The story of this market
The typical home in ZIP 01545 sells for about $672,000, or $336 per square foot.
Prices are down 2.6% from a year ago, which gives buyers more room to negotiate. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,116 a month.
ZIP 01545 — Shrewsbury
The 01545 housing market remains highly competitive with strong demand for limited inventory, keeping prices elevated. While year-over-year price growth has moderated, the market continues to see fast turnover times, driven by the area's appeal to families and commuters.
This ZIP is ideal for family buyers seeking high-quality schools and professionals commuting to the Worcester or Boston-metro employment corridors.
Median prices moved down 2.6% year over year.
Homes spend a median of 21 days on market with 2.4 months of supply — a fast-moving market.
0% 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 2.4% · poverty 3.7% — 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 6.4%/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 4.4%/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 01545, 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.
Shrewsbury generally maintains a lower crime rate compared to the broader Worcester metropolitan area, with property and violent crime incidents remaining relatively stable.
The Shrewsbury Public Schools district is highly regarded, consistently ranking among the top-performing districts in the region with strong academic outcomes.
The area faces moderate risks related to winter storms and occasional localized flooding, with standard insurance coverage typically sufficient for residential properties.
Shrewsbury benefits from its proximity to major employment hubs in Worcester and the I-495 technology corridor, with ongoing mixed-use development in the town center.
Property taxes are assessed by the Town of Shrewsbury based on a single tax rate applied to all property classes, with exemptions available for qualifying seniors and veterans.
Residents primarily commute via Route 9 and I-290 toward Worcester or eastward toward the I-495 belt, with limited public transit options relying on regional bus services.
The area features extensive outdoor amenities including Lake Quinsigamond for water sports, various town parks, and proximity to major shopping centers along the Route 9 corridor.
The rental market shows sustained demand with a median rent of $2,325, though vacancy pressure remains low due to the town's desirability for commuters.
The local economy is anchored by healthcare, education, and professional services, with significant employment spillover from nearby Worcester and the I-495 corridor.
Transportation is heavily reliant on personal vehicles, with Route 9 and I-290 serving as the primary corridors for regional access.
Development is focused on infill residential projects and the continued expansion of commercial space along the Route 9 corridor.
Parcels are subject to standard municipal property taxes and are served by the Shrewsbury Public Schools district.
Property insurance premiums are stable, reflecting the area's low risk for major natural disasters compared to coastal regions.
Data retrieved from data.census.gov 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.
A large lake offering boating, fishing, and recreational parks.
A major town park featuring sports fields, walking trails, and picnic areas.
The primary commercial artery featuring extensive retail and restaurant options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.