Franklin, MA


Highest Appreciating Franklin Neighborhoods Since 2000

Franklin, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Franklin Housing Market Information

With a population of 33,147, 11,115 total housing units (homes and apartments), and a median house value of $461,355, real estate costs in Franklin are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Franklin, accounting for 68.19% of the city's housing units. Other types of housing that are prevalent in Franklin include large apartment complexes or high rise apartments ( 15.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.69%), and a few row houses and other attached homes ( 6.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Franklin. Owner-occupied housing accounts for 77.42% of Franklin's homes, and 64.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Franklin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Franklin built between 1940-1969 ( 20.58%). A lesser amount of the housing stock also hails from before 1939 ( 12.98%). There's also some housing in Franklin built between 2000 and later ( 12.62%).

Franklin Home Appreciation Rates

Appreciation rates for homes in Franklin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.05%, which ranks in the top 50% nationwide. This equates to an annual average Franklin house appreciation rate of 0.10%.

NeighborhoodScout's data show that during the latest twelve months, Franklin's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Franklin's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Franklin's latest annual appreciation rate is higher than 50% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Franklin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Franklin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Franklin real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,137,000 0.5
$853,001 - $1,137,000 2.3
$569,001 - $853,000 24.0
$455,001 - $569,000 20.8
$341,001 - $455,000 25.7
$227,001 - $341,000 19.1
$114,001 - $227,000 5.9
$57,001 - $114,000 0.5
$0 - $57,000 1.2

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
7.03152466893238 28.8461538461538

Number Of Homes And Apartments:

Franklin Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
50.94% 2.42% 6 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,484 / per month

Homeownership Rate

Owners 77.42
Renters 22.58
Vacant 2.75

Housing Market Details


Age of Homes

2000 or Newer 12.6
1970 - 1999 53.8
1940 - 1969 20.6
1939 or Older 13.0

Types of Homes

Single-Family 68.2
Townhomes 6.1
Small Apt. Buildings 9.7
Apt. Complexes 15.8
Mobile Homes 0.0
Other 0.2

Home Size

No Bedroom 1.85
1 Bedroom 8.01
2 Bedrooms 21.53
3 Bedrooms 33.00
4 Bedrooms 31.00
5 or more bedrooms 4.59