The story of this market
The typical home in ZIP 01562 sells for about $297,000, or $232 per square foot.
Prices are up +11.4% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,078 a month.
ZIP 01562 — Spencer
The Spencer housing market shows strong year-over-year price appreciation of 11.4% despite a modest median price point. Inventory remains tight with 59 active listings, and the area maintains a stable, established character with a significant portion of the population engaged in professional and healthcare sectors.
This ZIP is suitable for family buyers and those seeking an established, small-town character with access to local reservoirs and a commute profile near the national average.
Median prices moved up 11.4% year over year.
Homes spend a median of 36 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.1% · poverty 11.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 01562, 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 average commute is 34 minutes, which is near the national average.
The area features access to the Sugden Reservoir, providing water views and recreational opportunities.
The median rental price is $1,900 per month.
The dominant occupation class is management, business, and professional, with education and healthcare as the leading industries.
Data sourced from ZipCodesToGo and ACS-based summaries.
A local reservoir providing water views and recreational space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.