The typical owner-occupied home in Ludlow is worth about $304,000, 4% below the Vermont median of $316,600 and 9% below the national median of $332,700. Owners pay a median $4,237 a year in property taxes, about 1.39% of their home's value, lower than the Vermont rate of 1.59%. The median household earns $56,667 a year, so the median home costs 5.4 times the median income (3.9 times for Vermont). 51% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Ludlow at a glance
| Ludlow | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $304,000 | $316,600 | $332,700 |
| Median property tax paid per year | $4,237 | $5,039 | $3,119 |
| Property tax as a share of value | 1.39% | 1.59% | 0.94% |
| Median household income | $56,667 | $81,203 | $80,734 |
| Homes lived in by their owners | 51% | 73% | 65% |
| Owner homes with a mortgage | 46% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,516 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 21.7% | 21.0% |
| Median rent | $1,018 | $1,234 | $1,413 |
| Rent as a share of renters' income | 25.6% | 29.4% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 43.7% | 19.4% | 10.1% |
| Population | 808 | 647,106 | 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 $304,000 with 20% down costs about $2,115 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,621, 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 $90,635 for the 20%-down payment. That payment is 45% of the median Ludlow household income of $56,667; at that income and 20% down, the 28% guideline points to a home of about $190,000.
The median rent here is $1,018 a month, so owning the median home costs about $1,097 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $60,800 |
|---|---|
| Loan amount | $243,200 |
| Principal and interest | $1,636 |
| Property taxes (1.39% a year) | $352 |
| Homeowners insurance (our estimate, 0.5% a year) | $127 |
| PMI | $0 |
| Total per month | $2,115 |
Change the numbers in the calculator
| Down payment | $10,640 |
|---|---|
| Loan amount | $298,494 |
| Principal and interest | $2,008 |
| Property taxes (1.39% a year) | $352 |
| Homeowners insurance (our estimate, 0.5% a year) | $127 |
| FHA mortgage insurance | $134 |
| Total per month | $2,621 |
Change the numbers in the calculator
Questions about home buying in Ludlow
What is the median home value in Ludlow?
About $304,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ludlow?
Homeowners pay a median $4,237 a year, which is about 1.39% of the median home value. Your bill depends on your home's assessed value and local rates.
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 $2,115 a month. Keeping that under 28% of gross income takes about $90,635 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