How Long to Save for a Home in Worcester, MA
Median home price, average rent, and a personalized savings timeline for Worcester, updated 2026-Q1.
Median Home Price
$380,000
Average Rent
$1,700/mo
Median Income
$58,000/yr
5yr Price Growth
+28%
Calculate for Worcester
Monthly investment
$500Down payment
Down Payment Scenarios in Worcester
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $13,300 | 2.1 years | 2.3 years |
| 10% Down | $38,000 | 5.2 years | 6.3 years |
| 20% Down | $76,000 | 8.8 years | 12.4 years |
Save for a home in Worcester faster
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Buying a Home in Worcester, Massachusetts
Worcester is one of the Northeast's growing metro areas with a population of 206,000. The median home price of $380,000 is near the national average.
With average rent at $1,700/month, a renter in Worcester investing $500/month into diversified REITs could accumulate a 20% down payment of $76,000 in approximately 8.8 years. The same monthly contribution in a traditional savings account would take about 12.4 years.
Home prices in Worcester have grown 28% over the past five years, outpacing the national average. For renters, this means the down payment target continues to move, making it even more important to invest rather than just save, so your money grows alongside home prices.