Most Expensive Franklin Neighborhoods
Franklin is a medium-sized city located in the state of Massachusetts. With a population of 32,836 people and five constituent neighborhoods, Franklin is the 51st largest community in Massachusetts.
Housing costs in Franklin are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.
Franklin is a decidedly white-collar city, with fully 88.83% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin is a city of professionals, sales and office workers and managers. There are especially a lot of people living in Franklin who work in management occupations (14.95%), office and administrative support (12.88%) and sales jobs (11.34%).
Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US.
Franklin is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Franklin’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Franklin, however, the average commute to work is quite long. On average, people spend 32.42 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
Like elsewhere in America, most people in Franklin use a private automobile to get to work. But notably, a substantial number of Franklin‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.
If knowledge is power, Franklin is a pretty powerful place. 51.48% of the adults in Franklin have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Franklin in 2010 was $42,444, which is upper middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $169,776 for a family of four.
The people who call Franklin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin residents report their race to be White, followed by Asian. Important ancestries of people in Franklin include Irish, Italian, English, German, French and Polish.
The most common language spoken in Franklin is English.
|NUMBER OF HOMES AND APARTMENTS||10,992|
|FRANKLIN HOME OWNERSHIP|
|% OWNER OCCUPIED||76.79%|
|% RENTER OCCUPIED||23.21%|
|TYPE OF FRANKLIN HOMES|
|SINGLE FAMILY DETACHED||68.26%|
|ROWHOUSES AND ATTACHED HOMES||6.03%|
|SMALL APARTMENT BUILDINGS||8.85%|
|COMPLEXES OR HIGH RISE APARTMENTS||16.61%|
|SIZE OF FRANKLIN HOMES|
|5 OR MORE BEDROOMS||4.98%|
|AGE OF FRANKLIN HOMES|
|NEWER HOMES (2000 OR LATER)||12.54%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||53.36%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||20.55%|
|HISTORIC (1939 OR BEFORE)||13.55%|
|FRANKLIN REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$440,309|
|MEDIAN RENTAL PRICE||$1,401|
|HOME VALUE RANGE|
|$0 - $58,000||1.42%|
|$58,001 - $116,000||0.54%|
|$116,001 - $231,000||6.11%|
|$231,001 - $347,000||18.93%|
|$347,001 - $462,000||28.17%|
|$462,001 - $578,000||19.09%|
|$578,001 - $867,000||23.54%|
|$867,001 - $1,156,000||1.74%|
|PEOPLE OF FRANKLIN||DETAILS|
|UNDER 5 YEARS||5.59%|
|5 TO 17||21.39%|
|18 TO 24||9.82%|
|25 TO 34||8.77%|
|35 TO 54||31.36%|
|55 TO 64||11.68%|
|65 YEARS AND OVER||11.38%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||95.85%|
|MEDIAN HOUSEHOLD INCOME||$101,980|
|PER CAPITA INCOME||$42,444|
|INDIVIDUALS BELOW POVERTY LEVEL||3.77%|
|INDUSTRIES PEOPLE WORK IN||Retail (13.35%)
Professional, scientific, and technical services (11.95%)
Public Service (4.58%)
Information Technology (2.34%)
Real estate (2.14%)
|BLACK OR AFRICAN AMERICAN||0.90%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.08%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.36%|
|TWO OR MORE RACES||1.50%|
|HISPANIC OR LATINO (OF ANY RACE)||3.08%|
|ETHNICITIES PRESENT||Irish (31.94%)
French Canadian (3.84%)
|LANGUAGES SPOKEN||English (90.60%)
Other Asian languages (1.08%)
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