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Northbridge, MA—01588

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$431,000
3.4% YoY Growth
Household Income
$88,700
17.5% YoY Growth
Days on Market
58
18.0% Shorter YoY
Home Price Forecast
3.0%
Median Rent
$2,000
1.6% YoY Growth
1-Bed Rent
$1,550
70.5% YoY Growth
2-Bed Rent
$1,700
31.1% YoY Growth
3-Bed Rent
$2,000
8.6% YoY Growth

Other Zip Codes in Northbridge, MA

01534
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Northbridge, MA

As of Dec '25, the median home price in Northbridge, MA is $431,000, with a year-over-year change of 3.4%. This indicates that home prices in Northbridge, MA are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$431,0003.4%
Single Family $470,0003.1%
Condos $389,0007.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$418,0004.2%
    3 Bed
    		$391,0002.6%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    10.8%
    2 Bedrooms
    27.0%
    3 Bedrooms
    42.5%
    4 Bedrooms
    17.0%
    5+ Bedrooms
    2.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,000$1,900
    Studio Rent N/AN/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/AN/A
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    % of Rental Stock

    Studio
    1.6%
    1 Bedroom
    22.4%
    2 Bedrooms
    32.6%
    3 Bedrooms
    41.0%
    4 Bedrooms
    1.6%
    5+ Bedrooms
    0.7%

    Property Listings — Northbridge, MA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Northbridge, MA is 25. This is a decrease of -56.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$347,000-13.0%
    Listing Count
    		12-8.0%
    Listings as % of Homes0.2%-8.0%
    Days on Market
    		58-18.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		10,4006.0%
    % Under 18
    		22.4%-8.9%
    % Seniors
    		14.7%-3.3%
    % WFH
    		14.5%202.1%
    % w/ College Degree
    		31.0%3.7%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$300$1,550$1,250
    2 Bedroom-$90$1,700$1,610
    3 Bedroom-$30$2,000$1,970
    4 BedroomN/AN/A$2,170

    Affordability — Northbridge, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$431,000
    Median Household Income$88,700

    Northbridge, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Northbridge, MA

    01534

    Grafton, MA

    01560

    Uxbridge, MA

    01569

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    01519

    Sutton, MA

    01590

    Frequently Asked Questions