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

$179,400

  • -0.9% 1-year change
  • 1.2% 1-year forecast

The median home value in Worcester is $179,400. Worcester home values have declined -0.9% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Worcester is None. 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 1.9 homes are foreclosed (per 10,000). This is lower than the Worcester Metro value of 3.6 and also lower than the national value of 3.0

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 9.4%, which is higher than the national value of 6.3%. 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 27.1%, which is higher than Worcester Metro at 18.0%.

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Relative ZHVI
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Worcester Market Overview

Data through Mar 31, 2015
  • $179,400 ZHVI
  • 1.2% 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
  • $187,350 Median sale price
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Worcester Market Health

Data through Mar 31, 2015
  • 4.1/10 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
  • 27.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 9.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.9 homes Worcester
3.6 homes Worcester Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Shrewsbury $341,700
Boylston $293,500
Grafton $293,500
Name Median ZHVI
Paxton $255,100
Holden $248,100
Millbury $231,500
Name Median ZHVI
West Boylston $228,600
Leicester $209,700
Auburn $207,600

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $124 Median sale price / sq ft
  • No data Listings with price cut
18.8%
Sold below listing
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Worcester Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,485 Worcester
    $1,541 Worcester Metro
    $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

  • 2.2 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
  • $1.04 Rent list price / sq ft
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