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Worcester, Massachusetts is situated 40 miles west of Boston and sits on the Blackstone River on the west side of Lake Quinsigamond. A large part of the city’s economy centers on education and healthcare services. Most of the large industries specialized in wire production, machinery, and power looms. Even after the decline of manufacturing, Worcester was able to maintain the larger manufacturers. The city’s downtown area attracts the majority of the students and the millennials, while families can enjoy the numerous parks, playgrounds, and lakes. And because of the number of universities in the area, Worcester exudes a young vibe. The reason mainly that a lot of people are attracted to the city is because of its affordability. Housing prices in Worcester are relatively lower than in nearby Boston.

Home Prices

AVERAGE
333,885 +9%
MEDIAN
320,700 +7%

Relative Price (per sqft.)

PRICE
189 +12%

Listings

ACTIVE
98 -32%
NEW
108 -11%

Market Duration

DAYS
24 -32%
Population 182,544 (5.80%)
House Size (sqft.) 1,731 (0.44%)