Interested in purchasing investment houses in the 01550 zip code in Southbridge, MA?
The zip code 01550 is in Worcester county with a latitude of -72.033770000000 and longitude of 42.060390000000, is in the state of Massachusetts. The average asking price of houses and condos is $160,772.00 and the average sale price was $150,325.00. this regions is classified as the Boston metro area and consists of the following area codes: 508 and 774. The location in degrees is 42° 3' 37.404" N, 72° 2' 1.572" W. The county F.I.P.S. is 25027. The total land area is 20.3 square miles and the water area is 0.6 square miles. The elevation in this area is 568 - 781 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01550 is in county number 027 and is L. Sector 00, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 17,071 in 2019 and 16,719 in 2010. Of this, the break down in 2019 was 15,065 urban and 2,005 rural. This further breaks down to 8,338 males (48.8%) and 8,732 females (51.2%). The median age of residents is 39.7 years. The population of the greater Worcester, MA area is 794,379. The population density (people per square mile) is 842. This zip code has a combined total of 7,489 houses and condos. There are 3,853 rented appartments. 56% of residents rent versus the 56% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $42,820 and the average salary is $36,972. The median household income of individuals is $41,392.00 and the average is $46,000.00. This zip code has a mean commute time to work of 26.2 minutes. The unemployment rate is 7.5%. Income earners by percent breakdown as 58.00% (Under $50,000), 29.90% ($50,000-$100,000), and 12.10% earn over $100,000. 19.0% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 127.1. The educational breakdown is 82.7% have a high school education or higher, 17.7% have a bachelor's degree or higher, and 5.9% have some kind of profesional degree.
This area has 6,866 households and the average size is 2.4 people. Individuals who are single and have never been married are 36.2%, 41.6% are now married, 2.7% are separated, 6.0% are widowed, and 13.4% are divorced. The average yearly contribution amount given by people to charity was $1,776 versus the state average of $4,208. The percent of residents who gave to charity was 18.1%.
The estimated median value of houses and condos is $219,380. The median monthly owner costs of mortgage holders was $1,731, where as the costs for those who don't have a mortgage are $700. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $3,561. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $4,899. The median housing property tax percent for residents with mortgages was 1.6% which amounted to an average tax amount of $3,542. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $3,614. Reported taxable interest for persons was $777, dividends $16,702, capital gains +$2,209, and itemized deductions $17,603. The average earned income tax credit is $2,334. The percent of individuals that use a tax preparer is 53.2%. The total average income taxes paid by individuals was $7,424. Businesses reported an average profit of $12,651.
Mario's Restaurant
52 Central St, Southbridge, MA 01550
Thai Orchid
90 Charlton St, Southbridge, MA 01550
Brava's Bar
78 Pleasant St, Southbridge, MA 01550
Fins & Tales
858 Main St, Southbridge, MA 01550
Metro Bistrot
176 E Main St, Southbridge, MA 01550
Margaux's Deli & Catering
33 Crystal St, Southbridge, MA 01550
Visions Restaurant
14 Mechanic St, Southbridge, MA 01550
Fresh City
858 Main St, Southbridge, MA 01550
Happy Dog Cafe
276 South St, Southbridge, MA 01550
Alexanders Golden Greek
6 Sandersdale Rd, Southbridge, MA 01550
Golden Greek Restaurant
6 Sandersdale Rd, Southbridge, MA 01550
New Spanish Family Restaurant
26 Central St, Southbridge, MA 01550
El Wasibiry Restaurant
26 Central St, Southbridge, MA 01550
Lyndas Restaurant
37 1/2 Central St, Southbridge, MA 01550
Empire Village
446 Main St, Southbridge, MA 01550
Dynasty Chinese Restaurant
344 Main St, Southbridge, MA 01550
Panda Garden
102 Mechanic St, Southbridge, MA 01550
May Garden
920 Main St, Southbridge, MA 01550
Empire Buffet
846 Main St, Southbridge, MA 01550
Metro Bistrot
176 Main St, Southbridge, MA 01550
McDonald's
Massachusetts Turnpike, Charlton City, MA 01508 (3.3 miles away)