The story of this market
The typical home in ZIP 01420 sells for about $425,000, or $254 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,222 a month.
ZIP 01420 — Fitchburg
The Fitchburg housing market shows resilience with a median sale price of $425,000, reflecting a 1.1% year-over-year increase. While inventory remains tight, the market is experiencing steady demand from buyers seeking affordability relative to the broader Boston metro area.
This ZIP is well-suited for first-time homebuyers and commuters seeking more affordable entry points into the Massachusetts housing market compared to the Greater Boston core.
Median prices moved up 1.1% year over year.
Homes spend a median of 29 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.0% · poverty 15.7% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01420, Worcester County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Fitchburg Public Schools, which generally face challenges in state accountability metrics compared to more affluent suburban districts in the region.
The area is subject to standard New England climate risks, including winter storm impacts and localized flooding near the Nashua River.
Economic momentum is anchored by Fitchburg State University and regional manufacturing, with ongoing efforts to revitalize the downtown corridor and improve transit connectivity to Boston.
Property taxes are assessed at the municipal level by the City of Fitchburg, which utilizes a single tax rate for all property classes; exemptions are available for qualifying seniors, veterans, and low-income residents.
Commuters primarily rely on Route 2 for driving access to the I-495 beltway, while the MBTA Fitchburg Line provides direct commuter rail service to Boston's North Station.
The area features access to the Nashua River Rail Trail, Coggshall Park, and various local athletic fields, with proximity to the shopping districts along John Fitch Highway.
The rental market remains tight with steady demand driven by university students and commuters, resulting in a median asking rent of approximately $1,900.
The local economy is driven by education, healthcare, and light manufacturing, with Fitchburg State University serving as a primary employer and economic engine.
The city is served by the MBTA Commuter Rail Fitchburg Line and is bisected by Route 2, providing a critical east-west corridor.
Ongoing urban renewal projects focus on the downtown area and the redevelopment of former industrial sites into mixed-use spaces.
Parcels are subject to municipal property taxes and standard state-level school district funding mechanisms.
Property insurance premiums in the region are influenced by exposure to severe winter weather and aging housing stock.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 01420.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional anchor institution.
Large municipal park featuring a lake and walking trails.
Multi-use recreational trail for cycling and walking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.