Home Values

Worcester 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

$184,400

  • 2.6% 1-year change
  • 3.8% 1-year forecast

The median home value in Worcester is $184,400. Worcester home values have gone up 2.6% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in Worcester is $134, which is lower than the Worcester Metro average of $150. The median price of homes currently listed in Worcester is $189,900 while the median price of homes that sold is $164,100. The median rent price in Worcester is $1,100, which is the same as the Worcester Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Worcester 1.3 homes are foreclosed (per 10,000). This is lower than the Worcester Metro value of 1.4 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Worcester is 9.1%, which is higher than the national value of 6.4%. 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 Worcester homeowners underwater on their mortgage is 27.6%, which is higher than Worcester Metro at 17.4%.

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Relative ZHVI
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Worcester Market Overview

Data through Dec 31, 2014
  • $184,400 ZHVI
  • 3.8% 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
    (Dec 31, 2015)
  • $189,900 Median listing price
  • $164,100 Median sale price
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Worcester Market Health

Data through Dec 31, 2014
  • 2.3/10 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
  • 27.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes Worcester
1.4 homes Worcester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Shrewsbury $338,900
Grafton $309,000
Boylston $293,500
Name Median ZHVI
Paxton $256,400
Holden $254,800
West Boylston $238,400
Name Median ZHVI
Millbury $224,900
Auburn $219,300
Leicester $211,100

Listings & Sales

Data through Dec 31, 2014
  • $134 Median list price / sq ft
  • $122 Median sale price / sq ft
  • 26.4% Listings with price cut
31.6%
Sold below listing
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Worcester Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,419 Worcester
    $1,479 Worcester Metro
    $1,345 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)
  • $1,100 Rent list price
  • $0.96 Rent list price / sq ft
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