PlainZIP

Spencer, MA · standard

ZIP Code 01562

Worcester County, Massachusetts - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

11,688
137/sq mi
$80,533
Median income
$382,000
Median home value
29.1%
Bachelor's or higher

The verdict

Spencer pairs an above-median household income with upper-quartile home values, in a rural, homeowner-dominated area.

Top 37%
household income, US ZIPs
Top 23%
home value, US ZIPs
137
people per sq mi
63%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 01562 against every reporting US ZIP.

ZIP code 01562 is a mid-sized community (a standard USPS delivery area) in Spencer, Worcester County, Massachusetts, home to 11,688 residents across 85.1 square miles, a density of 137 people per square mile, in the New York time zone.

ZIP 01562 lands in the middle-income range, with a median household income of $80,533 (30% below the Massachusetts average), while per-capita income is $45,204. Local economic indicators show a 11.0% poverty rate alongside 7.1% unemployment. The typical home here is valued at $382,000 (36% below the state average); renters pay a median of $1,078 monthly, and 63.0% of units are owner-occupied.

Educational attainment sits below the national norm: 29.1% of adults hold a bachelor's degree or higher, the median age is 48.9, and the average commute is 34 minutes. To put 01562 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Worcester County, for a geography-aware comparison.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 01562

Top 5 sectors by establishment count in Spencer, MA

Which industries have the most business establishments in ZIP 01562.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 01562, Spencer, MA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

11,688

Population

85.1

Area (sq mi)

137

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 01562?

48.9

Median Age

50.6%

Male

49.4%

Female

3.6%

Foreign-Born

White 91.9%
African American 0.5%
Asian 2.6%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 3.1%
Hispanic or Latino 5.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$80,533

Median Household Income

-30% vs state

$45,204

Per Capita Income

11.0%

Poverty Rate

7.1%

Unemployment Rate

34.3 min

Mean Commute Time

How ZIP 01562 ranks nationally

Spencer, MA household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$80,533 Top 37% higher than 63% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 67.4%
Bachelor's Degree or Higher 29.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

5,695

Total Housing Units

5,201

Occupied Units

494

Vacant Units

2.29

Avg Household Size

Occupancy Type

Owner 63.0%
Renter 37.0%

$382,000

Median Home Value

-36% vs state

$1,078

Median Rent

1968

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+7.4%

YoY Change (2024)

257

HPI Index (2000 = 100)

+157%

Total Change Since 2000

Home values in ZIP 01562 have increased 7.4% over the past year (2024). Since 2000, this ZIP has seen +157% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.2% 169
2021 +16.3% 196
2022 +10.9% 218
2023 +10.2% 240
2024 +7.4% 257

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 219 business establishments in ZIP 01562, employing approximately 2,590 people with a combined annual payroll of $151,286,000.

219

Businesses

2,590

Employees

$151.3M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Construction 46 21.0%
Retail trade 26 11.9%
Accommodation and food services 24 11.0%
Other services (except public administration) 24 11.0%
Health care and social assistance 22 10.1%
Administrative and support and waste management and remediation services 21 9.6%
Manufacturing 10 4.6%
Professional, scientific, and technical services 10 4.6%
Real estate and rental and leasing 9 4.1%
Wholesale trade 5 2.3%
Finance and insurance 5 2.3%
Transportation and warehousing 4 1.8%
Arts, entertainment, and recreation 4 1.8%
Information 3 1.4%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 01562 vs 01524 →

ZIP 01562 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 01562 ranks #3 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 01562 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 01562 ranks #9 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
01524 Leicester, MA 6,696 3.7 mi
01515 East Brookfield, MA 2,183 4.1 mi
01535 North Brookfield, MA 4,680 4.7 mi
01611 Cherry Valley, MA 2,242 5.9 mi
01612 Paxton, MA 4,845 5.4 mi
01542 Rochdale, MA 2,202 5.2 mi
01507 Charlton, MA 12,981 7.8 mi
01603 Worcester, MA 19,916 7.5 mi
01068 Oakham, MA 1,902 7.6 mi
01543 Rutland, MA 7,973 9.6 mi

More ZIP Codes in Worcester County

01453 standard
Leominster, MA
Pop: 40,883
01420 standard
Fitchburg, MA
Pop: 40,337
01545 standard
Shrewsbury, MA
Pop: 35,299
01604 standard
Worcester, MA
Pop: 34,677
01757 standard
Milford, MA
Pop: 28,061
01605 standard
Worcester, MA
Pop: 26,221

Related Areas

Worcester County Spencer, MA Massachusetts

Frequently Asked Questions

What county is ZIP code 01562 in? ▼
ZIP code 01562 (Spencer) is located in Worcester County, Massachusetts. Worcester County contains multiple ZIP codes, see the full list at /counties/worcester-ma.
What is the population of ZIP code 01562? ▼
ZIP code 01562 in Spencer, MA has a population of 11,688 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 01562? ▼
The median household income in ZIP 01562 is $80,533, which is 6% above the national average of $76,288.
What is the average home value in ZIP 01562? ▼
The median home value in ZIP 01562 is $382,000, which is 37% above the national average of $278,155.
What is the demographic makeup of ZIP 01562? ▼
The largest racial group in ZIP 01562 is White at 91.9%. Hispanic or Latino residents make up 5.0% of the population.
How many businesses are in ZIP code 01562? ▼
ZIP code 01562 has 219 business establishments employing approximately 2,590 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 01562? ▼
The top industries by establishment count in ZIP 01562 are: Construction (46), Retail trade (26), Accommodation and food services (24). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 01562? ▼
According to the FHFA House Price Index, home values in ZIP 01562 increased by 7.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 157%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 01562? ▼
In ZIP code 01562, 67.4% of residents aged 25+ have a high school diploma or higher, and 29.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 01562? ▼
The mean commute time for workers in ZIP code 01562 is 34.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 01562? ▼
In ZIP code 01562, approximately 63.0% of occupied housing units are owner-occupied and 37.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 01562? ▼
The poverty rate in ZIP code 01562 is 11.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.