How much is a home worth in ZIP code 01605?

The typical home in 01605 is worth $446,009, based on the Zillow Home Value Index.

Are home values rising in 01605?

Home values in 01605 are up 1.6% over the past year, and up 6.0% a year over five years.

What is the typical rent in 01605?

A typical home in 01605 rents for about $2,450 a month, a gross rental yield of 6.6%.

What is the property tax rate in 01605?

The effective property tax rate in 01605 is 1.2% — roughly $5,574 a year on a typical home.

ZIP code 01605 has a population of 30,579 and a median household income of $54,642.

HousingHandbookReference data

…

U.S. ZIP Code · MA01605

Worcester County · Worcester, MA

Typical home value

$446,009^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +6.0%
10-year / yr: +8.1%

Relative price

vs U.S.: +57.0%
vs metro: -6.4%
vs state: -27.1%

Price history

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

The typical home in 01605 is worth $446,009 — 6.4% below the Worcester, MA median. Over the past year, values have risen 1.6%. Homes here rent for a typical $2,450 a month — a 6.6% gross rental yield. 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: $2,450^[2]
Gross yield: 6.6%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $5,574^[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: 30,579^[3]
Median household income: $54,642^[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: 9
Elementary: 6
Middle: 1
High: 2

Worcester Technical High
High · Grades 9–12 · Worcester
1,439 students
Forest Grove Middle
Middle · Grades 7–8 · Worcester
829 students
Nelson Place
Elementary · Grades PK–6 · Worcester
590 students
Belmont Street Community
Elementary · Grades PK–6 · Worcester
583 students
City View
Elementary · Grades PK–6 · Worcester
433 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)4.0%

Annual rent$29,397

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$2,255

Loan principal$356,808

Down payment$89,202

Total interest paid$455,088

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 ratio1.26

Monthly cost to own$3,092

Monthly rent$2,450

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: 44th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 53rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

7th for highest rental yield in MAView list →

Frequently asked

How much is a home worth in ZIP code 01605?: The typical home in 01605 is worth $446,009, based on the Zillow Home Value Index.
Are home values rising in 01605?: Home values in 01605 are up 1.6% over the past year, and up 6.0% a year over five years.
What is the typical rent in 01605?: A typical home in 01605 rents for about $2,450 a month, a gross rental yield of 6.6%.
What is the property tax rate in 01605?: The effective property tax rate in 01605 is 1.2% — roughly $5,574 a year on a typical home.
Who lives in 01605?: ZIP code 01605 has a population of 30,579 and a median household income of $54,642.

#Comparable ZIPs

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

01037 vs 01605 →
MA
Typical home
$442,797
Gross yield
—
01570 vs 01605 →
Webster CDP, MA
Typical home
$442,579
Gross yield
4.6%
01606
Worcester, MA
Typical home
$442,208
Gross yield
6.2%
01510
Clinton CDP, MA
Typical home
$450,197
Gross yield
5.8%
01562
Spencer CDP, MA
Typical home
$438,409
Gross yield
5.0%
01602
Worcester, MA
Typical home
$453,828
Gross yield
6.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 01605 against any other ZIP — full side-by-side table.

Compare 01605 →

#Jump to section

U.S. ZIP Code · MA01605

Get more data on ZIPs like this

Get more data on ZIPs like this