Zip lookup · MA

01603
Worcester, Massachusetts.

Worcester, Worcester County, MA · Worcester, MA-CT metro · population 20,868

What it costs per month · 01603 $2,074/mo

to buy the typical home at today's mortgage rate — +$1,214 (+141%) since Jan 2020.

What the home itself did
1 year
Up $5,925 +2%
$389,308$395,233 since Sep 2025
5 years
Up $89,869 +29%
$305,364$395,233 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 01603 $2,074 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 01603$2,074
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 13 years.

Typical home values in zip 01603 rose 1.5% over the past year — faster than the nation's +1.2%.

Asking rents in zip 01603 rose 5.0% over the past year — faster than the nation's +2.7%.

Owning the typical home in zip 01603 runs $847/mo more than renting one. The gap peaked at $1,012 in Apr 2025.

That is $2,920 a month against $2,073 rent: a $2,074 mortgage payment, plus $423 property tax and $423 insurance & upkeep.

Owning vs renting — zip 01603

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$2,000 $2,250 $2,500 $2,750 2025 2026 Owning all in $2,920 Renting $2,073 Mortgage only $2,074
$2,000 $2,250 $2,500 $2,750 2025 2026
  • Owning all in$2,920
  • Renting$2,073
  • Mortgage only$2,074

Property tax · $423/mo 1.28% of value a year — the ACS 2020-2024 median bill over the median home value for Worcester County, MA

Insurance & upkeep · $423/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Zillow also publishes an index for the city itself: Worcester, MA — measured over the city limits, which is a different area from this zip.

Asking rent $2,073 as of Sep 2026
+5.0%year on year
Typical home value $395,233 as of Sep 2026
+1.5%year on year

Asking rent — 01603

Against the Worcester, MA-CT metro and the national benchmark.

$1,900 $2,000 $2,100 2025 2026 01603 $2,073 Worcester $2,105 United States $1,932
$1,900 $2,000 $2,100 2025 2026
  • 01603$2,073
  • Worcester$2,105
  • United States$1,932

Typical home value — 01603

Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 01603 $395,233 Worcester $476,551 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • 01603$395,233
  • Worcester$476,551
  • United States$366,157

Within 20 miles

Showing 30 of 70 zips in range — sorting picks from all 70.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
1.7 01611 Cherry Valley 2,299 — $424,592
1.8 01610 Worcester 30,444 $2,128 $374,537
2.0 01602 Worcester 27,092 $2,218 $450,661
2.5 01608 Worcester 4,932 $1,875 $184,994
3.0 01607 Worcester 8,706 $2,094 $389,834
3.0 01609 Worcester 22,047 $1,928 $545,108
3.2 01501 Auburn 16,877 $2,534 $464,555
3.9 01524 Leicester 6,327 $1,900 $462,483
3.9 01604 Worcester 39,812 $2,175 $421,555
4.3 01605 Worcester 30,579 $2,272 $443,180
4.4 01542 Rochdale 2,615 — $498,815
5.1 01527 Millbury 13,961 $2,459 $500,719
5.4 01606 Worcester 22,844 $2,221 $440,180
6.2 01537 North Oxford 2,278 — $413,365
6.4 01612 Paxton 5,002 — $551,387
6.4 01520 Holden 16,912 $2,819 $559,661
7.2 01545 Shrewsbury 38,876 $2,350 $686,263
7.6 01562 Spencer 12,008 $1,824 $435,720
7.8 01536 North Grafton 6,860 $2,550 $568,755
8.8 01540 Oxford 10,979 — $432,024
8.9 01590 Sutton 9,422 — $641,536
9.0 01519 Grafton 8,058 — $681,509
9.3 01583 West Boylston 7,606 — $517,011
9.6 01522 Jefferson 3,152 — $533,904
9.8 01560 South Grafton 4,984 — $579,441
9.8 01507 Charlton 13,435 — $530,311
10.0 01505 Boylston 4,948 — $625,891
10.7 01515 East Brookfield 2,166 — $431,604
11.5 01532 Northborough 15,750 $2,979 $685,631
11.6 01543 Rutland 9,353 — $533,766

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.