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Worcester Mortgage Quotes And Real Estate


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Worcester Mortgage and Real Estate Facts

Overview

In Worcester there are 67,028 places to live. The city has, of course, a mix of various types of housing. Recently 43% of the livable housing units were owner-occupied.

Worcester Mortgage

In Worcester, 67% of housing units (exluding rentals) have a mortgage. Home equity loans and second mortgages are not rare in the city; about 14% of owners use them.

Mortgage and interest rate quotes for the Worcester area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Worcester Mortgage Statistics

CategoryValue
Homes With No Mortgage33%
With A Mortgage67%
First Mortgage Only54%
Second Mortgage or Home Equity Loan14%
Second Mortgage Only5%
Home Equity Loan Only8%

Worcester Housing Expenses

CategoryValue
Owner Costs as % of Income18.7%
Median Real Estate Taxes (2000)$1,814

Worcester Household Size

CategoryValue
Total Occupied67,028
1-Person Households33%
2-Person Households30%
3-Person Households16%
4-Person Households12%
5-Person Households6%
6-Person Households2%
7+-Person Households1%

Worcester Housing Stock

CategoryValue
Median Year Built1946
Median Year Built (Owner Occupied)1943
Median Year Built (Renter Occupied)1949

Worcester Home Heating

CategoryValue
Using Utility Co. Gas Heat56%
Using Bottled/Tank Gas Heat1%
Using Electric Heat7%
Using Oil Heat35%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Worcester Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom3%
2 Bedrooms27%
3 Bedrooms51%
4 Bedrooms15%
5+ Bedrooms4%

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