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Worcester Homes For Sale - Choosing Worcester Homes for Sale

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Worcester (pronounced “Wooster”) is a city located in central Massachusetts about 40 miles west of Boston. It is the seat of Worcester County. For several years, Worcester has been making the transition to becoming a large city again after losing over 40,000 people from 1950 to 1980. With an estimated population of 182,882, it is the second-largest city in New England after Boston. The settlement of Worcester dates back to 1673 and the name was decided upon in 1684 as homage to the city in England from which many of the settlers were from. The original settlement was abandoned or captured several time during its first 40 years during several wars with the original Native American inhabitants. The city finally became a permanent settlement and was officially incorporated as a town in 1722. The charter establishing it as a city took effect in 1848. Worcester was an important industrial/economic center during the Revolutionary War. Today, Worcester is still known for its history, geography, and for having a large, diverse economy.

As of the 2000 Census, there were 67,028 households occupying a total of 70,723 housing units. There are anywhere from 700 to 800 Worcester homes for sale on the market. The median price of Worcester homes for sale is $190,000. The market in the city began a steady recovery in the spring of 2010 after being hit hard by the 2006 mortgage crises. There are still more foreclosures on the market than clear homes. The median selling price for foreclosures is about $177,000. Do not expect the sellers to drop their price much in this city. The asking price is rarely more than a few thousand greater than the final selling price. Including all sold homes, the average price per square foot is $107.

The population of Worcester is racially and ethnically diverse. In addition, only 38 percent of households are married couples, and over 40 percent are non-families. The age demographic is very equal throughout the categories, but one category that is off-center is the male-female ratio. Counting only those 18 or older, there are only 89 males to every 100 females. The median household income is estimated at $35,623.

The economy of Worcester is large and diverse, which makes Worcester homes for sale extremely desirable. Among the top employers in the area is David Clark, a large manufacturer of aeronautical equipment. Morgan Construction’s steel rolling mills are also headquartered in the city. The largest employer in Worcester is the University of Massachusetts Medical School. The nearby biomedical park is home to such companies as Abbott Laboratories and Advanced Cell Technology. Another large business in the city is Hanover Insurance. Of course, many residents still take the commute to Boston, also.

There are over 23,000 students in the Worcester public school system. There are 7 high schools, 4 middle schools, and 33 elementary schools in the district. There are also 21 private schools located in the city, including Worcester Academy and Bancroft School. Like nearby Boston, Worcester is a center for higher learning. The colleges and universities in the city include Jesuit College of the Holy Cross, Worcester Polytech, Worcester State University, Clark University, University of Massachusetts Medical School, Becker College, Massachusetts College of Pharmacy and Health Sciences, Assumption College, and Quinsigamond Community College.

Those who buy Worcester homes for sale are served by a large network of interstate highways, U.S. highways, and state roads. I-290 connects the city to I-495, I-90, and I-395, while I-190 runs 19 miles north to Leominster. The city is headquarters for the Providence and Worcester railroad system, which runs lines throughout southern New England. Additionally, the Massachusetts Bay Transportation Authority operates a separate rail line from Union Station. Amtrak also runs through the station. Worcester maintains its own public transportation system, and a regional airport has limited commercial flights and charters available.

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