Worcester, MA

Population: 182,544
Average annual home appreciation rate: 6.65%
Total of homes for sale in this market: 124
Median home price: $220,346
Median Rent: $1,108 per room
Home price range: 42.73% of homes are between $204,001 – $306,000
Median sales price: $175,000
Number of homes: 510
Median foreclosure sales price: $143,825
Foreclosure discount: 18%
Most common home type: 33.60% of homes are SMALL APARTMENT BUILDINGS
Number of vacant homes: 10.26%
Number of renters: 58.41%
Number of owner occupied: 41.59%
Number people living below poverty level: 21.43%
Unemployment rate: 6.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Worcester area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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