HousingHandbookReference data

U.S. ZIP Code · MA01531

Worcester County · Worcester, MA

Typical home value

$458,762[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.2%
5-year / yr
+5.1%
10-year / yr
+6.0%

Relative price

vs U.S.
+61.5%
vs metro
-3.8%
vs state
-25.0%
ZIP 01531 location in MA
Location of ZIP 01531 in MA

Price history

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

The typical home in 01531 is worth $458,762 — 3.8% below the Worcester, MA median. Over the past year, values have fallen 0.2%. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$5,101[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
973[3]
Median household income
$99,500[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
1
Elementary
0
Middle
0
High
0
  • New Braintree Grade

    Prekindergarten · Grades PK · Quabbin

    35 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 yield
Net yield (after ~40% expenses)
Annual rent

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$2,320
Loan principal$367,010
Down payment$91,752
Total interest paid$468,101

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 ratio
Monthly cost to own$3,126
Monthly rent

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
4th percentile[1]
Rental yield
[2]
Property tax
17th percentile[3]

Frequently asked

How much is a home worth in ZIP code 01531?
The typical home in 01531 is worth $458,762, based on the Zillow Home Value Index.
Are home values rising in 01531?
Home values in 01531 are down 0.2% over the past year, and up 5.1% a year over five years.
What is the property tax rate in 01531?
The effective property tax rate in 01531 is 1.1% — roughly $5,101 a year on a typical home.
Who lives in 01531?
ZIP code 01531 has a population of 973 and a median household income of $99,500.

#Comparable ZIPs

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

  • South Ashburnham CDP, MA

    Typical home
    $457,173
    Gross yield
  • Worcester, MA

    Typical home
    $453,828
    Gross yield
    6.5%
  • MA

    Typical home
    $465,017
    Gross yield
  • MA

    Typical home
    $466,097
    Gross yield
  • Clinton CDP, MA

    Typical home
    $450,197
    Gross yield
    5.8%
  • MA

    Typical home
    $470,512
    Gross yield

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