| ZIP Code | 01562 |
|---|---|
| City | Spencer |
| State | Massachusetts (MA) |
| County | Worcester County |
| Area Code | 508/774 |
| Elevation | 931 ft |
| Latitude | 42.247211 |
|---|---|
| Longitude | -71.991867 |
| Timezone | New York (DST) |
| FIPS | 25027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.9 yrs ↑ 7% since 2019 |
|---|---|
| Avg Household Size | 2.31 |
| Below Poverty | 7.7% ▼ 24% below avg |
| College Grads | 36.0% ≈ Avg |
| Unemployment | 5.7% ▲ 17% above avg |
| No HS Diploma | 146 (1.7%) |
| HS Graduate | 3,007 (35.4%) |
| Some College | 1,190 (14%) |
| Associates | 1,089 (12.8%) |
| Bachelors | 668 (7.9%) |
| Graduate Degree | 2,390 (28.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $79,086 ≈ Avg ↑ 9% since 2019 |
|---|---|
| Median Home Value | $368,300 ▲ 32% above avg ↑ 44% since 2019 |
| Home/Income Ratio | 4.7x (nat avg ~3.5x) |
| Median Rent | $1,085/mo ↑ 22% since 2019 |
| Total Units | 5,788 |
| Vacant Units | 653 |
| Avg HH Size | 2.31 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,788 |
|---|---|
| Vacant | 653 |
| Owner Occupied | 65.1% |
| Renter Occupied | 34.9% |
| Avg HH Size | 2.31 |
ZIP code 01562 is located in Spencer, Massachusetts, within Worcester County. With a population of 11,961, this is a lightly populated ZIP code with a mature community — the median age is 48.9 years. Economically, 01562 is a middle-income ZIP code: the median household income of $79,086 is near the national average.
Real estate in ZIP code 01562 represents a mid-range housing market. The median home value of $368,300 is above the national average. Renters can expect to pay around $1,085 per month in median rent. Homeownership is strong here — 65.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 44% since 2019.
The population of 01562 is primarily White (90.13%). Residents are moderately educated — 36.0% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 7.7%. Household income has grown by 9% since 2019.
The unemployment rate in 01562 stands at 5.7%, which is above the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 01562 in Spencer, MA is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 11,961 residents, a median household income of $79,086, and a median home value of $368,300, it offers a clear picture of life in this part of Massachusetts.