Northbridge, MA—01588
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 $434,000, 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 | $434,000 | 2.8% |
| Single Family | $477,000 | 2.8% |
| Condos | $393,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $425,000 | 3.7% |
3 Bed | $392,000 | 1.8% |
4 Bed | N/A | N/A |
| 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 $1,900, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Northbridge, MA is 1-bedrooms: $1,790, 2-bedrooms: $1,730, 3-bedrooms: $2,150. The most common rental property sizes in Northbridge, MA are 3-bedroom and 2-bedroom, accounting for 41.0% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,790 |
| 2 Bed Rent | $1,700 | $1,730 |
| 3 Bed Rent | $2,000 | $2,150 |
| 4 Bed Rent | N/A | N/A |
% 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 19. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $506,000 | 2.0% |
Listing Count | 11 | -60.0% |
| Listings as % of Homes | 0.2% | -60.0% |
Days on Market | 19 | -27.0% |
Demographics — Northbridge, MA
As of the latest ACS Survey released in 2023, Northbridge, MA has a population of 10,400, which has increased by 6.0% over the past 5 years. Northbridge, MA is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 31.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | 6.0% |
% Under 18 | 22.4% | -8.9% |
% Seniors | 14.7% | -3.3% |
% WFH | 14.5% | 202.1% |
% w/ College Degree | 31.0% | 3.7% |
As of the latest ACS Survey released in 2023, Northbridge, MA is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Northbridge, MA is hispanic, making up 11.0% of the population. Foreign-born residents account for 5.3% of the population in Northbridge, MA, and this percentage has decreased by 7.0% 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 | 85.3% | -0.1% |
% Black | 0.4% | -86.2% |
% Hispanic | 11.0% | 89.7% |
% Asian | 0.7% | -56.2% |
% Foreign Born | 5.3% | -7.0% |
Mortgage and Risk — Northbridge, MA
According to HUD data as of 2023, there were 263 mortgage originations in Northbridge, MA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Northbridge, MA. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 263 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 | 118 |
Total Units Section 8 | 118 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 95.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,550 | $1,250 |
| 2 Bedroom | -$90 | $1,700 | $1,610 |
| 3 Bedroom | -$30 | $2,000 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,170 |
Affordability — Northbridge, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $434,000 |
| Median Household Income | $88,700 |