How much is a home worth in ZIP code 01606?

The typical home in 01606 is worth $442,208, based on the Zillow Home Value Index.

Are home values rising in 01606?

Home values in 01606 are up 0.2% over the past year, and up 5.8% a year over five years.

What is the typical rent in 01606?

A typical home in 01606 rents for about $2,300 a month, a gross rental yield of 6.2%.

What is the property tax rate in 01606?

The effective property tax rate in 01606 is 1.3% — roughly $5,706 a year on a typical home.

ZIP code 01606 has a population of 22,844 and a median household income of $92,105.

HousingHandbookReference data

…

U.S. ZIP Code · MA01606

Worcester County · Worcester, MA

Typical home value

$442,208^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.2%
5-year / yr: +5.8%
10-year / yr: +7.6%

Relative price

vs U.S.: +55.7%
vs metro: -7.2%
vs state: -27.7%

Price history

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

The typical home in 01606 is worth $442,208 — 7.2% below the Worcester, MA median. Over the past year, values have risen 0.2%. Homes here rent for a typical $2,300 a month — a 6.2% 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: $2,300^[2]
Gross yield: 6.2%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $5,706^[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: 22,844^[3]
Median household income: $92,105^[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: 1

Abby Kelley Foster Charter Public School
Other · Grades K–12 · Abby Kelley Foster Charter Public (District)
1,421 students
Burncoat Senior High
High · Grades 9–12 · Worcester
1,124 students
Burncoat Middle School
Middle · Grades 7–8 · Worcester
684 students
Norrback Avenue
Elementary · Grades PK–6 · Worcester
491 students
Worcester Arts Magnet School
Elementary · Grades PK–6 · Worcester
406 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 yield6.2%

Net yield (after ~40% expenses)3.7%

Annual rent$27,599

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$2,236

Loan principal$353,766

Down payment$88,442

Total interest paid$451,209

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 ratio1.34

Monthly cost to own$3,080

Monthly rent$2,300

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: 27th percentile^[1]
Rental yield: 71st percentile^[2]
Property tax: 66th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 01606?: The typical home in 01606 is worth $442,208, based on the Zillow Home Value Index.
Are home values rising in 01606?: Home values in 01606 are up 0.2% over the past year, and up 5.8% a year over five years.
What is the typical rent in 01606?: A typical home in 01606 rents for about $2,300 a month, a gross rental yield of 6.2%.
What is the property tax rate in 01606?: The effective property tax rate in 01606 is 1.3% — roughly $5,706 a year on a typical home.
Who lives in 01606?: ZIP code 01606 has a population of 22,844 and a median household income of $92,105.

#Comparable ZIPs

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

01570 vs 01606 →
Webster CDP, MA
Typical home
$442,579
Gross yield
4.6%
01037 vs 01606 →
MA
Typical home
$442,797
Gross yield
—
01562
Spencer CDP, MA
Typical home
$438,409
Gross yield
5.0%
01605
Worcester, MA
Typical home
$446,009
Gross yield
6.6%
01540
Oxford CDP, MA
Typical home
$435,205
Gross yield
—
01510
Clinton CDP, MA
Typical home
$450,197
Gross yield
5.8%

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

Compare ZIPs

Pit ZIP 01606 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MA01606

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