Interested in purchasing investment houses in the 01523 zip code in Lancaster, MA?
The zip code 01523 is in Worcester county with a latitude of -71.678440000000 and longitude of 42.479710000000, is in the state of Massachusetts. The average asking price of houses and condos is $305,894.00 and the average sale price was $256,784.00. this regions is classified as the Boston metro area and consists of the following area codes: 351 and 978. The location in degrees is 42° 28' 46.956" N, 71° 40' 42.384" W. The county F.I.P.S. is 25027. The total land area is 25.2 square miles and the water area is 0.4 square miles. The elevation in this area is 253 - 436 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01523 is in county number 027 and is L. Sector 02, L. Segment 71, H. Sector 90, and H. Segment 90. The population was 7,879 in 2019 and 7,582 in 2010. Of this, the break down in 2019 was 5,505 urban and 2,373 rural. This further breaks down to 4,770 males (60.5%) and 3,108 females (39.5%). 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 313. This zip code has a combined total of 2,656 houses and condos. There are 542 rented appartments. 22% of residents rent versus the 22% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $82,416 and the average salary is $71,104. The median household income of individuals is $79,823.00 and the average is $113,960.00. This zip code has a mean commute time to work of 33.6 minutes. The unemployment rate is 4.5%. Income earners by percent breakdown as 27.30% (Under $50,000), 35.80% ($50,000-$100,000), and 36.90% earn over $100,000. 4.0% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 127.5. The educational breakdown is 84.4% have a high school education or higher, 39.7% have a bachelor's degree or higher, and 13.6% have some kind of profesional degree.
This area has 2,272 households and the average size is 2.6 people. Individuals who are single and have never been married are 37.3%, 48.7% are now married, 2.4% are separated, 5.1% are widowed, and 6.5% are divorced. The average yearly contribution amount given by people to charity was $2,798 versus the state average of $4,208. The percent of residents who gave to charity was 44.9%.
The estimated median value of houses and condos is $402,824. The median monthly owner costs of mortgage holders was $2,196, where as the costs for those who don't have a mortgage are $964. The median number of rooms in houses and condos are 6.6 versus apartments which had a median number of 2.7.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $6,526. 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 $6,309. 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 $6,996. Reported taxable interest for persons was $1,095, dividends $3,987, capital gains +$8,420, and itemized deductions $24,895. The average earned income tax credit is $1,705. The percent of individuals that use a tax preparer is 57.1%. The total average income taxes paid by individuals was $12,337. Businesses reported an average profit of $14,237.
Smoking Section BBQ
70 Mill Street Ext, Lancaster, MA 01523
Michael's Bridge Diner
56 Main St, Lancaster, MA 01523
Sandee's Restaurant
162 Main St, Lancaster, MA 01523
Trolley Stop Pizzeria
18 Prescott St, Lancaster, MA 01523
RT Seventy
1410 Lunenburg Rd, Lancaster, MA 01523
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