Franklin County, Massachusetts Housing Market Prices
Franklin County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 33% below the Massachusetts median Among the top 3 cheapest counties in Massachusetts$330,403
-
Median rent 33% below the Massachusetts median Among the top 3 cheapest counties in Massachusetts$1,176
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $330,403 | $494,523 | $248,835 |
| Price Trend (Annual %) | 11.5% | 6.6% | 7.5% |
| Median Gross Rent | $1,176 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 33% lower than in Massachusetts. Rent is about 33% lower than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Franklin County, up about 11.5% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 38.3% between 2015 and 2024, from $850 to $1,176. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 23.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Franklin County. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Franklin County | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $330,403 | $494,523 | $248,835 |
| Median Household Income | $74,921 | $104,336 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 123.7%, while median household income rose about 36.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Franklin County | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.1% | 57.5% | 58.5% |
| Rental Rate | 27.3% | 34.4% | 31.2% |
| Vacancy Rate | 8.6% | 8.1% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Franklin County has a homeownership rate of 64.1%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 8.6%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Franklin County | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1963 | 1963 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Franklin County was built around 1963. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Franklin County, MA Housing Compared With Nearby Counties
Franklin County, MA is the 5th largest of the 6 counties compared here, 70,937 residents against a local median of 129,358. Where Franklin County, MA breaks from the counties next to it is median home price, sitting 44% above the local median of $229,767 at $330,403.
The counties themselves spread $224,252 on median home price, so Franklin County, MA sits at one end of an already wide local range rather than apart from it. Franklin County, MA has the 3rd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, MA | 70,937 | $330,403 #3/6 | $1,176 #3/6 | 70.1% #3/6 |
| Hampshire County, MA | 161,946 | $415,384 | $1,387 | 67.8% |
| Windham County, VT | 45,878 | $191,132 | $1,056 | 74.0% |
| Hampden County, MA | 462,481 | $229,767 | $1,135 | 62.2% |
| Cheshire County, NH | 77,281 | $208,297 | $1,276 | 72.7% |
| Berkshire County, MA | 129,358 | $337,519 | $1,096 | 69.9% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Massachusetts.
What is the median home price in Franklin County, Massachusetts?
The median home price in Franklin County, Massachusetts is $330,403, lower than the Massachusetts average of $494,523.
What is the average home price in Franklin County, Massachusetts?
The typical home price in Franklin County, Massachusetts, reported as the median sale price, is $330,403. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Franklin County, Massachusetts?
The median gross rent in Franklin County, Massachusetts is $1,176 per month, lower than the Massachusetts average of $1,761.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Massachusetts was $958 per month.
What is the price-to-rent ratio in Franklin County, Massachusetts?
The price-to-rent ratio in Franklin County, Massachusetts is about 23.4, meaning it would take roughly 23.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Franklin County.
Are home prices or rent rising faster in Franklin County, Massachusetts?
Both home prices and rent are rising in Franklin County, up about 11.5% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Massachusetts?
64.1% of households in Franklin County, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Franklin County, Massachusetts?
The housing vacancy rate in Franklin County, Massachusetts is 8.6%, higher than the Massachusetts average of 8.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →