Home/Massachusetts/Franklin County

Franklin County Housing Market

Massachusetts · 14 counties · Ranked #2662 in home value

Above National Avg

Housing at a Glance

Median Home Value

$303,400

vs national+$303,400 vs $281,900 national

Median Gross Rent

$1,169/mo

vs national+$1,169 vs $1,163 national

Effective Tax Rate

1.51%

vs national+1.51% vs 1.02% national

Median Household Income

$72,584

vs national$72,584 vs $74,755 national

Affordability Ratio

4.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

33.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$4,595

Tax as % of Home Value

1.51%

Monthly Owner Cost

$1,349

Renter Income

$39,290

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$689+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Franklin County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Franklin County?

The median home value in Franklin County is $303,400. This is above the national median of $281,900.

How much is rent in Franklin County?

The median gross rent in Franklin County is $1,169 per month.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 1.51%. The median annual property tax bill is $4,595.

Is Franklin County affordable?

With a home-value-to-income ratio of 4.2x, Franklin County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.