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ZIP Code · MA

ZIP 01562

Part of Spencer, MA
Pop. 12,008·Worcester County·153rd most expensive ZIP in Massachusetts
Median rent (all units)
$1,898/mo
Year-over-Year
Stable
Month-over-Month
+3.3%
vs US Median
-$67
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 01562 · $1,898
More expensive than 55% of US ZIP codes · National median $1,965/mo
Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,300
2 BR
$1,670
3 BR
$2,040
4 BR+
$2,250
Research median
$1,670/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,776/yr
At $1,898/mo median
Location
StateMA
CountyWorcester County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +3.3% MoM), not inventory.
Demographics

Who lives here

ZIP 01562 (Spencer, MA) is majority owner-occupied, has a large retiree population, 29.1% of residents hold a bachelor's degree or higher.

Population
12,008
Median income
$80,533
Median age
48.9
Renters
37%
Age distribution
16.4%
14.7%
24.3%
18.5%
26%
Under 1816.4%
18–3414.7%
35–5424.3%
55–6418.5%
65+26%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
91.9%
White91.9%
Black0.5%
Hispanic5%
Asian2.6%
Education (25+)
38.3%
23.5%
29.1%
No HS diploma9.1%
HS diploma38.3%
Some college23.5%
Bachelor's+29.1%
Housing tenure
63%
37%
Owner63%
Renter37%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 01562 in Spencer, MA has changed in 5 years

Income
$68,559 → $80,533
up 17.5%
Population
11,963 → 12,008
up 0.4%
Renter share
35.8% → 37%
+1.2 pts
Bachelor's+
23.7% → 29.1%
+5.4 pts
Median age
47.9 → 48.9
+1.0 yrs

Local incomes tracked alongside that move, going from a median of $68,559 in 2021 to $80,533 more recently. College-educated residents now make up 29.1% of adults here, versus 23.7% in 2021.

Community

Discussions about ZIP 01562

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Local insights

Tips for renters in ZIP 01562

About renting in ZIP 01562

Last updated: July 20, 2026

ZIP code 01562 covers Spencer, MA. The median rent here is $1,898/mo as of July 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,670/mo.

At 28% of local median household income ($80,533/yr), ZIP 01562 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01562?

As of July 20, 2026, the median monthly rent in ZIP 01562 (Spencer, MA) is $1,898. This is based on aggregated data from public sources and community submissions.

How does ZIP 01562 rent compare to the US average?

ZIP 01562's median rent of $1,898/mo is $67 (3%) below the US national median of $1,965/mo.

How does ZIP 01562 compare to other ZIPs in Massachusetts?

ZIP 01562 is among the more affordable ZIP codes in Massachusetts, ranking #153 out of 168 ZIPs at $1,898/mo.

How much income do you need to rent in ZIP 01562?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,898/mo in ZIP 01562. The local median household income is $80,533/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 01562?

Rent in ZIP 01562 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 01562 an affordable place to rent?

ZIP 01562 is considered affordable for renters. At $1,898/mo, rent takes approximately 28% of the local median household income ($80,533/yr). The standard benchmark is 30%. ZIP 01562 falls comfortably within that range.

What percentage of ZIP 01562 residents rent vs. own?

According to Census data, approximately 37% of ZIP 01562 households are renters, while 63% are owner-occupied. ZIP 01562 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 01562 compare to the rest of Spencer?

ZIP 01562 sits right at the Spencer citywide median of $1,898/mo.

When was rent data for ZIP 01562 last updated?

Rent data for ZIP 01562 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,898/mo, rent takes ~28% of ZIP 01562's median household income ($80,533/yr). The standard benchmark is 30%.

ZIP 01562 28%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 01562 (Spencer, MA)

Recent submissions

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