JeffCroweCRE

Housing market/Massachusetts/ZIP 01603

ACS 2023 · FY2027 SAFMR

ZIP 01603 Worcester, Massachusetts

Worcester, MA HUD Metro FMR Area · Massachusetts. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
21,034
Households
8,133
Median HH income
$63,646
Renter share
51.6%
Median gross rent
$1,339
Vacancy
4.4%
Pop. change
+8.8%
2BR SAFMR
$1,970
SAFMR / rent
1.471×
2–49 unit stock
4,306
LIHTC proj / units
3 / 72
HUD assisted MF
2 / 181

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 01603 · MA — sent to you.

ZIP 01603 · MA

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ACS rent vs 2BR SAFMR

ZIP 01603 — Worcester, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,339
2BR SAFMR$1,970
90% floor$1,773
110% ceiling$2,167

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 01603

  • 1-unit detached2,80032.9%
  • 1-unit attached6798.0%
  • 2–4 units3,36439.6%
  • 5–49 units94211.1%
  • 50+ units7128.4%
  • Mobile70.1%
TypeUnitsShare
1-unit detached2,80032.9%
1-unit attached6798.0%
2 units (duplex)1,04012.2%
3–4 units2,32427.3%
5–9 units4755.6%
10–19 units2803.3%
20–49 units1872.2%
50+ units7128.4%
Mobile70.1%

2–4 unit share 39.6% · 5–49 unit share 11.1% · combined 2–49 50.6%.

Units by bedrooms

Studio
240
1BR
1,199
2BR
2,797
3BR
3,138
4BR
903
5+
227

Rent burden

Rent ≥30% of income53.5%
Rent ≥50% of income31.6%
  • ACS median gross rent $1,339 (all bedrooms, occupied rentals).
  • Median contract rent $1,110.
  • Renters paying ≥30% of income 53.5%; ≥50% 31.6%.
  • FY2027 2BR SAFMR $1,970 (1.471× ACS median gross rent).

Population

21,034 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +8.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 72 units.
  • HUD project-based assisted MF: 2 properties, 181 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 807 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 01603 51.6% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $1,339; population increased +8.8% between the 2018 and 2023 ACS vintages; the housing stock includes 3,364 units in 2–4-unit structures and 942 units in 5–49-unit structures; 3 LIHTC projects totaling 72 units; FY2027 2BR SAFMR is $1,970 versus ACS median gross rent of $1,339. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Massachusetts research

ZIP 01603 is a Census / HUD profile for Worcester, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 01603 — Worcester, MA HUD Section 8 Payment Standards / SAFMR·Massachusetts ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
01074Worcester, MA HUD Metro FMR Area81.8%$1,032$1,86001501Worcester, MA HUD Metro FMR Area19.9%$1,241$1,86001505Worcester, MA HUD Metro FMR Area20.1%$1,833$2,55001506Worcester, MA HUD Metro FMR Area15.3%$1,043$1,86001507Worcester, MA HUD Metro FMR Area16.9%$1,215$1,86001508Worcester, MA HUD Metro FMR Area——$1,98001509Worcester, MA HUD Metro FMR Area——$1,98001515Worcester, MA HUD Metro FMR Area18.0%$997$1,86001516Worcester, MA HUD Metro FMR Area16.4%$1,537$2,12001518Worcester, MA HUD Metro FMR Area28.0%$1,051$1,86001519Worcester, MA HUD Metro FMR Area20.1%$2,266$2,81001520Worcester, MA HUD Metro FMR Area14.7%$1,578$2,430

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Massachusetts research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 01603?

ZIP 01603 (Worcester, MA HUD Metro FMR Area) has 21,034 residents, 8,133 households, a renter share of 51.6%, median household income of $63,646, and ACS 2023 median gross rent of $1,339. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 01603?

ACS counts 1,040 units in 2-unit buildings, 2,324 in 3–4 unit buildings, 475 in 5–9, 280 in 10–19, and 187 in 20–49. Combined 2–49 unit stock is 4,306 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 01603?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,970. See the full schedule and 90–110% payment-standard band on the ZIP 01603 — Worcester, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 01603 is Census / HUD research for Worcester, MA HUD Metro FMR Area. Jeff Crowe CRE does not list Massachusetts property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.