Home Values in Worcester, Massachusetts — 2026 Market Report
Updated March 2026 | Seller's Market | +3.8% YoY
The median home value in Worcester, Massachusetts is $365,000 as of March 2026, which is near the national median of $400,000. Home values in Worcester have increased by 3.8% over the past year and 20.5% over the last five years. With a population of 206,518 and a median household income of $50,344, the price-to-income ratio stands at 7.3x, making Worcester affordable for the average household.
Worcester Housing Market Conditions
| Metric | Worcester | National Avg |
|---|---|---|
| Median Home Value | $365,000 | $400,000 |
| YoY Appreciation | +3.8% | +3.8% |
| 5-Year Appreciation | +20.5% | +22.4% |
| Price per Sq Ft | $222 | $222 |
| Days on Market | 32 days | 45 days |
| Months of Supply | 2.4 | 3.5 |
| List-to-Sale Ratio | 97.2% | 98.5% |
| Monthly Homes Sold | 83 | — |
| Foreclosure Rate | 0.26% | 0.3% |
Home Value Trends in Worcester
A homeowner who purchased at the median price of $302,905 five years ago in Worcester would have gained approximately $62,095 in equity, representing a 20.5% return on investment. Over the past year alone, the typical homeowner gained $13,362 in home equity.
Affordability in Worcester, MA
With a median household income of $50,344 and a median home price of $365,000, the price-to-income ratio in Worcester is 7.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,488 compared to estimated monthly ownership costs of $2,099 gives a rent-vs-buy ratio of 0.84. In Worcester, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Worcester
The effective property tax rate in Massachusetts is 1.2%. On a home valued at $365,000, the estimated annual property tax bill is $4,380, or approximately $365/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Worcester is 105.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Worcester, MA?
The median home value in Worcester, Massachusetts is $365,000 as of March 2026. Home values have changed +3.8% over the past year, with a 5-year appreciation of 20.5%.
Is Worcester a buyer's or seller's market?
Worcester is currently a seller's market with 2.4 months of housing supply. Homes spend an average of 32 days on market, and the list-to-sale price ratio is 97.2%. Low inventory gives sellers an advantage.
Are home values going up in Worcester?
Yes, home values in Worcester have increased by 3.8% over the past year. The 5-year appreciation rate is 20.5%, meaning a home worth $302,905 five years ago is now worth $365,000.
Is it better to rent or buy in Worcester?
The average monthly rent in Worcester is $2,488, while estimated monthly homeownership costs are approximately $2,099. The price-to-rent ratio is 12.2. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Worcester, Massachusetts is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.