Interested in purchasing investment houses in the 01605 zip code in Worcester, MA?
The zip code 01605 is in Worcester county with a latitude of -71.787510000000 and longitude of 42.289470000000, is in the state of Massachusetts. The average asking price of houses and condos is $165,182.00 and the average sale price was $217,960.00. 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° 17' 22.092" N, 71° 47' 15.036" W. The county F.I.P.S. is 25027. The total land area is 5.6 square miles and the water area is 0.1 square miles. The elevation in this area is 427 - 676 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01605 is in county number 027 and is L. Sector 00, L. Segment 01, H. Sector 16, and H. Segment 16. The population was 28,844 in 2019 and 26,221 in 2010. This further breaks down to 14,238 males (49.4%) and 14,605 females (50.6%). The median age of residents is 32.9 years. The population of the greater Worcester, MA area is 794,379. The population density (people per square mile) is 5,112. This zip code has a combined total of 11,850 houses and condos. There are 7,680 rented appartments. 71% of residents rent versus the 71% 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 $41,366 and the average salary is $38,801. The median household income of individuals is $36,357.00 and the average is $47,020.00. This zip code has a mean commute time to work of 24.9 minutes. The unemployment rate is 6.8%. Income earners by percent breakdown as 61.70% (Under $50,000), 23.20% ($50,000-$100,000), and 15.10% earn over $100,000. 25.0% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 130.2. The educational breakdown is 82.0% have a high school education or higher, 25.0% have a bachelor's degree or higher, and 9.3% have some kind of profesional degree.
This area has 10,272 households and the average size is 2.5 people. Individuals who are single and have never been married are 48.7%, 30.4% are now married, 2.8% are separated, 6.4% are widowed, and 11.7% are divorced. The average yearly contribution amount given by people to charity was $2,658 versus the state average of $4,208. The percent of residents who gave to charity was 20.1%.
The estimated median value of houses and condos is $239,726. The median monthly owner costs of mortgage holders was $1,670, where as the costs for those who don't have a mortgage are $684. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $3,720. 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 1.5% which amounted to an average tax amount of $3,604. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.5% which amounted to an average tax amount of $4,022. Reported taxable interest for persons was $729, dividends $2,375, capital gains +$4,468, and itemized deductions $19,386. The average earned income tax credit is $2,364. The percent of individuals that use a tax preparer is 55.2%. The total average income taxes paid by individuals was $7,113. Businesses reported an average profit of $11,351.
Ralph Diner
148 Grove St, Worcester, MA 01605
Ceres Bistro
363 Plantation St, Worcester, MA 01605
Ruby Tuesday
537 Lincoln St, Worcester, MA 01605
O'Connor's Restaurant & Bar
1160 W Boylston St, Worcester, MA 01606 (1.5 miles away)
Oishi
8 Franklin St, Worcester, MA 01608 (2 miles away)
The Sole Proprietor
118 Highland St, Worcester, MA 01609 (2 miles away)
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