Quick facts: Ludlow, MA

Quick Facts

119.6
Cost of Living
above US average
21,478
Population
7.31
Crime Rate per 1000
below US average
$72,150
Median Income
below US average
$409,900
Median House Price
above US average
$1986.88
Average Rent
above US average
7%
Poverty Rate
below US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $72,150.

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Income Needed to Buy

βœ— Stretch
$129k/year
Based on $409,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $129k vs median $72,150
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1986.88/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $72,150
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ludlow, MA

Ludlow, Massachusetts, is a charming suburban town located in Hampden County, just east of Springfield. With a population of around 21,000 residents, Ludlow offers a friendly, tight-knit community atmosphere while providing easy access to urban amenities. The town boasts a rich history dating back to its incorporation in 1775 and features a mix of residential neighborhoods, parks, and local businesses. Notable attractions include the Ludlow Reservoir, which offers recreational opportunities such as fishing and hiking, and several parks that are perfect for family outings. The town also hosts community events and festivals that celebrate its unique culture. Ludlow's strategic location provides easy access to major highways, making it convenient for commuters traveling to nearby cities like Springfield or Worcester. The local schools are part of the Ludlow Public Schools district, known for its commitment to education. Overall, Ludlow offers a blend of small-town charm and suburban convenience, making it an appealing place to live for families and professionals alike.

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