Northbridge, MA—01534
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Northbridge, MA
Home Price Trends — Northbridge, MA
As of Oct '25, the median home price in Northbridge, MA is $515,000, with a year-over-year change of 2.8%. This indicates that home prices in Northbridge, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $515,000 | 2.8% |
| Single Family | $543,000 | 2.6% |
| Condos | $342,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $382,000 | 2.4% |
3 Bed | $495,000 | 2.7% |
4 Bed | $688,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Northbridge, MA
As of July '25, Rentcast reports the average rent in Northbridge, MA is $2,170, with a year-over-year rent change of -13.2%. Per bedroom, the median rent as of July '25 in Northbridge, MA is 2-bedrooms: $2,000, 4-bedrooms: $2,500. The most common rental property sizes in Northbridge, MA are 2-bedroom and 3-bedroom, accounting for 57.0% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Northbridge, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Northbridge, MA is 43. This is a increase of 284.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $805,000 | 34.0% |
Listing Count | 14 | 156.0% |
| Listings as % of Homes | 0.2% | 156.0% |
Days on Market | 43 | 284.0% |
Demographics — Northbridge, MA
As of the latest ACS Survey released in 2023, Northbridge, MA has a population of 6,100, which has decreased by -3.4% over the past 5 years. Northbridge, MA is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,100 | -3.4% |
% Under 18 | 21.5% | 5.4% |
% Seniors | 19.2% | 23.1% |
% WFH | 18.2% | 208.5% |
% w/ College Degree | 40.6% | 0.0% |
As of the latest ACS Survey released in 2023, Northbridge, MA is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Northbridge, MA is hispanic, making up 6.6% of the population. Foreign-born residents account for 4.8% of the population in Northbridge, MA, and this percentage has increased by 6.7% 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 | 86.4% | -5.5% |
% Black | 3.8% | 442.9% |
% Hispanic | 6.6% | 3.1% |
% Asian | 2.0% | 53.8% |
% Foreign Born | 4.8% | 6.7% |
Mortgage and Risk — Northbridge, MA
According to HUD data as of 2023, there were 51 mortgage originations in Northbridge, MA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Northbridge, MA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Northbridge, MA
Northbridge, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 105 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 22.0% |
% Occupied Section 8 | 96.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | -$290 | $2,000 | $1,710 |
| 3 Bedroom | N/A | N/A | $2,400 |
| 4 Bedroom | $150 | $2,500 | $2,650 |
Affordability — Northbridge, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $515,000 |
| Median Household Income | $135,000 |