HousingHandbookReference data

U.S. ZIP Code · MA01440

Worcester County · Worcester, MA

Typical home value

$373,967[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.1%
5-year / yr
+7.1%
10-year / yr
+8.5%

Relative price

vs U.S.
+31.6%
vs metro
-21.6%
vs state
-38.9%
ZIP 01440 location in MA
Location of ZIP 01440 in MA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 01440 is worth $373,967 — 21.6% below the Worcester, MA median. Over the past year, values have risen 1.1%. Homes here rent for a typical $1,603 a month — a 5.1% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,603[2]
Gross yield
5.1%[2]
Cap rate
3.1%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.3%[3]
Typical annual tax
$4,710[3]

#Climate risk

FEMA National Risk Index ratings for Worcester County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Relatively High
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
21,276[3]
Median household income
$67,440[3]

#Migration

Household moves in and out of Worcester County over a year, from IRS tax-return data.

Net migration
-1,467[5]
Moved in
15,745
Moved out
17,212

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
1
Middle
1
High
2
  • Gardner Elementary School

    Elementary · Grades PK–4 · Gardner

    1,053 students

  • Gardner High

    High · Grades 8–12 · Gardner

    809 students

  • Gardner Middle School

    Middle · Grades 5–7 · Gardner

    483 students

  • Gardner Academy for Learning and Technology

    High · Grades 9–12 · Gardner

    127 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield5.1%
Net yield (after ~40% expenses)3.1%
Annual rent$19,241

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,891
Loan principal$299,173
Down payment$74,793
Total interest paid$381,579

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.62
Monthly cost to own$2,595
Monthly rent$1,603

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
91st percentile[1]
Rental yield
46th percentile[2]
Property tax
57th percentile[3]

Frequently asked

How much is a home worth in ZIP code 01440?
The typical home in 01440 is worth $373,967, based on the Zillow Home Value Index.
Are home values rising in 01440?
Home values in 01440 are up 1.1% over the past year, and up 7.1% a year over five years.
What is the typical rent in 01440?
A typical home in 01440 rents for about $1,603 a month, a gross rental yield of 5.1%.
What is the property tax rate in 01440?
The effective property tax rate in 01440 is 1.3% — roughly $4,710 a year on a typical home.
Who lives in 01440?
ZIP code 01440 has a population of 21,276 and a median household income of $67,440.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Worcester, MA

    Typical home
    $374,172
    Gross yield
    6.9%
  • Southbridge Town, MA

    Typical home
    $380,230
    Gross yield
    5.7%
  • North Brookfield CDP, MA

    Typical home
    $388,132
    Gross yield
  • MA

    Typical home
    $388,966
    Gross yield
  • Worcester, MA

    Typical home
    $391,707
    Gross yield
    5.8%
  • Warren CDP, MA

    Typical home
    $355,343
    Gross yield

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