Interested in purchasing investment houses in the 01607 zip code in Worcester, MA?
The zip code 01607 is in Worcester county with a latitude of -71.788770000000 and longitude of 42.227480000000, is in the state of Massachusetts. The average asking price of houses and condos is $146,250.00 and the average sale price was $129,714.00. 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° 13' 38.928" N, 71° 47' 19.572" W. The county F.I.P.S. is 25027. The total land area is 3.2 square miles and the water area is 0.1 square miles. The elevation in this area is 459 - 532 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01607 is in county number 027 and is L. Sector 04, L. Segment 51, H. Sector 95, and H. Segment 95. The population was 8,256 in 2019 and 8,351 in 2010. This further breaks down to 3,958 males (47.9%) and 4,297 females (52.1%). The median age of residents is 39.6 years. The population of the greater Worcester, MA area is 794,379. The population density (people per square mile) is 2,608. This zip code has a combined total of 4,170 houses and condos. There are 2,543 rented appartments. 68% of residents rent versus the 68% 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 $38,298 and the average salary is $36,849. The median household income of individuals is $40,308.00 and the average is $44,230.00. This zip code has a mean commute time to work of 25.8 minutes. The unemployment rate is 6.2%. Income earners by percent breakdown as 61.30% (Under $50,000), 29.20% ($50,000-$100,000), and 9.50% earn over $100,000. 16.3% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 128.9. The educational breakdown is 82.9% have a high school education or higher, 23.5% have a bachelor's degree or higher, and 8.0% have some kind of profesional degree.
This area has 3,506 households and the average size is 2.2 people. Individuals who are single and have never been married are 40.4%, 37.9% are now married, 1.8% are separated, 4.2% are widowed, and 15.7% are divorced. The average yearly contribution amount given by people to charity was $2,583 versus the state average of $4,208. The percent of residents who gave to charity was 19.4%.
The estimated median value of houses and condos is $203,789. The median monthly owner costs of mortgage holders was $1,669, where as the costs for those who don't have a mortgage are $651. The median number of rooms in houses and condos are 5.5 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.7% which equated to an average real estate tax amount payment of $3,429. 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 $3,364. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.8% which amounted to an average tax amount of $3,608. Reported taxable interest for persons was $483, dividends $900, capital gains +$173, and itemized deductions $17,322. The average earned income tax credit is $2,107. The percent of individuals that use a tax preparer is 52.9%. The total average income taxes paid by individuals was $5,796. Businesses reported an average profit of $10,058.
Family Table
545 SW Cutoff, Worcester, MA 01607
Herbie's
1030 Southbridge St, Worcester, MA 01610 (1.6 miles away)
Wexford House Restaurant
503 Shrewsbury St, Worcester, MA 01604 (1.9 miles away)
Oishi
8 Franklin St, Worcester, MA 01608 (2.2 miles away)
Giovanni's Bakery
207 Hope Ave, Worcester, MA 01603 (2.5 miles away)
LongHorn Steakhouse
70 Worcester Providence Tpke, Millbury, MA 01527 (2.8 miles away)
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