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City · 33,154 residents · Norfolk County, Massachusetts

Franklin Town , Massachusetts

In Franklin Town, a typical home is worth $611,700 and typical rent is $1,899 a month. Compared with all of Norfolk County, typical rent is 12% lower, typical household income is 11% higher, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $611,700

    11% below the county

    9% above Massachusetts

    • Franklin Town
    • Norfolk
    • Massachusetts

  • Typical rent

    $1,899a month

    12% below the county

    8% above Massachusetts

    • Franklin Town
    • Norfolk
    • Massachusetts

  • Typical household income

    $145,773a year

    11% above the county

    40% above Massachusetts

    • Franklin Town
    • Norfolk
    • Massachusetts

  • Households that own their home

    78%

    9 points above the county

    16 points above Massachusetts

    • Franklin Town
    • Norfolk
    • Massachusetts

Source: U.S. Census Bureau, Average 2020–2024

Franklin Town is in Norfolk County. The FHA loan limit ($962,550 for a one-unit home), the fair market rents and the help on this page are those of all of Norfolk County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Franklin Town apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Bellingham, the typical home value is $431,200: 30% less than in Franklin Town ($611,700).

  2. Nearby, in North Attleborough Town, the typical rent is $1,509: 21% less than in Franklin Town ($1,899).

  3. 78% of households in Franklin Town own their home, against 69% in Norfolk County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Franklin Town

What homes there are in Franklin Town, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Franklin Town: 63% of homes, more than in Norfolk County (57%).

Year built

Homes in Franklin Town are newer: the typical year built is 1985; in Norfolk County, 1964.

There is more room for a big family here: 63% of homes have 3 bedrooms or more, against 59% in Norfolk County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,904 a month

Norfolk County: $3,171 a month

Without a mortgage

$1,216 a month

Norfolk County: $1,222 a month

Owners with a mortgage

73%

Norfolk County: 67%

Owning costs less in Franklin Town: with a mortgage, the typical cost is $2,904 a month; in Norfolk County, $3,171. Without one, $1,216.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Franklin Town gained value more slowly than in Norfolk County: 41% since 2015–2019, against 45%.

Rents in Franklin Town rose at about the same pace as in Norfolk County: 38% since 2015–2019, against 35%.

The typical household income in Franklin Town rose 19%: less than home values (+41%) and rent (+38%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFranklin TownNorfolk CountyMassachusettsUnited States
Rental vacancy 12.1%4.0%3.5%5.5%
Homeowner vacancy Unreliable estimate0.4%0.6%0.9%
More than one person per room Unreliable estimate2.0%2.3%3.4%
People per household 2.582.512.442.53
Drive alone 68%57%61%69%
Carpool 4%6%7%9%
Public transit 3%9%7%3%
Walk or bike 2%4%5%3%
Work from home 22%23%19%15%
Other means 2%1%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

In Franklin Town, the rental vacancy rate is 12.1%; in Norfolk County, 4.0%.

Much as in Norfolk County, a household in Franklin Town has 2.58 people on average.

To get to work, 68% of workers in Franklin Town drive alone; in Norfolk County, 57%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Franklin Town?

A typical home costs more than the typical income allows

We start with a typical home in Franklin Town, worth $611,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in Franklin Town, which is $145,773 a year. For that payment to be 28% of income, a household would need to earn about $222,019 a year.

The calculator's FHA and conventional loan limits are those of all of Norfolk County.

Your numbers

Local data
$

Starts at the typical home value in Franklin Town. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $21,410 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,181

at 7.18% · 30 years

Loan amount
$600,620
Total interest
$864,151
Paid off in
November 2056

Includes $10,330 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,401 a month

  • Tight

    $3,401 to $4,373 a month

  • Hard

    more than $4,373 a month

    Your payment · 43%

Compared with the typical household income in Franklin Town ($145,773 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,181
Principal & interest$4,069
Property tax$586
Home insurance$255
FHA mortgage insurance (MIP)$271

You need at least $21,410 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Franklin Town and Norfolk County

Franklin Town is in Norfolk County, Massachusetts. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Franklin Town's own numbers

Typical home value
$611,700
Typical monthly rent
$1,899
Typical yearly household income
$145,773
Households that own their home
78%
Effective property tax rate
1.15%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Norfolk County

FHA limit, one-unit home
$962,550
Conventional limit, one unit
$962,550
HUD fair market rent, 2 bedrooms
$2,409–$3,008
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
2.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Norfolk County.

