The story of this market
The typical home in ZIP 01507 sells for about $405,200, or $286 per square foot.
Prices are up +1.3% from a year ago, so sellers still have some momentum. Homes take about 28.1 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,381 a month.
ZIP 01507 — Charlton
The housing market in Charlton remains stable, characterized by low inventory and steady demand from families seeking suburban living. While price growth has moderated compared to previous years, the market continues to favor sellers due to limited supply and consistent interest in the area's quality of life.
This ZIP is ideal for families and commuters who prioritize a quieter, semi-rural environment while maintaining access to the economic opportunities and amenities of the Worcester metro area.
Median prices moved up 1.3% year over year.
Homes spend a median of 28 days on market with 2.4 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 2.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01507, 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 the Charlton school system, which is part of the Dudley-Charlton Regional School District, generally regarded as providing stable educational services for the region.
The region experiences moderate precipitation and snowfall, with standard insurance requirements for New England; specific flood or wildfire risk zones should be verified at the parcel level.
Charlton maintains a semi-rural character with steady residential development, benefiting from its proximity to the Worcester employment hub and major highway access.
Property taxes are assessed at the municipal level by the Town of Charlton based on fair market value; rates are subject to local budget overrides and state-mandated levy limits.
Residents primarily commute via I-90 (Mass Pike) and I-84, providing access to Worcester and the broader MetroWest employment corridor.
The area features access to Buffumville Lake and various local conservation trails, with regional shopping and dining amenities located in nearby Auburn and Worcester.
The rental market is characterized by low vacancy pressure and limited inventory, with demand driven by families and professionals seeking a suburban lifestyle outside of Worcester.
The local economy is anchored by the broader Worcester metro area, which features a mix of healthcare, education, and manufacturing sectors.
The area is heavily reliant on personal vehicle transit, with I-90 and I-84 serving as the primary arteries for regional connectivity.
Development is primarily focused on low-density residential expansion and small-scale commercial improvements along major corridors.
The Worcester County assessment regime relies on municipal-level appraisal departments to determine property values for local tax levy purposes.
Parcels are subject to the Dudley-Charlton Regional School District and local municipal utility assessments.
Property insurance premiums in the region are influenced by standard New England weather risks, including winter storm exposure and wind.
Massachusetts is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Massachusetts is a caveat emptor state, though sellers are required to disclose known material defects regarding the property's condition.
Data retrieved from US Census Bureau ACS 2023 5-year estimates for ZCTA 01507.
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.
A popular U.S. Army Corps of Engineers recreation area offering boating, fishing, and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.