Ludlow, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ludlow Neighborhoods Since 2000




Ludlow, MA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ludlow Housing Market Information

With a population of 21,472, 8,093 total housing units (homes and apartments), and a median house value of $239,796, 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 74.38% 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 ( 12.89%), large apartment complexes or high rise apartments ( 8.98%), and a few row houses and other attached homes ( 2.85%).

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 74.16% of Ludlow's homes, and 63.39% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ludlow's housing was primarily built during this period, from the '40s through the '60s. A full 40.52% of the town's housing hails from this era. Other housing ages represented in Ludlow include homes built between 1970-1999 ( 28.96%) and housing constructed before 1939 ( 18.73%). There's also some housing in Ludlow built between 2000 and later ( 11.79%).

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 -0.82%, which is lower than 70% of US communities.

Appreciation rates are so strong in Ludlow that despite a nationwide downturn in the housing market, Ludlow real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ludlow appreciation rates continue to be some of the highest in America, at 6.57%, which is higher than appreciation rates in 78.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ludlow. Ludlow appreciation rates in the latest quarter were at 1.15%, which equates to an annual appreciation rate of 4.66%.

Relative to Massachusetts, our data show that Ludlow's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$239,796

Ludlow, MA HOME PRICES

Value Range
> $1,087,000 0.1
$815,001 - $1,087,000 0.2
$543,001 - $815,000 2.3
$435,001 - $543,000 6.2
$326,001 - $435,000 16.3
$217,001 - $326,000 36.2
$109,001 - $217,000 35.9
$54,001 - $109,000 0.5
$0 - $54,000 2.4

Very Low for MA
High for Nation

Value Relative to Nation Value Relative to State
24.147427633892 88.4615384615385

Number Of Homes And Apartments:
8,093

Ludlow Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.93% 2.53% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,279 / per month

Homeownership Rate

Homeownership
Owners 74.16
Renters 25.84
Vacant 5.22

Housing Market Details

 

Age of Homes

AGE OF Ludlow HOMES
2000 or Newer 11.8
1970 - 1999 29.0
1940 - 1969 40.5
1939 or Older 18.7

Types of Homes

TYPE OF Ludlow HOMES
Single-Family 74.4
Townhomes 2.8
Small Apt. Buildings 12.9
Apt. Complexes 9.0
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Ludlow HOMES
No Bedroom 2.18
1 Bedroom 6.25
2 Bedrooms 25.90
3 Bedrooms 49.02
4 Bedrooms 14.37
5 or more bedrooms 2.27