ZIP Code 01542 — Leicester, MA Home Prices (2026)
The typical home in ZIP 01542 (Leicester, Massachusetts) is worth about $511,000 at roughly $263 per square foot — 8% more expensive than the Leicester median and 74% more expensive than the typical U.S. home.
How 01542 compares
ZIP 01542 is one of the pricier ZIP codes in Leicester: its typical home value of $511,000 ranks #1 of the 3 Leicester ZIP codes we track (the citywide range runs from $432,000 in 01611 to $511,000 in 01542). Per square foot it costs about $263, against $264 for Leicester as a whole, $361 for Massachusetts, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 01542 | $511,000 | $263 |
| Leicester, MA | $472,000 | $264 |
| Massachusetts | $631,000 | $361 |
| United States | $294,000 | $195 |
Home value by size in 01542
Using this ZIP’s rate of about $263 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $263,000 |
| 1,500 sq ft | $394,500 |
| 2,000 sq ft | $526,000 |
| 2,500 sq ft | $657,500 |
| 3,000 sq ft | $789,000 |
Salary needed to buy a home in ZIP 01542
To buy the typical $511,000 home in ZIP 01542 with 20% down, you need a household income of roughly $139,000 a year (about $3,240 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $165,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $25,600 | $4,030/mo | $173,000/yr |
| 10% (+PMI) | $51,100 | $3,850/mo | $165,000/yr |
| 20% | $102,200 | $3,240/mo | $139,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 01542
At about $263 per square foot, here is roughly how much home different budgets get you in ZIP 01542:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 950 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1140 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1520 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1900 sq ft | around the typical home here |
| $600k | 2280 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 01542 home.
Estimate a specific home in 01542
The estimator below is pre-set to ZIP 01542 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Leicester ZIP codes by home value
Where 01542 sits among Leicester’s 3 ZIP codes:
ZIP 01542 home prices: frequently asked
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See the full Leicester home values page, all Massachusetts cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.