Franklin, MA Real Estate

According to census data in the year 2000 there were 10,327 housing units in Franklin. This represents a 186.5% growth from 3,604 in 1990.

Of those housing units, 9,781 were located in either urbanized areas or urban clusters, and 546 were located in what is classified as a rural area.

Homeownership rate in Franklin is about 81.4%. Franklin's vacancy rate, including seasonal lodging, is about 1.7%. Average household size is 2.85 people.

The majority of houses, apartments or condos in Franklin were built after 1975.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom8.20%
Two Bedrooms20.50%
Three Bedrooms37%
Four Bedrooms29.80%
Five Bedrooms or more3.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.06
Median year structure was built1981
Median Value of occupied units$227,100
Median Price asked for vacant units$191,300

Rented Homes, Apartments and Condos

Average Household Size1.95
Median year structure was built1961
Median Monthly Rent asked for vacant units$585

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage7.40%
Home Equity Loan13.80%
Simple Mortgage64.30%
Debt Free14.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.9%