Ludlow, MA—01056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ludlow, MA
As of Oct '25, the median home price in Ludlow, MA is $356,000, with a year-over-year change of 1.7%. This indicates that home prices in Ludlow, MA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 1.7% |
| Single Family | $361,000 | 1.1% |
| Condos | $290,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $294,000 | 1.4% |
3 Bed | $367,000 | 1.4% |
4 Bed | $415,000 | 2.2% |
| 5 Bed | $463,000 | 1.3% |
% of Housing Stock
Rental Trends — Ludlow, MA
As of July '25, Rentcast reports the average rent in Ludlow, MA is $1,740, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Ludlow, MA is 1-bedrooms: $1,180, 2-bedrooms: $1,820, 3-bedrooms: $2,400. The most common rental property sizes in Ludlow, MA are 2-bedroom and 3-bedroom, accounting for 47.0% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,180 |
| 2 Bed Rent | $1,650 | $1,820 |
| 3 Bed Rent | $1,700 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ludlow, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ludlow, MA is 30. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $521,000 | 24.0% |
Listing Count | 47 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 30 | 38.0% |
Demographics — Ludlow, MA
As of the latest ACS Survey released in 2023, Ludlow, MA has a population of 20,800, which has decreased by -2.3% over the past 5 years. Ludlow, MA is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | -2.3% |
% Under 18 | 16.2% | -13.4% |
% Seniors | 22.4% | 31.0% |
% WFH | 12.2% | 617.6% |
% w/ College Degree | 25.3% | 6.3% |
As of the latest ACS Survey released in 2023, Ludlow, MA is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Ludlow, MA is hispanic, making up 9.8% of the population. Foreign-born residents account for 15.8% of the population in Ludlow, MA, and this percentage has increased by 12.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.5% | -2.6% |
% Black | 1.8% | -5.3% |
% Hispanic | 9.8% | 14.0% |
% Asian | 0.8% | -27.3% |
% Foreign Born | 15.8% | 12.1% |
Mortgage and Risk — Ludlow, MA
According to HUD data as of 2023, there were 375 mortgage originations in Ludlow, MA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Ludlow, MA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 375 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ludlow, MA
Ludlow, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 130 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,200 | $1,190 |
| 2 Bedroom | -$170 | $1,650 | $1,480 |
| 3 Bedroom | $100 | $1,700 | $1,800 |
| 4 Bedroom | N/A | N/A | $2,020 |
Affordability — Ludlow, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $356,000 |
| Median Household Income | $79,000 |