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Franklin Town, MA

Full City Profile · Massachusetts · Norfolk County County

4.2 /5.0
A Great
33,067 Population 1,241/sq mi density
$142,788 Median Income $63,724 per capita
$567,100 Home Value $527,360 Zillow
$1,856 Median Rent 29.5% income on rent
50°F Avg Temperature 259 sunny days/yr
6 Violent Crime/100K 124 property/100K
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.8 / 5.0
$142,788 median income, 3.6% unemployment
A
Affordability
4.4 / 5.0
$567,100 home value, $1,856/mo rent
C
Safety
2.4 / 5.0
6 violent crimes/100K
A+
Education
5.0 / 5.0
56.4% bachelor's degree or higher

Housing Overview

Median Home Value
$567,100
101% above
US avg: $281,900
Median Rent
$1,856/mo
60% above
US avg: $1,163/mo
Homeownership Rate
78.4%
20% above US avg (65.4%)
Total Housing Units
12,580
Median year built: 1985

Home Value by Source

Census Median
$567,100
Zillow (ZHVI)
$527,360
Median Sale Price
$635,500
Median List Price
$649,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

78.4%
Owner-Occupied
21.6%
Renter-Occupied
78%
22%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,727/mo
1 Bedroom
$1,822/mo
2 Bedroom
$2,300/mo
3 Bedroom
$2,858/mo
4 Bedroom
$3,232/mo
Census median rent: $1,856/mo

Market Indicators (Redfin)

Median Days on Market
35 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
16
Price Drops
13.8%
of listings with price reduction
Price Per Sq Ft
$338
Active Inventory
29
homes for sale

Affordability & Housing Stock

Rent Burden
29.5%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
78.4%

Complete Housing Data

Home Values

Census Median Value$567,100
Zillow Home Value (ZHVI)$527,360
Median Sale Price$635,500
Median List Price$649,900
Price Per Sq Ft$338

Rent

Census Median Rent$1,856
FMR Studio$1,727
FMR 1-Bedroom$1,822
FMR 2-Bedroom$2,300
FMR 3-Bedroom$2,858
FMR 4-Bedroom$3,232

Market

Days on Market35
Sale-to-List Ratio1.0%
Price Drops13.8%
Homes Sold16
Active Inventory29
Price Per Sq Ft$338

Ownership & Stock

Owner-Occupied78.4%
Renter-Occupied21.6%
Homeownership Rate78.4%
Total Housing Units12,580
Median Year Built1985
Rent Burden29.5%