Home prices
The median home in Ludlow costs $191,800. Compared to its nearby areas it is roughly $34,260 (21%) higher.It is roughly $25,700 (11%) lower compared to the country as a whole, and is approximately $35,600 (22%) higher in comparison to the city of Springfield.
Rents
In Ludlow the median monthly rent is $840. This is approximately $70 (7%) lower compared to the surrounding areas.In comparison to the nation as a whole it is about $222 (20%) lower, and compared to the city of Springfield is approximately $37 (4%) lower.
Nearby places
Proctorsville
Proctorsville is about 2 miles east of Ludlow. Its housing prices are a little less expensive. The median home value in Proctorsville is $157,000, which works out to $34,800 (22%) lower than Ludlow. Rents there are a little less expensive. The median monthly rent in Proctorsville is $758, which works out to $82 (10%) lower than Ludlow.
Cavendish
Cavendish is approximately 3 miles east of Ludlow. The real estate prices there are a little less expensive. Cavendish's median home price is $152,500, which comes out to $39,300 (25%) lower than Ludlow. Rents there are significantly more expensive. The median monthly rent in Cavendish is $1,336, which comes out to $496 (37%) higher than Ludlow.
North Springfield
North Springfield is approximately 8 miles southeast from Ludlow. Its real estate prices are a lot less expensive. The median home cost in North Springfield is $133,800, which works out to $58,000 (43%) lower than Ludlow. The rent there is somewhat more expensive. North Springfield's median rent is $960 a month, which works out to $120 (12%) higher than Ludlow.
Chester
Chester is approximately 9 miles southeast from Ludlow. Real estate prices there are a bit more expensive. The median home in Chester is valued at $210,500, which works out to $18,700 (8%) higher than Ludlow. Its rents are somewhat less expensive. The median monthly rent in Chester is $649, which is $191 (29%) lower than Ludlow.
Springfield
Springfield is approximately 11 miles southeast of Ludlow. The real estate prices there are a lot less expensive. The median home price in Springfield is $133,900, which is $57,900 (43%) lower than Ludlow. Rent there is fairly similar. Springfield's median monthly rent is $846, which is very similar to Ludlow.
