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Franklin, MA Housing

 
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As of 2005-2009, median price of a house in Franklin is $398,400, which is higher than the state average of $329,900 and is much higher than the national average of $175,700. The Franklin median house value has grown by 75.43% since 2000. The growth rate for the price of a house in Franklin is lower than the state average rate of 77.65% and is higher than the national average rate of 46.91%. The median year that a house in Franklin was built is 1980, which is newer than the median year for a house built in the state which is 1957 and is newer than the median year for a house built in the USA which is 1974.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 9,010 Owner Occupied Houses in Franklin, MA, see rank
Franklin, MA
398,400 USD
Massachusetts
357,600 USD
U.S.
185,400 USD
Median House Price Growth Since 2000, see rank
Franklin, MA
75.43%
Massachusetts
77.65%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2005-2009 data. View historical house value data.

Housing Occupancy

 Franklin, MAMassachusettsU.S.
Total Housing Units11,198, see rank, 100%2,727,374127,699,712
Occupied Housing Units10,924, 97.55%, see rank90.40%88.18%
Owner Occupied9,010, 80.46%, see rank58.73%58.98%
Renter Occupied1,914, 17.09%, see rank31.67%29.20%
Vacant Housing Units274, 2.45%, see rank9.60%11.82%
For Rent226, 2.02%, see rank1.93%2.52%
For Sale Only26, 0.23%, see rank0.82%1.39%
Rented or Sold, Not Occupied0, 0.00%, see rank0.75%0.99%
For Seasonal, Recreational, or Occasional Use0, 0.00%, see rank3.82%3.45%
For Migrant Workers0, 0.00%, see rank0.00%0.03%
Other Vacant22, 0.20%, see rank2.27%3.44%

*Based on 2005-2009 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, see rank
Franklin, MAMassachusettsU.S.
198019571974

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2005-2009 data. View historical year structure built data.

Mortgage Status

 Franklin, MA%MassachusettsU.S.
Owner-Occupied Units9,010100%1,601,78075,320,422
With a Mortgage7,36281.71%, see rank72.30%68.07%
Without a Mortgage1,64818.29%, see rank27.70%31.93%

*Based on 2005-2009 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Franklin, MA
2,263 USD
Massachusetts
2,053 USD
U.S.
1,486 USD

Owner Costs Distribution
Monthly Owner CostsFranklin, MA%MassachusettsU.S.
$299 or Less00.00%, see rank0.14%0.25%
$300 to $499470.64%, see rank0.67%2.04%
$500 to $699590.80%, see rank1.57%5.81%
$700 to $9993344.54%, see rank5.15%15.11%
$1,000 to $1,4991,04614.21%, see rank17.56%27.52%
$1,500 to $1,9991,30917.78%, see rank22.82%19.69%
$2,000 to $2,9993,29144.70%, see rank33.35%18.64%
$3,000 or More1,27617.33%, see rank18.74%10.94%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Franklin, MA
25.40% of the Total Income
Massachusetts
26.50% of the Total Income
U.S.
24.80% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Franklin, MA%MassachusettsU.S.
10% or Less3324.51%, see rank4.34%4.96%
10% to 20%1,94026.35%, see rank25.22%29.32%
20% to 30%2,40232.63%, see rank29.86%28.59%
30% to 40%1,56421.24%, see rank16.87%15.19%
40% or More1,09314.85%, see rank23.39%21.54%

*Based on 2005-2009 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Franklin, MA
675 USD
Massachusetts
651 USD
U.S.
419 USD

Owner Costs Distribution
Monthly Owner CostsFranklin, MA%MassachusettsU.S.
$199 or Less00.00%, see rank1.07%9.53%
$200 to $29900.00%, see rank2.83%17.52%
$300 to $49929117.66%, see rank21.01%35.99%
$500 to $69960436.65%, see rank32.75%19.44%
$700 or More75345.69%, see rank42.35%17.51%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Franklin, MA
14.60% of the Total Income
Massachusetts
15.40% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Franklin, MA%MassachusettsU.S.
10% or Less49830.22%, see rank28.90%38.97%
10% to 20%57034.59%, see rank32.75%31.92%
20% to 30%29317.78%, see rank15.35%12.69%
30% to 40%442.67%, see rank8.14%5.92%
40% or More22713.77%, see rank14.00%9.52%

