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ZIP Code · MA

ZIP 01602

Pop. 27,092·Worcester County·124th most expensive ZIP in Massachusetts
Median rent (all units)
$2,404/mo
Year-over-Year
+0.9%
Month-over-Month
-0.9%
vs US Median
+$439
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 01602 · $2,404
More expensive than 76% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$1,740
2 BR
$2,240
3 BR
$2,780
4 BR+
$3,080
Research median
$2,240/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
$28,848/yr
At $2,404/mo median
Location
StateMA
CountyWorcester County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.9% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 01602 (Worcester, MA) is majority owner-occupied, has a median income above the national average, 44.9% of residents hold a bachelor's degree or higher.

Population
27,092
Median income
$91,764
Median age
39.3
Renters
41.1%
Age distribution
18.3%
26.8%
25%
14.1%
15.8%
Under 1818.3%
18–3426.8%
35–5425%
55–6414.1%
65+15.8%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
67.6%
14.3%
White67.6%
Black10.8%
Hispanic14.3%
Asian4.4%
Other2.9%
Education (25+)
22.7%
22.7%
44.9%
No HS diploma9.7%
HS diploma22.7%
Some college22.7%
Bachelor's+44.9%
Housing tenure
58.9%
41.1%
Owner58.9%
Renter41.1%

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

2021 vs 2026

How ZIP 01602 in Worcester, MA has changed in 5 years

Income
$76,287 → $91,764
up 20.3%
Population
26,711 → 27,092
up 1.4%
Renter share
38.4% → 41.1%
+2.7 pts
Bachelor's+
45.7% → 44.9%
-0.8 pts
Median age
39.8 → 39.3
-0.5 yrs

Median household income rose from $76,287 to $91,764 between 2021 and 2024, a 20.3% shift. The population has grown by 1.4% since 2021, moving from about 26,711 residents to roughly 27,092. Renters now make up 41.1% of households, compared with 38.4% five years ago.

Community

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Local insights

Tips for renters in ZIP 01602

About renting in ZIP 01602

Last updated: July 20, 2026

ZIP code 01602 covers Worcester, MA. The median rent here is $2,404/mo as of July 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $2,240/mo.

At 31% of local median household income ($91,764/yr), ZIP 01602 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 01602?

As of July 20, 2026, the median monthly rent in ZIP 01602 (Worcester, MA) is $2,404. This is based on aggregated data from public sources and community submissions.

How does ZIP 01602 rent compare to the US average?

ZIP 01602's median rent of $2,404/mo is $439 (22%) above the US national median of $1,965/mo.

How does ZIP 01602 compare to other ZIPs in Massachusetts?

ZIP 01602 is among the more affordable ZIP codes in Massachusetts, ranking #124 out of 168 ZIPs at $2,404/mo.

How much income do you need to rent in ZIP 01602?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (~$46/hour full-time) to afford the median rent of $2,404/mo in ZIP 01602. The local median household income is $91,764/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 01602?

Rent in ZIP 01602 has increased 0.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 01602 an affordable place to rent?

ZIP 01602 is considered moderate for renters. At $2,404/mo, rent takes approximately 31% of the local median household income ($91,764/yr). The standard benchmark is 30%. ZIP 01602 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 01602 residents rent vs. own?

According to Census data, approximately 41.1% of ZIP 01602 households are renters, while 58.9% are owner-occupied. ZIP 01602 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 01602 compare to the rest of Worcester?

ZIP 01602 is pricier than Worcester as a whole. At $2,404/mo, it's $240 above the Worcester citywide median of $2,164/mo.

When was rent data for ZIP 01602 last updated?

Rent data for ZIP 01602 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $2,404/mo, rent takes ~31% of ZIP 01602's median household income ($91,764/yr). The standard benchmark is 30%.

ZIP 01602 31%Benchmark 30%
State income tax5%
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Schools nearby

Public schools near ZIP 01602 (Worcester, MA)

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