Franklin County, Massachusetts Housing Market
In Franklin County, Massachusetts, the median home value is $329,000, with a median monthly rent of $1,177. This places Franklin County at #496 nationally out of 3134 counties by median home value, and #12 within Massachusetts.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,068
- Establishments: 2,386
- BLS QCEW, 2025
Housing Supply
- Single-family: 58
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 32,344 (avg $79,908)
- Outflow: 31,032 (avg $80,132)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Franklin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 01375 | 269.3 | — | 2025 |
| 2 | 01360 | 243.9 | +1.10% | 2025 |
| 3 | 01364 | 322.4 | +13.77% | 2025 |
| 4 | 01376 | 292.9 | +0.31% | 2025 |
| 5 | 01337 | 296.7 | +13.24% | 2025 |
| 6 | 01301 | 288.8 | +10.31% | 2025 |
| 7 | 01373 | 246.9 | +7.54% | 2025 |
| 8 | 01331 | 291.4 | +4.30% | 2025 |
| 9 | 01002 | 275.4 | +3.83% | 2025 |
| 10 | 01072 | 171.6 | +10.14% | 2021 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Franklin County Compares
| Metric | Franklin County | Massachusetts Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $329,000 | $634,257 | $227,706 |
| Median Gross Rent | $1,177 | $1,615 | $968 |
| Owner Occupancy Rate | 70.1% | 67.2% | 73.3% |
| Price/Rent Ratio | 23.3 | 32.3 | 18.7 |
Market Analysis
The median home value in Franklin County is 48.1% below the Massachusetts state average and 44.5% above the U.S. national average. The median rent of $1,177/month is 27.1% below the state average.
With a price-to-rent ratio of 23.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Franklin County has an owner-occupancy rate of 70.1%, compared to 67.2% in Massachusetts and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Charlotte County | Florida | $328,900 | $1,464 |
| Dorchester County | South Carolina | $329,300 | $1,463 |
| Chambers County | Texas | $329,500 | $1,609 |
| Santa Rosa County | Florida | $329,800 | $1,544 |
| Churchill County | Nevada | $329,900 | $1,319 |
Other Counties in Massachusetts
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Berkshire County | $305,400 | $1,097 | 69.9% |
| Hampden County | $298,800 | $1,136 | 62.2% |
| Hampshire County | $390,300 | $1,388 | 67.8% |
| Worcester County | $423,700 | $1,426 | 65.8% |
| Bristol County | $451,200 | $1,245 | 62.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).