*Based on 2005-2009 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Franklin, MAMassachusettsU.S.
Total Housing Units11,198, 100%2,727,374127,699,712
1-unit, Detached7,439, 66.43%, see rank52.98%61.57%
1-unit, Attached890, 7.95%, see rank4.72%5.70%
2 Units744, 6.64%, see rank10.74%3.94%
3 or 4 Units358, 3.20%, see rank10.78%4.51%
5 to 9 Units602, 5.38%, see rank6.10%4.87%
10 or More Units1,165, 10.40%, see rank13.80%12.58%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.88%6.85%

*Based on 2005-2009 data. View historical units in structure data.

Rooms

 Franklin, MAMassachusettsU.S.
Total Housing Units11,198, 100%2,727,374127,699,712
1 Room27, 0.24%, see rank1.69%1.39%
2 Rooms145, 1.29%, see rank3.55%2.78%
3 Rooms690, 6.16%, see rank9.80%9.07%
4 Rooms1,510, 13.48%, see rank15.45%17.03%
5 Rooms1,252, 11.18%, see rank18.57%21.24%
6 Rooms1,670, 14.91%, see rank18.17%18.70%
7 Rooms1,687, 15.07%, see rank12.58%12.36%
8 Rooms2,231, 19.92%, see rank9.26%8.26%
9 Rooms or More1,986, 17.74%, see rank10.93%9.16%
Median Rooms6.70, see rank5.605.40

*Based on 2005-2009 data. View historical rooms data.

Bedrooms

 Franklin, MAMassachusettsU.S.
Total Housing Units11,198, 100%2,727,374127,699,712
No Bedroom52, 0.46%, see rank1.91%1.66%
1 Bedroom845, 7.55%, see rank14.35%11.48%
2 Bedrooms2,522, 22.52%, see rank28.04%27.48%
3 Bedrooms3,908, 34.90%, see rank35.19%39.79%
4 Bedrooms3,470, 30.99%, see rank15.85%15.64%
5 or More Bedrooms401, 3.58%, see rank4.66%3.94%

*Based on 2005-2009 data. View historical bedrooms data.

House Heating Fuel

 Franklin, MAMassachusettsU.S.
Total Housing Units10,924, 100%2,465,654112,611,029
Utility Gas6,268, 57.38%, see rank46.92%50.14%
Bottled, Tank, or LP Gas147, 1.35%, see rank2.56%5.58%
Electricity1,252, 11.46%, see rank12.99%33.56%
Fuel Oil, Kerosene, etc.3,131, 28.66%, see rank35.57%7.38%
Coal or Coke0, 0.00%, see rank0.10%0.12%
Wood75, 0.69%, see rank1.16%1.89%
Solar Energy0, 0.00%, see rank0.02%0.03%
Other Fuel51, 0.47%, see rank0.44%0.42%
No Fuel Used0, 0.00%, see rank0.23%0.88%

*Based on 2005-2009 data. View historical house heating fuel data.

Gross Rent

Monthly RentalFranklin, MAMassachusettsU.S.
Occupied Units Paying Rent1,876, 100%831,93235,101,833
$199 or Less39, 2.08%, see rank2.83%2.52%
$200 to $29925, 1.33%, see rank6.66%3.53%
$300 to $499140, 7.46%, see rank8.40%10.66%
$500 to $69975, 4.00%, see rank10.15%20.44%
$700 to $999356, 18.98%, see rank23.08%29.94%
$1,000 to $1,499932, 49.68%, see rank30.66%22.31%
$1,500 to $1,999192, 10.23%, see rank12.50%6.90%
$2,000 or More117, 6.24%, see rank5.73%3.71%
Median$1,147, see rank$987$817

*Based on 2005-2009 data. View historical gross rent data.

Vehicle Available

 Franklin, MAMassachusettsU.S.
Occupied Housing Units10,924, 100%2,465,654112,611,029
No Vehicles Available422, 3.86%, see rank11.73%8.80%
1 Vehicles Available2,824, 25.85%, see rank35.63%33.21%
2 Vehicles Available5,386, 49.30%, see rank37.32%37.98%
3 or More Vehicles Available2,292, 20.98%, see rank15.33%20.01%

*Based on 2005-2009 data. View historical vehicle available data.


 
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