Southbridge, MA—01550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southbridge, MA
As of Oct '25, the median home price in Southbridge, MA is $370,000, with a year-over-year change of 1.1%. This indicates that home prices in Southbridge, MA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 1.1% |
| Single Family | $375,000 | 0.8% |
| Condos | $217,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $311,000 | 0.3% |
3 Bed | $378,000 | 0.8% |
4 Bed | $396,000 | 1.0% |
| 5 Bed | $424,000 | 2.9% |
% of Housing Stock
Rental Trends — Southbridge, MA
As of July '25, Rentcast reports the average rent in Southbridge, MA is $1,800, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Southbridge, MA is 1-bedrooms: $1,600, 2-bedrooms: $1,740, 3-bedrooms: $1,840, 4-bedrooms: $2,300. The most common rental property sizes in Southbridge, MA are 2-bedroom and 3-bedroom, accounting for 43.5% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $1,650 | $1,740 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Southbridge, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Southbridge, MA is 41. This is a increase of 26.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 8.0% |
Listing Count | 26 | -11.0% |
| Listings as % of Homes | 0.2% | -11.0% |
Days on Market | 41 | 26.0% |
Demographics — Southbridge, MA
As of the latest ACS Survey released in 2023, Southbridge, MA has a population of 17,800, which has increased by 5.4% over the past 5 years. Southbridge, MA is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 5.4% |
% Under 18 | 21.2% | -1.4% |
% Seniors | 14.4% | -10.0% |
% WFH | 5.3% | 43.2% |
% w/ College Degree | 17.7% | 7.3% |
As of the latest ACS Survey released in 2023, Southbridge, MA is a predominantly white area, with 53.9% of the population identifying as white. The white population has shrunk by 14.7% in the last 5 years. The second most common race or ethnicity in Southbridge, MA is hispanic, making up 40.2% of the population. Foreign-born residents account for 4.0% of the population in Southbridge, MA, and this percentage has decreased by 14.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.9% | -14.7% |
% Black | 4.5% | 21.6% |
% Hispanic | 40.2% | 25.2% |
% Asian | 0.8% | 166.7% |
% Foreign Born | 4.0% | -14.9% |
Mortgage and Risk — Southbridge, MA
According to HUD data as of 2023, there were 262 mortgage originations in Southbridge, MA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Southbridge, MA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Southbridge, MA
As of 2024, the percent of homes in Southbridge, MA under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Southbridge, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 640 |
Total Units Section 8 | 632 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,600 | $1,230 |
| 2 Bedroom | -$70 | $1,650 | $1,580 |
| 3 Bedroom | $130 | $1,800 | $1,930 |
| 4 Bedroom | -$180 | $2,300 | $2,120 |
Affordability — Southbridge, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $370,000 |
| Median Household Income | $59,400 |