How much is a home worth in ZIP code 01603?

The typical home in 01603 is worth $400,413, based on the Zillow Home Value Index.

Are home values rising in 01603?

Home values in 01603 are up 1.6% over the past year, and up 6.3% a year over five years.

What is the typical rent in 01603?

A typical home in 01603 rents for about $2,188 a month, a gross rental yield of 6.6%.

What is the property tax rate in 01603?

The effective property tax rate in 01603 is 1.3% — roughly $5,009 a year on a typical home.

ZIP code 01603 has a population of 20,868 and a median household income of $66,049.

HousingHandbookReference data

…

U.S. ZIP Code · MA01603

Worcester County · Worcester, MA

Typical home value

$400,413^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +6.3%
10-year / yr: +8.6%

Relative price

vs U.S.: +41.0%
vs metro: -16.0%
vs state: -34.5%

Price history

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

The typical home in 01603 is worth $400,413 — 16.0% below the Worcester, MA median. Over the past year, values have risen 1.6%. Homes here rent for a typical $2,188 a month — a 6.6% 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: $2,188^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $5,009^[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: 20,868^[3]
Median household income: $66,049^[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: 8
Elementary: 5
Middle: 1
High: 2

South High Community
High · Grades 9–12 · Worcester
1,791 students
Sullivan Middle
Middle · Grades 6–8 · Worcester
844 students
Gates Lane
Elementary · Grades PK–6 · Worcester
547 students
Goddard School/Science Technical
Elementary · Grades PK–6 · Worcester
378 students
Columbus Park
Elementary · Grades PK–6 · Worcester
375 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.

Home value$Monthly rent$

Gross yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$26,250

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,025

Loan principal$320,330

Down payment$80,083

Total interest paid$408,563

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.27

Monthly cost to own$2,775

Monthly rent$2,188

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: 61st percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 55th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for highest rental yield in MAView list →

Frequently asked

How much is a home worth in ZIP code 01603?: The typical home in 01603 is worth $400,413, based on the Zillow Home Value Index.
Are home values rising in 01603?: Home values in 01603 are up 1.6% over the past year, and up 6.3% a year over five years.
What is the typical rent in 01603?: A typical home in 01603 rents for about $2,188 a month, a gross rental yield of 6.6%.
What is the property tax rate in 01603?: The effective property tax rate in 01603 is 1.3% — roughly $5,009 a year on a typical home.
Who lives in 01603?: ZIP code 01603 has a population of 20,868 and a median household income of $66,049.

#Comparable ZIPs

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

01436 vs 01603 →
Baldwinville CDP, MA
Typical home
$401,005
Gross yield
—
01031 vs 01603 →
MA
Typical home
$399,036
Gross yield
—
01420
Fitchburg, MA
Typical home
$402,115
Gross yield
5.5%
01475
Winchendon CDP, MA
Typical home
$404,921
Gross yield
—
01506
Brookfield CDP, MA
Typical home
$406,522
Gross yield
—
01607
Worcester, MA
Typical home
$391,707
Gross yield
5.8%

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Pit ZIP 01603 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MA01603

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