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Framingham, MA Real Estate


According to census data in the year 2000 there were 26,734 housing units in Framingham. This represents a 1.2% growth from 26,404 in 1990.

Of those housing units, 26,347 were located in either urbanized areas or urban clusters, and 387 were located in what is classified as a rural area.

Homeownership rate in Framingham is about 55.5%. Framingham's vacancy rate, including seasonal lodging, is about 2.2%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Framingham were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type4.40%
One Bedroom19.20%
Two Bedrooms24.20%
Three Bedrooms32.20%
Four Bedrooms17.20%
Five Bedrooms or more2.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1959
Median Value of occupied units$216,700
Median Price asked for vacant units$241,700

Rented Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1964
Median Monthly Rent asked for vacant units$753

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.40%
Home Equity Loan9.80%
Simple Mortgage58.40%
Debt Free26.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%