $200,495. The median rent price in 01607 is $975, which is lower than the Worcester median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In 01607 6.3 homes are foreclosed (per 10,000). This is greater than the Worcester value of 2.1 and also greater than the national value of 3.9

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 01607 homeowners underwater on their mortgage is 33.7%, which is higher than Worcester at 27.1%.

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Relative ZHVI
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01607 Market Overview

Data through Feb 28, 2015
  • $163,600 ZHVI
  • 3.3% 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
    (Feb 29, 2016)
  • $139,900 Median listing price
  • No recent data Median sale price
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01607 Market Health

Data through Feb 28, 2015
  • 1.7/10 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.
  • No data Average days on Zillow
  • 33.7% 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)

6.3 homes 01607
2.1 homes Worcester
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
01609 $251,300
01527 $230,600
01501 $208,100
Name Median ZHVI
01602 $189,500
01606 $183,700
01605 $180,300
Name Median ZHVI
01604 $167,300
01603 $148,200
01610 $125,300

Listings & Sales

Data through Feb 28, 2015
  • $124 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 20.0% Listings with price cut
7.7%
Sold below listing
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01607 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,291 01607
    $1,474 Worcester
    $1,355 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $975 Rent list price
  • $1.01 Rent list price / sq ft
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