Rent vs. Buy in Worcester County, MA

Should you rent or buy in Worcester County? Here are the numbers.

Median Home Price

$363,200

Median Rent

$1,263/mo

Price-to-Rent Ratio

24x

Homeownership Rate

65.9%

Monthly Cost Comparison

Buying (20% down, 6.5% rate)

Mortgage (P&I)$1,837
Property Tax$412
Insurance$121

Total Monthly$2,370

Renting

Monthly Rent$1,263
Renter's Insurance$25

Total Monthly$1,288

In Worcester County, buying costs approximately $1,107/mo more than renting. This doesn't account for equity buildup, tax deductions, or home appreciation.

About Worcester County, Massachusetts

Worcester County in Massachusetts has a median household income of $88,524 and an effective property tax rate of 1.4%. With a price-to-rent ratio of 24x, renting may be more cost-effective in the short term.

These are starting estimates based on county-level medians. Your actual costs depend on the specific property, your credit score, down payment, and dozens of other variables. Our Monte Carlo simulation models 10,000 scenarios to give you probability-weighted answers, not single-point estimates.

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Other Counties in Massachusetts

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Federal Housing Finance Agency. Estimates are based on county-level medians and may not reflect specific neighborhoods or property types. This is not financial advice — consult a licensed professional before making housing decisions.