The story of this market
The typical home in ZIP 01523 sells for about $467,660, or $283 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 $2,338 a month.
ZIP 01523 — Lancaster
The housing market in 01523 remains stable with moderate price appreciation and low inventory levels. Demand is supported by the area's strong school district and proximity to major employment hubs, though rising interest rates have tempered the pace of sales compared to previous years.
This ZIP is well-suited for families and professionals seeking a suburban lifestyle with access to high-quality schools and a manageable commute to major employment centers.
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 6.9% · poverty 1.4% — a stable, low-distress 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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 01523, 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 Nashoba Regional School District, which is generally characterized by high academic performance and strong community support.
The region faces standard New England climate risks, including winter storm exposure and localized flood risks in low-lying areas near the Nashua River.
The area benefits from its proximity to the I-495 corridor and the expanding biotech and manufacturing sectors in the greater Worcester and MetroWest regions.
Property taxes are assessed at the municipal level by the Town of Lancaster based on a uniform tax rate applied to the fair market value of real estate.
Residents primarily commute via I-190 and Route 2, providing access to the Worcester employment core and the broader Boston metropolitan area.
The area features significant natural amenities including the Nashua River, various conservation lands, and proximity to local golf courses and community parks.
The rental market is characterized by low vacancy rates and steady demand, driven by the area's appeal to professionals working in the surrounding tech and education hubs.
The local economy is anchored by education, healthcare, and a growing presence of technology and manufacturing firms within the Worcester metro area.
The area is served by regional highway corridors including I-190 and Route 2, with limited public transit options relying on regional bus services.
Development focus is on maintaining the town's historic character while allowing for controlled residential growth and infrastructure upgrades.
Parcels are subject to municipal property taxes and the Nashoba Regional School District assessment.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in Central Massachusetts.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Provides extensive trails and recreational opportunities for kayaking and hiking.
Historic central gathering space for community events.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.