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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ludlow, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ludlow, MA Housing Market Trends

With a population of 20,871, 8,502 total housing units (homes and apartments), and a median house value of $365,186, Ludlow real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Ludlow homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Ludlow, accounting for 72.89% of the town's housing units. Other types of housing that are prevalent in Ludlow include duplexes, homes converted to apartments or other small apartment buildings ( 12.57%), large apartment complexes or high rise apartments ( 8.70%), and a few row houses and other attached homes ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ludlow. Owner-occupied housing accounts for 71.85% of Ludlow's homes, and 63.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ludlow built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ludlow built between 1940-1969 ( 36.13%). A lesser amount of the housing stock also hails from before 1939 ( 16.49%). There's also some housing in Ludlow built between 2000 and later ( 10.50%).

Ludlow Home Appreciation Rates

Ludlow's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ludlow during the period has been just 4.85%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ludlow's appreciation rate, at 6.30%, has been at or slightly above the national average. In the latest quarter, Ludlow's appreciation rate has been 3.19%, which annualizes to a rate of 13.40%.

Importantly, this makes Ludlow one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Massachusetts, our data show that Ludlow's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$365,186

Ludlow, MA Home Prices
> $1,286,000
$965,001 - $1,286,000
$643,001 - $965,000
$514,001 - $643,000
$386,001 - $514,000
$257,001 - $386,000
$129,001 - $257,000
$64,001 - $129,000
$0 - $64,000
0.0%
0.0%
0.6%
0.6%
5.1%
5.1%
8.6%
8.6%
27.0%
27.0%
40.7%
40.7%
15.2%
15.2%
0.2%
0.2%
2.7%
2.7%
0% 100.0%
% of Homes
Very Low

for Massachusetts

High

for nation

Number of Homes And Apartments:

8,502

Ludlow Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,116 / per month

Homeownership Rate

Owners
Renters
71.8%
71.8%
28.2%
28.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
36.9%
36.9%
36.1%
36.1%
16.5%
16.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.9%
72.9%
5.1%
5.1%
12.6%
12.6%
8.7%
8.7%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
7.8%
7.8%
26.9%
26.9%
50.3%
50.3%
12.9%
12.9%
1.7%
1.7%
0% 100.0%
% of Homes