Southbridge, MA 01550 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Southbridge, MA—01550

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$386,000

1.1% YoY Growth

Household Income

$59,400

17.0% YoY Growth

Days on Market

27.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$1,750

1.1% YoY Growth

1-Bed Rent

$1,600

8.8% YoY Growth

2-Bed Rent

$1,650

0.6% YoY Growth

3-Bed Rent

$1,800

8.5% YoY Growth

Home Price Trends — Southbridge, MA

As of May '26, the median home price in Southbridge, MA is $386,000, 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 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$386,000	1.1%
Single Family	$391,000	1.6%
Condos	$218,000	1.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.9%

1 Bedroom

23.3%

2 Bedrooms

43.5%

3 Bedrooms

25.4%

4 Bedrooms

5.8%

5+ Bedrooms

0.1%

Property Listings — Southbridge, MA

As of May '26, Realtor.com reports that the median days on market for a home in Southbridge, MA is 28. This is a increase of 27.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$432,000	17.0%
Listing Count	38	38.0%
Listings as % of Homes	0.2%	38.0%
Days on Market	28	27.0%

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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%

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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%

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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%

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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

Southbridge, MA—01550

Key Metrics at a Glance

Home Price Trends — Southbridge, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Southbridge, MA

% of Rental Stock

Property Listings — Southbridge, MA

Demographics — Southbridge, MA

Race and Ethnicity

Mortgage and Risk — Southbridge, MA

Mortgages

Rentals and Section 8 — Southbridge, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Southbridge, MA

Home Price to Income Ratio

Southbridge, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Sturbridge, MA

Woodstock, CT

Quinebaug, CT

Sturbridge, MA

Dudley, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$386,000
Median Household Income	$59,400

Southbridge, MA—01550

Key Metrics at a Glance

Home Price Trends — Southbridge, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Southbridge, MA

% of Rental Stock

Property Listings — Southbridge, MA

Demographics — Southbridge, MA

Race and Ethnicity

Mortgage and Risk — Southbridge, MA

Mortgages

Rentals and Section 8 — Southbridge, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Southbridge, MA

Home Price to Income Ratio

Southbridge, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Sturbridge, MA

Woodstock, CT

Quinebaug, CT

Sturbridge, MA

Dudley, MA

Frequently Asked Questions

What is the average home price in Southbridge, MA 01550?

How have home prices in Southbridge, MA 01550 changed over the past year?

What is the home price projection for Southbridge, MA 01550?

What are the demographics of Southbridge, MA 01550?

How long does it take homes to sell in Southbridge, MA 01550?

What is the average rent price in Southbridge, MA 01550?