HousingHandbookReference data

U.S. ZIP Code · MA01608

Worcester County · Worcester, MA

Typical home value

$190,578[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.6%
5-year / yr
+11.5%
10-year / yr
+12.8%

Relative price

vs U.S.
-32.9%
vs metro
-60.0%
vs state
-68.8%
ZIP 01608 location in MA
Location of ZIP 01608 in MA

Price history

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

The typical home in 01608 is worth $190,578 — 60.0% below the Worcester, MA median. Over the past year, values have risen 4.6%. Homes here rent for a typical $1,838 a month — a 11.6% 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
$1,838[2]
Gross yield
11.6%[2]
Cap rate
6.9%[2]

#Property tax

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

Effective tax rate
1.2%[3]
Typical annual tax
$2,361[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
4,932[3]
Median household income
$45,687[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

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 yield11.6%
Net yield (after ~40% expenses)6.9%
Annual rent$22,058

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$964
Loan principal$152,463
Down payment$38,116
Total interest paid$194,458

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 ratio0.72
Monthly cost to own$1,319
Monthly rent$1,838

Owning 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
100th percentile[1]
Rental yield
100th percentile[2]
Property tax
47th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 01608?
The typical home in 01608 is worth $190,578, based on the Zillow Home Value Index.
Are home values rising in 01608?
Home values in 01608 are up 4.6% over the past year, and up 11.5% a year over five years.
What is the typical rent in 01608?
A typical home in 01608 rents for about $1,838 a month, a gross rental yield of 11.6%.
What is the property tax rate in 01608?
The effective property tax rate in 01608 is 1.2% — roughly $2,361 a year on a typical home.
Who lives in 01608?
ZIP code 01608 has a population of 4,932 and a median household income of $45,687.

#Comparable ZIPs

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

  • Athol CDP, MA

    Typical home
    $348,842
    Gross yield
    4.6%
  • Warren CDP, MA

    Typical home
    $355,343
    Gross yield
  • Gardner, MA

    Typical home
    $373,967
    Gross yield
    5.1%
  • Worcester, MA

    Typical home
    $374,172
    Gross yield
    6.9%
  • Southbridge Town, MA

    Typical home
    $380,230
    Gross yield
    5.7%
  • North Brookfield CDP, MA

    Typical home
    $388,132
    Gross yield

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