Mortgage payment estimates, closing cost breakdowns, and homebuying data for Worcester, Massachusetts.
Pre-filled with Worcester median home price and Massachusetts tax/insurance rates. Adjust for your property.
Estimated closing costs based on Massachusetts rates and fees applied to Worcester prices.
The median home price in Worcester is $385,000, 35% below the Massachusetts state median of $595,000. With a population of 206,518, Worcester is a mid-size city where home prices tend to be more accessible than in many parts of Massachusetts.
Property taxes in Massachusetts average 1.2% annually. This moderate property tax rate means a $385,000 home in Worcester would carry roughly $385/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Worcester is $1,650/month. The price-to-rent ratio in Worcester is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Worcester presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.