The story of this market
The typical home in ZIP 01560 sells for about $591,000, or $301 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 $1,476 a month.
ZIP 01560 — Grafton
The 01560 market is characterized by high price points and limited inventory, reflecting strong demand for suburban housing in the Worcester area. While price growth has moderated compared to previous years, the market remains competitive for buyers. Investors face challenges due to high price-to-rent ratios and strict local tenant protections.
This ZIP is best suited for family buyers seeking suburban living with access to regional employment hubs, though it presents challenges for investors due to high entry prices and regulatory friction.
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 3.8% · poverty 4.0% — 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 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01560, 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 Grafton Public Schools district, which is generally well-regarded within the region.
The area is subject to standard New England climate risks, including winter storms and occasional flooding, with insurance premiums reflecting regional hazard exposure.
Economic momentum is driven by proximity to the Worcester employment core and regional biotech and education sectors.
Property taxes are assessed at the municipal level by the Town of Grafton, with rates determined by the annual budget and local levy limits under Massachusetts Proposition 2 1/2.
Residents primarily commute via the Massachusetts Turnpike (I-90) or Route 146 toward Worcester or the Greater Boston area.
The area features access to the Blackstone River Valley National Heritage Corridor, local parks, and proximity to Lake Ripple for outdoor recreation.
The rental market is characterized by high price-to-rent ratios and a tenant-protective regulatory environment, making cash-flow challenging for investors.
The local economy is integrated into the broader Worcester County market, with significant employment in healthcare, education, and biotechnology.
The area is served by major highway corridors including I-90 and Route 146, facilitating regional transit.
Development is focused on residential expansion and infrastructure improvements to support regional growth.
The Worcester County assessment regime follows state-mandated valuation cycles to ensure equitable property taxation.
Parcels are subject to municipal property taxes and regional school district levies.
Property insurance markets are stable but sensitive to regional weather-related claims.
Massachusetts is a judicial foreclosure state requiring court oversight for the foreclosure process.
Massachusetts requires sellers to provide a property disclosure statement regarding the condition of the home.
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 hiking and historical exploration opportunities.
Local recreational area for fishing and seasonal activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.