Worcester, Massachusetts Mortgage and Housing Information

Population: 172,648
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

A comparison of the average prices of homes in Worcester, Massachusetts and the U.S.
	U.S.	Massachusetts	Worcester
Median home value in year 2006	$185,200	$370,400	$266,000

Median owner costs for owner-occupied houses and condos in year **2006**
	U.S.	Massachusetts	Worcester
With a mortgage	$1,402	$1,925	$1,776
Without a mortgage	$399	$616	$590

Types of mortgages for owner-occupied Houses and Condos in Worcester (2006)
Mortgage Type	Number of Houses and Condos	Percent of total
Without a mortgage	7,635	24.0%
First Mortgage Only	18,485	58.1%
Second Mortgage and/or Home Equity Loan	5,703	17.9%
Total	31,823	100%

Median age for males and females (2000).
Males	31
Females	34

Males earn $7,324 (29.3%) more than Females in Worcester.

Level of higher education for people over 25 years in Worcester (2006).
Level	Number of Males	Percent of Males	Number of Females	Percent of Females
Some College	7,689	15.2%	8,872	17.5%
Associate Degree	3,677	7.3%	4,591	9.1%
Bachelor's Degree	10,742	21.2%	9,639	19.1%
Master's Degree	2,831	5.6%	4,340	8.6%
Professional Degree	1,034	2.0%	654	1.3%
Doctorate Degree	965	1.9%	919	1.8%
Total (at least some college)	26,938	53.3%	29,015	51.3%
Total over 25	50,580	100%	56,547	100%

What Will Your Monthly Payment Be?

Purchase Price

Down Payment

Interest Rate

Term of the Loan