Franklin, Massachusetts.
Typical home $703,468 (+3.0% in a year), asking rent $2,534 (+2.9%). Boston-Cambridge-Newton, MA-NH metro.
to buy the typical home at today's mortgage rate — +$2,000 (+118%) since Jan 2020.
- 1 year
- Up $20,472 +3%
- $682,996$703,468 since Sep 2025
- 5 years
- Up $147,999 +27%
- $555,469$703,468 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Franklin$3,692
- Massachusetts$3,439
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Franklin, MA rose 3.0% over the past year — faster than the nation's +1.2%.
Asking rents in Franklin, MA rose 2.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Franklin runs $2,534/mo more than renting one. The gap peaked at $2,555 in Apr 2024.
That is $5,068 a month against $2,534 rent: a $3,692 mortgage payment, plus $622 property tax and $753 insurance & upkeep.
Owning vs renting — Franklin
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$5,068
- Renting$2,534
- Mortgage only$3,692
Property tax · $622/mo 1.06% of value a year — the ACS 2020-2024 median bill over the median home value for Norfolk County, MA
Insurance & upkeep · $753/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Franklin, Norfolk County, Massachusetts
The Census does not count Franklin on its own, so the figures here are Norfolk County's. Half the county's households earn more than $130,739 a year and half less; 7% of the county's people live below the poverty line. 69% of the county's homes are lived in by their owners and 31% are rented. Unemployment in Norfolk County was 4.0% in August 2026, and the county had 0.6% more jobs in 2025 than the year before. The most people in Norfolk County work in schools and health care, then professional services.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Franklin is a town in Norfolk County, in eastern Massachusetts, and across the county most homes are lived in by their owners. Many adults there hold a degree. Winters are cold and snowy, summers are warm, and rain and melted snow fall steadily through the year.
Work. Unemployment across Norfolk County has eased over the past year, and the number of jobs has edged up. Many residents work in schools, hospitals and social care, in professional and business services, in banks, insurance and property, or in shops.
Things to do. Gillette Stadium, a stadium a short drive away, is one of the best known sports venues nearby. The Charles River, a river a short drive away, runs through the area and makes a pleasant place to walk. The Museum of Fine Arts Boston, a museum a longer drive away, is a major art museum in the city.
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- 283,368households
- 40.9median age
- 59%of adults have a degree
- 7%below the poverty line
- 32 mintypical commute
- 23%work from home
What people in Norfolk County work in
Employed residents by industry, from the Census survey. Norfolk County had 348,528 jobs in 2025, 0.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 17°; warmest in July, with highs near 84° and lows near 61°. About 52 inches of snow and 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the West Medway weather station, 3 miles away (NOAA).
Largest workplaces in Norfolk County
- Moderna Tx- NorwoodVirus vaccines manufacturing2,067
- SharkNinja1,308
- Brookline SchoolsSchool district1,265FTE
- Quincy SchoolsSchool district1,258FTE
- Siemens Healthcare DiagnosticsMedical diagnostics1,158
- Wellesley CollegeUniversity or college1,154
- Eversource - WestwoodDistribution of electric power1,083
- Stop & Shop Corporate OfficeBusiness services1,018
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 591 workplaces with 20 or more staff, 74,880 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- Ice stormsRelatively high
- LightningRelatively high
- Coastal floodingRelatively high
- HurricanesRelatively moderate
- EarthquakesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Norfolk County, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Norfolk County and the Boston-Cambridge-Newton, MA-NH metro.
Franklin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Franklin$703,468
- Massachusetts$655,219
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Franklin listings, and the typical home goes pending in 12 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Franklin20.90%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Franklin12
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Franklin69
New listings per month
Sellers arriving at the market.
- Franklin35
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Franklin$672,418
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Franklin104.81%
Zip codes with a Franklin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Franklin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.