JeffCroweCRE

Housing market/Massachusetts/ZIP 01562

ACS 2023 · FY2027 SAFMR

ZIP 01562 Spencer, 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
11,961
Households
5,135
Median HH income
$79,086
Renter share
34.9%
Median gross rent
$1,085
Vacancy
11.3%
Pop. change
+0.4%
2BR SAFMR
$1,860
SAFMR / rent
1.714×
2–49 unit stock
2,204
LIHTC proj / units
1 / 24
HUD assisted MF
1 / 35

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 01562 · MA — sent to you.

ZIP 01562 · MA

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ACS rent vs 2BR SAFMR

ZIP 01562 — Spencer, MA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,085
2BR SAFMR$1,860
90% floor$1,674
110% ceiling$2,046

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

Housing stock

ACS 2023 units-in-structure · ZCTA 01562

  • 1-unit detached3,46359.9%
  • 1-unit attached510.9%
  • 2–4 units1,45925.2%
  • 5–49 units74512.9%
  • 50+ units470.8%
  • Mobile160.3%
TypeUnitsShare
1-unit detached3,46359.8%
1-unit attached510.9%
2 units (duplex)72812.6%
3–4 units73112.6%
5–9 units5629.7%
10–19 units1302.2%
20–49 units530.9%
50+ units470.8%
Mobile160.3%

2–4 unit share 25.2% · 5–49 unit share 12.9% · combined 2–49 38.1%.

Units by bedrooms

Studio
125
1BR
887
2BR
1,641
3BR
2,312
4BR
778
5+
45

Rent burden

Rent ≥30% of income45.4%
Rent ≥50% of income26.2%
  • ACS median gross rent $1,085 (all bedrooms, occupied rentals).
  • Median contract rent $841.
  • Renters paying ≥30% of income 45.4%; ≥50% 26.2%.
  • FY2027 2BR SAFMR $1,860 (1.714× ACS median gross rent).

Population

11,961 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.4%.

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

Assisted inventory

  • LIHTC: 1 projects, 24 units.
  • HUD project-based assisted MF: 1 properties, 35 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 01562 34.9% of occupied households are renters; vacancy is 11.3%; ACS median gross rent is $1,085; population increased +0.4% between the 2018 and 2023 ACS vintages; the housing stock includes 1,459 units in 2–4-unit structures and 745 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $1,860 versus ACS median gross rent of $1,085. 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 01562 is a Census / HUD profile for Worcester, MA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 01562 — Spencer, 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 01562?

ZIP 01562 (Worcester, MA HUD Metro FMR Area) has 11,961 residents, 5,135 households, a renter share of 34.9%, median household income of $79,086, and ACS 2023 median gross rent of $1,085. Vacancy is 11.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 01562?

ACS counts 728 units in 2-unit buildings, 731 in 3–4 unit buildings, 562 in 5–9, 130 in 10–19, and 53 in 20–49. Combined 2–49 unit stock is 2,204 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 01562?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,860. See the full schedule and 90–110% payment-standard band on the ZIP 01562 — Spencer, MA HUD Section 8 Payment Standards / SAFMR.

Does this Massachusetts ZIP profile include Georgia listings?

No. ZIP 01562 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.