The typical owner-occupied home in Ludlow is worth about $90,000, 61% below the Missouri median of $230,300 and 73% below the national median of $332,700. The median household earns $57,500 a year, so the median home costs 1.6 times the median income (3.3 times for Missouri). 57% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Ludlow at a glance
| Ludlow | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $90,000 | $230,300 | $332,700 |
| Median property tax paid per year | – | $1,948 | $3,119 |
| Median household income | $57,500 | $70,702 | $80,734 |
| Homes lived in by their owners | 57% | 68% | 65% |
| Owner homes with a mortgage | 24% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $850 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 30.0% | 19.0% | 21.0% |
| Median rent | $634 | $1,033 | $1,413 |
| Rent as a share of renters' income | 9.0% | 28.1% | 30.6% |
| Median year homes were built | 1969 | 1978 | 1980 |
| Vacant homes | 30.2% | 11.2% | 10.1% |
| Population | 153 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Ludlow
At this week's average 30-year rate of 7.11%, buying the median Ludlow home of $90,000 with 20% down costs about $604 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $754, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,901 for the 20%-down payment. That payment is 13% of the median Ludlow household income of $57,500; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $634 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,000 |
|---|---|
| Loan amount | $72,000 |
| Principal and interest | $484 |
| Property taxes (1.10% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $604 |
Change the numbers in the calculator
| Down payment | $3,150 |
|---|---|
| Loan amount | $88,370 |
| Principal and interest | $594 |
| Property taxes (1.10% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $754 |
Change the numbers in the calculator
Questions about home buying in Ludlow
What is the median home value in Ludlow?
About $90,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ludlow?
For the median home with 20% down at 7.11%, the payment is about $604 a month. Keeping that under 28% of gross income takes about $25,901 a year.
More about Ludlow
- Mortgage Refinance in Ludlow
- Debt Relief in Ludlow
- Home Equity Loans in Ludlow
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data