The Worcester Business Journal is reporting that as of this month, “Rent prices in the city of Worcester remained relatively steady from the year prior, rising 1.2% while prices dropped 0.9% throughout Massachusetts.” Despite this, Worcester still remains one of the more affordable large cities nationwide, with a median rent just above the national average. This holds true even when compared to just the state of Massachusetts, where comparable rents can be nearly double outside of the Boston area. This trend is not unique to Worcester however, since national rent prices have followed similar patterns, rising just 0.2% over the last twelve months. For more information on this, read the full article here.
At DiRoberto Property Management, we stay on top of rental trends in the Worcester Area and know the local market inside and out. Our team can help you make sure that your listings are properly priced and get filled with reliable tenants. We’ve successfully completed thousands of transactions in the area, and we can help you get the most out of your property. We offer full service Property Management Services, and assist with all different kinds of properties, including: Multi-Families, Commercial Properties, Apartment Complexes, and Condominiums.
Worcester Business Journal “Worcester rent prices stayed steady in June compared over last year” www.wbjournal.com. Accessed 26 June 2020.