Ludlow, KY—41016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ludlow, KY
As of Oct '25, the median home price in Ludlow, KY is $194,000, with a year-over-year change of 3.3%. This indicates that home prices in Ludlow, KY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 3.3% |
| Single Family | $181,000 | 4.0% |
| Condos | $282,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $135,000 | -0.7% |
2 Bed | $212,000 | 3.4% |
3 Bed | $218,000 | 3.3% |
4 Bed | $244,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ludlow, KY
As of July '25, Rentcast reports the average rent in Ludlow, KY is $1,520, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Ludlow, KY is studios: $1,120, 1-bedrooms: $795, 2-bedrooms: $1,510, 3-bedrooms: $2,100. The most common rental property sizes in Ludlow, KY are 2-bedroom and 1-bedroom, accounting for 41.8% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,520 |
| Studio Rent | $1,120 | $1,120 |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | $1,250 | $1,510 |
| 3 Bed Rent | $1,800 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ludlow, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Ludlow, KY is 69. This is a increase of 63.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $255,000 | 12.0% |
Listing Count | 39 | 94.0% |
| Listings as % of Homes | 0.4% | 94.0% |
Days on Market | 69 | 63.0% |
Demographics — Ludlow, KY
As of the latest ACS Survey released in 2023, Ludlow, KY has a population of 5,790, which has decreased by -2.7% over the past 5 years. Ludlow, KY is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,790 | -2.7% |
% Under 18 | 25.1% | 7.7% |
% Seniors | 14.6% | 20.7% |
% WFH | 11.5% | 219.4% |
% w/ College Degree | 28.8% | 53.2% |
As of the latest ACS Survey released in 2023, Ludlow, KY is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 13.7% in the last 5 years. The second most common race or ethnicity in Ludlow, KY is hispanic, making up 8.5% of the population. Foreign-born residents account for 1.4% of the population in Ludlow, KY, and this percentage has increased by 16.7% 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 | 79.4% | -13.7% |
% Black | 2.7% | 3.8% |
% Hispanic | 8.5% | 107.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.4% | 16.7% |
Mortgage and Risk — Ludlow, KY
According to HUD data as of 2023, there were 168 mortgage originations in Ludlow, KY, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Ludlow, KY. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 168 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Ludlow, KY
Ludlow, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 110 |
Total Units Section 8 | 110 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $795 | $830 |
| 2 Bedroom | -$170 | $1,250 | $1,080 |
| 3 Bedroom | -$370 | $1,800 | $1,430 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Ludlow, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $194,000 |
| Median Household Income | $61,700 |