Housing Insights for ZIP Code 01581 (Westborough, MA)

Housing Summary for ZIP Code 01581

Homeowners

The median home value in ZIP Code 01581 (Westborough, MA) is $458,100. Approximately 63.0% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.6%.

The average occupancy of owner-occupied units in ZIP Code 01581 is 2.88 occupants, while owner-occupied units have an aggregate average size of 2.64 bedrooms per housing unit.

Renters

In the 01581 ZIP Code, an estimated 37.0% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 10.4%.

Among renter-occupied units in this ZIP, the average occupancy is 2.18 occupants, while renters in this Worcester County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01581

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01581.

ZIP 01581 Massachusetts U.S.
Median Home Value $458,100 $656,427 $364,385
Owner-Occupied Housing Units 63.0% 62.4% 64.0%
Homeowner Vacancy Rate 0.6% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.88 2.69 2.70
Average # of Bedrooms Per Unit 2.64 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 37.0% 37.6% 36.0%
Rental Vacancy Rate 10.4% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.18 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01581 (Westborough, MA)

The median home value in ZIP Code 01581 is $458,100. That median value is about 20% higher than the median home value of $381,600 in Massachusetts overall, and is 111% higher than the $217,500 the median home value in the entire U.S. About 45.3% of homes in ZIP Code 01581 are valued $300,000 to $499,999. That is 26% higher than in the state of Massachusetts, in which 35.9% of homes are valued at $300,000 to $499,999, and is about 135% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 01581 homes fall into is less than $50,000 (0.7% of homes).

Home Values in ZIP Code 01581

This chart visualizes the breakdown of home values in ZIP Code 01581, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01581 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01581

See the table below for a regional comparison of home values in ZIP Code 01581.

Home Value ZIP 01581 Massachusetts U.S.
Less than $50,000 0.7% 1.5% 6.9%
$50,000 to $99,999 0.8% 1.4% 12.0%
$100,000 to $149,999 2.5% 3.4% 13.3%
$150,000 to $199,999 1.8% 7.2% 14.0%
$200,000 to $299,999 8.9% 19.5% 19.6%
$300,000 to $499,999 45.3% 35.9% 19.3%
$500,000 to $999,999 37.7% 25.4% 11.4%
$1,000,000 or more 2.3% 5.8% 3.4%

Home Ages in ZIP Code 01581 (Westborough, MA)

Approximately 17.0% of homes in this Westborough, MA region were built in 1970 to 1979. This amount of homes built in 1970 to 1979 in ZIP Code 01581 is about 47% higher than percentage of homes built in this time period in Massachusetts overall (11.6% of homes), and is 12% higher the percentage (15.2% of homes) in the U.S. as a whole. Additionally, an esimated 14.8% of local homes were built in 1990 to 1999. On the other end of the scale, just 3.0% of homes in this Worcester County ZIP Code were built in 1940 to 1949 in ZIP Code 01581. In comparison, 5.5% of homes in Massachusetts overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 01581

A detailed regional comparison of home ages in ZIP Code 01581.

Year Built ZIP 01581 Massachusetts U.S.
2014 or later 5.3% 1.6% 2.5%
2010 to 2013 7.0% 1.7% 2.7%
2000 to 2009 5.5% 7.1% 14.0%
1990 to 1999 14.8% 7.7% 13.9%
1980 to 1989 11.5% 10.8% 13.4%
1970 to 1979 17.0% 11.6% 15.2%
1960 to 1969 13.4% 10.2% 10.6%
1950 to 1959 8.4% 11.3% 10.3%
1940 to 1949 3.0% 5.5% 4.9%
1939 or earlier 14.2% 32.5% 12.6%

Age of Homes in ZIP Code 01581

See the chart below for details on the age of homes in ZIP Code 01581, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 01581

Frequently asked questions about housing in this Westborough, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01581.

1

What is the average home value ZIP Code 01581?

The median home value in ZIP Code 01581 (Westborough, MA) is $458,100.
2

Are homes expensive in ZIP Code 01581?

The median home value in 01581 ($458,100) is an estimated 20% higher than the aggregate median value of $381,600 in Massachusetts, and is 111% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 01581?

The vacacy rate for owner-occupied housing in ZIP Code 01581 is 0.6%. This rate is 40% lower than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01581 vacancy rate is 63% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01581 have older homes or newer construction?

In ZIP Code 01581, about 17.0% of homes were built in 1970 to 1979. That time range includes the most home construction. Also, 14.8% of homes in the region were built in 1990 to 1999. In contrast, 3.0% of homes in 01581 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 01581? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01581 than renter-occupied housing. Owner-occupied units make up 63.0% of housing, compared to 37.0% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01581?

The vacacy rate for rental units in ZIP Code 01581 is 10.4%. This rate is 189% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01581 vacancy rate is 73% higher than the entire U.S. vacancy rate of 6.0%.