The story of this market
The typical home in ZIP 01541 sells for about $695,000, or $262 per square foot.
Prices are up +7.3% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $897 a month.
ZIP 01541 — Princeton
The housing market in 01541 remains competitive with low inventory and high demand for single-family homes, driving steady price appreciation. While the market is balanced, buyers face limited options and high price points, reflecting the broader trend of sustained demand in the Worcester County suburbs.
This ZIP is best suited for families and professionals seeking a quiet, rural environment with high-quality schools, while remaining within a reasonable commute to the Worcester metro area.
Median prices moved up 7.3% year over year.
Homes spend a median of 21 days on market with 2.6 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 100.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.4% · poverty 4.2% — 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 7.8%/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 7.0%/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 01541, 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.
Princeton is characterized by very low crime rates, significantly lower than both the Worcester County and Massachusetts state averages.
The area is served by the Wachusett Regional School District, which is generally well-regarded for its academic performance and student support services.
The region faces moderate risks related to winter storms and potential flooding in low-lying areas, with standard insurance coverage recommended for property owners.
Economic momentum is driven by proximity to the Worcester employment hub and the expansion of regional infrastructure, though the town maintains a largely residential, rural character.
Property taxes are determined by the Town of Princeton based on local assessment rates; there are no special MUD or PID districts, but residents are subject to regional school district levies.
Commuters primarily rely on personal vehicles to access the Worcester employment core via Route 140 and I-190, with limited public transit options available.
The area features extensive outdoor amenities including Wachusett Mountain State Reservation, numerous hiking trails, and proximity to local lakes for seasonal recreation.
The rental market is tight with limited inventory, primarily consisting of single-family homes; demand is driven by those seeking a rural lifestyle within commuting distance of Worcester.
The local economy is largely residential, with residents commuting to major employers in Worcester, including UMass Memorial Health and various higher education institutions.
Transportation is heavily dependent on private vehicles; the area is served by state highways connecting to the broader Worcester County transit network.
Development is strictly managed by local zoning to preserve the town's rural character, with limited large-scale commercial projects in the pipeline.
The Worcester County assessment regime follows standard Massachusetts property tax laws with annual adjustments based on market sales data.
Parcels are subject to the Wachusett Regional School District tax levy and standard municipal utility assessments.
Property insurance premiums are stable, though homeowners in wooded areas may face higher costs due to wildfire risk assessments.
Massachusetts is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement regarding the condition of the home, though Massachusetts is a 'caveat emptor' state.
Data retrieved from data.census.gov for ZCTA 01541.
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 destination for hiking, skiing, and outdoor recreation.
Features preserved colonial architecture and local community hubs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.