Real Estate Investing in Worcester, Massachusetts (01607)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01607 (Worcester, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Worcester, MA (01607)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01607 Worcester
ZIP 01607 inside Worcester County looks affordable on the surface — median value of $398K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $2,197/mo on a $398K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 01607 sits below the stated 0.0% once reality is priced in.
Regionally, 01607 sits on the difficult end of the MA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 01607 includes headwinds that any investor should price in. Income distribution skews lower than Worcester averages, and tenant stability requires active management.
Strategically, 01607 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Worcester:
Property Strategy for 01607
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $287,411 | $2,050 | 5.1% | +10.2% | $143,705 |
| 3BR | $432,567 | $2,540 | 4.2% | +8.8% | $144,189 |
| 4BR | $454,996 | $2,820 | 4.5% | +8.7% | $113,749 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01607 Compare?
| Metric | 01607 | Worcester | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $397,675 | $196,107 | N/A | $645,115 |
| 5-Year CAGR | 6.2% | 6.4% | N/A | 7.0% |
| Avg Rent | $2,197 | $2,161 | N/A | - |
| Cap Rate | 4.3% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01607 (Worcester, MA). Anonymous, moderated, never written by AI.
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Property managers serving Worcester County
Manage rentals here? List your business →Ruane Property Management LLC offers commercial and residential property management services. summary from their website
AP Services MA offers services to build, manage, and maintain properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $397,675 |
| Monthly Rent | $2,197 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01607
Population: 8,755
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01607
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Canterbury
Claremont Academy
Columbus Park
Gates Lane
Goddard School/Science Technical
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average home sale price in Worcester, MA?
Typical homes in Worcester, MA go for around $398K. The 5-year CAGR of 0.0% measured price movement.
Are landlord laws favorable in Worcester, MA?
Worcester, MA operates under MA law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Can I house hack in Worcester, MA?
Worcester, MA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,197/mo rent level.
What kind of market is Worcester, MA for investors?
Investors tracking Worcester, MA will find a 3.0/5 rating supported by $398K median home values and $2,197/mo rents. That profile suits long-term holders targeting predictable returns.
Is Worcester, MA better for rentals, flips, or BRRRR?
For Worcester, MA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 01607 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01607 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01607 ranks in Worcester, MA-CT
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