HousingHandbookReference data

U.S. ZIP Code · MA01583

Worcester County · Worcester, MA

Typical home value

$518,378[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.1%
5-year / yr
+6.2%
10-year / yr
+6.6%

Relative price

vs U.S.
+82.5%
vs metro
+8.7%
vs state
-15.3%
ZIP 01583 location in MA
Location of ZIP 01583 in MA

Price history

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

The typical home in 01583 is worth $518,378 — 8.7% above the Worcester, MA median. Over the past year, values have risen 2.1%. The effective property tax rate is 1.2%.

#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
1.2%[3]
Typical annual tax
$6,356[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
7,606[3]
Median household income
$106,094[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
2
Elementary
1
Middle
0
High
1
  • Major Edwards Elementary

    Elementary · Grades PK–5 · West Boylston

    455 students

  • West Boylston Junior/Senior High

    High · Grades 6–12 · West Boylston

    448 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$2,621
Loan principal$414,703
Down payment$103,676
Total interest paid$528,930

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$3,585
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
56th percentile[1]
Rental yield
[2]
Property tax
43rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 01583?
The typical home in 01583 is worth $518,378, based on the Zillow Home Value Index.
Are home values rising in 01583?
Home values in 01583 are up 2.1% over the past year, and up 6.2% a year over five years.
What is the property tax rate in 01583?
The effective property tax rate in 01583 is 1.2% — roughly $6,356 a year on a typical home.
Who lives in 01583?
ZIP code 01583 has a population of 7,606 and a median household income of $106,094.

#Comparable ZIPs

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

  • Sturbridge CDP, MA

    Typical home
    $512,416
    Gross yield
  • Whitinsville CDP, MA

    Typical home
    $526,204
    Gross yield
  • Fiskdale CDP, MA

    Typical home
    $529,358
    Gross yield
  • MA

    Typical home
    $507,140
    Gross yield
    6.5%
  • MA

    Typical home
    $533,828
    Gross yield
  • Rutland CDP, MA

    Typical home
    $534,076
    Gross yield

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