Real Estate Investing in Worcester, Massachusetts (01610)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01610 (Worcester, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 25.4% poverty rate — can affect rent collection.
- Lower household income: $39,570 median — tenant affordability is tighter.
What’s happening in Worcester, MA (01610)?
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Market Analysis: 01610 Worcester
Investors eyeing 01610 need to respect the fundamentals at play. Home values of $383K come alongside slower price movement and elevated management overhead.
From an investor standpoint, the numbers look inviting — $383K purchase price, 0.0% nominal cap — the work to hit that pro forma in 01610 is substantial and deserves full respect.
Within MA, ZIP 01610 trails on several market indicators that neighboring Worcester County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Employment concentration in 01610 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 01610 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Worcester:
Property Strategy for 01610
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,360 | $1,530 | 5.4% | +13.3% | $202,360 |
| 2BR | $248,315 | $1,970 | 5.7% | +12.5% | $124,157 |
| 3BR | $384,945 | $2,440 | 4.6% | +8.1% | $128,315 |
| 4BR | $422,927 | $2,710 | 4.6% | +8.5% | $105,732 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01610 Compare?
| Metric | 01610 | Worcester | Worcester, MA-CT | Massachusetts |
|---|---|---|---|---|
| Home Value | $383,145 | $196,107 | N/A | $645,115 |
| 5-Year CAGR | 6.9% | 6.4% | N/A | 7.0% |
| Avg Rent | $2,128 | $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 01610 (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 | $383,145 |
| Monthly Rent | $2,128 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +9.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.2% ▼ |
| 3-Year CAGR | +3.3% ▲ |
| 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 01610
Population: 28,719
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 01610
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Canterbury
Chandler Elementary Community
Chandler Magnet
Columbus Park
Elm Park Community
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
Does Worcester, MA make sense for an investment property?
The 3.0/5 investability rating in Worcester, MA reflects its $383K prices and $2,128/mo rents. Investors generally consider it a solid option within MA.
What type of investing works in Worcester, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Worcester, MA. With home values at $383K and rents near $2,128/mo, other strategies can work but produce measured rather than outsized returns.
What are home prices like in Worcester, MA?
Median home price in Worcester, MA is near $383K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How tight is the rental market in Worcester, MA?
Worcester, MA carries elevated vacancy risk. Expect predictable absorption at market rents of $2,128/mo.
Are renters plentiful in Worcester, MA?
Working renters make up the core of the Worcester, MA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 01610 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01610 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 01610 ranks in Worcester, MA-CT
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