ZIP Code 01364 Housing Market

📝 Local Market Notes

ZIP code 01364 in Franklin County, Massachusetts has experienced a pronounced upward trajectory in home prices over the past five years. The FHFA House Price Index (HPI) rose from 225.0 in 2021 to 322.38 in 2025, reflecting a cumulative increase of roughly 43 % and an average annual gain of about 8.6 %. The most recent year‑over‑year change of +13.77 % markedly outpaces both the county’s +9.60 % and the state’s +3.63 % growth rates, indicating that 01364 is accelerating relative to its broader geographic peers. This divergence suggests that localized factors—such as limited housing supply, heightened demand from in‑migration, or specific amenity-driven attractions—are exerting stronger upward pressure on prices within the ZIP than in the surrounding area. The ZIP’s HPI level of 322.38 (with 2000 = 100) places it well above the county median home value of $329,000 reported in the ACS 5‑Year estimates, implying that the typical property in 01364 is valued at or slightly above the county average despite the higher HPI reading, which is anchored to a national baseline. Given the county’s owner‑occupancy rate of 70.1 % and median gross rent of $1,177 per month, 01364 exhibits a market dominated by owner‑occupied, single‑family units rather than a renter‑heavy segment. The combination of elevated price levels and strong ownership prevalence characterizes the sub‑market as a mid‑to‑upper‑tier, owner‑focused locale rather than an entry‑level or luxury extreme. Prospective buyers should note that prices in 01364 have risen faster than county and state averages, reflecting tighter local conditions, and that the area remains primarily owner‑occupied with rental costs modest relative to home values.

Based on FHFA House Price Index data.