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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 20,871, 8,502 total housing units (homes and apartments), and a median house value of $377,960, 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'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 5.15%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Ludlow's appreciation rate, at 7.20%, has been at or slightly above the national average. In the latest quarter, Ludlow's appreciation rate has been 0.85%, which annualizes to a rate of 3.44%.
Relative to Massachusetts, our data show that Ludlow's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.
$377,960
for Massachusetts
for nation
8,502
$2,191 / per month