Everything about Norfolk County

Buying

Buying a home in Franklin Town

A typical home in Franklin Town is worth $611,700: 11% below the county and 9% above Massachusetts. With the typical household income in Franklin Town ($145,773 a year), a typical home costs 4.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Franklin Town 4.2 years
  • Norfolk 5.2 years
  • Massachusetts 5.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Norfolk County

According to FHFA’s house price index, home prices in Norfolk County rose 80% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Norfolk County.

Period County Massachusetts U.S.
Last year (2025) +3.0% +3.7% +2.9%
5 years (2020–2025) +45% +49% +47%
10 years (2015–2025) +80% +87% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Franklin Town next to Norfolk County, Massachusetts and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Franklin Town $611,700
  • Norfolk $683,900
  • Massachusetts $562,100
  • United States $332,700
Typical monthly rent
  • Franklin Town $1,899
  • Norfolk $2,149
  • Massachusetts $1,762
  • United States $1,413
Typical yearly household income
  • Franklin Town $145,773
  • Norfolk $130,739
  • Massachusetts $103,960
  • United States $80,734
See the full table
Franklin Town next to Norfolk County and Massachusetts
Measure Franklin Town Norfolk County Massachusetts U.S.
Typical home value $611,700 $683,900 $562,100 $332,700
Typical monthly rent $1,899 $2,149 $1,762 $1,413
Typical yearly household income $145,773 $130,739 $103,960 $80,734
Households that own their home 78% 69% 63% 65%
Typical yearly property tax $7,044 $7,261 $5,992 $3,119
Effective property tax rate 1.15% 1.06% 1.07% 0.94%
Renters with high rent for their income 48% 51% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Norfolk County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Franklin Town

For a typical $611,700 home in Franklin Town, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Franklin Town's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,180a month

    Least cash to close
    Down payment
    $21,410
    Cash to close
    $39,761
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $271

  • Conventional, 5% down $5,068a month

    Down payment
    $30,585
    Cash to close
    $48,936
    Rate
    7.18%
    Mortgage insurance
    PMI · $291

  • Conventional, 20% down, no PMI $4,156a month

    Down payment
    $122,340
    Cash to close
    $140,691
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,722a month

    Down payment
    $91,755
    Cash to close
    $110,106
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Franklin Town and for Norfolk County.

Property tax

Effective rate in Franklin Town

1.15%of the home’s value each year

$7,044 a year for the typical owner in Franklin Town.

  • Franklin Town 1.15%
  • Norfolk 1.06%
  • Massachusetts 1.07%

What Massachusetts publishes Local senior exemption (clause 41C) (Massachusetts General Court (General Laws))

Exemptions and deadlines in Massachusetts

Flood risk in Norfolk County

FEMA does not publish these numbers by city: they are for all of Norfolk County.

Homes in the high-risk zone
2.2%
4,629
Of those, with NFIP insurance
43%
County Massachusetts U.S.
Homes in the high-risk zone 2.2% 3% 3.5%
Of those, with NFIP insurance 43% 50% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Franklin Town

Typical rent in Franklin Town is $1,899 a month: 12% below the county. In Franklin Town, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for each area of Norfolk County; Franklin Town is in Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. To pay the 2-bedroom one ($3,008 a month) without spending more than 30% of your income, you would need to earn $57.85 an hour working full time.

Fair market rent by size in Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $2,440 $46.92 $97,600
1 bedroom $2,518 $48.42 $100,720
2 bedrooms $3,008 $57.85 $120,320
3 bedrooms $3,584 $68.92 $143,360
4 bedrooms $3,953 $76.02 $158,120

HUD splits this county into 2 areas with different fair market rents: for 2 bedrooms they run from $2,409 to $3,008. The table by area, below, shows which one each town is in.

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Fair market rent by HUD area in Norfolk County

HUD splits this county into 2 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.

HUD area Studio1 bd2 bd3 bd4 bdHourly wage, 2 bd
Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area The area where most people liveFranklin Town is in this area
27 towns in this area

Bellingham town, Braintree Town city, Brookline town, Canton town, Cohasset town, Dedham town, Dover town, Foxborough town, Franklin Town city, Holbrook town, Medfield town, Medway town, Millis town, Milton town, Needham town, Norfolk town, Norwood town, Plainville town, Quincy city, Randolph city, Sharon town, Stoughton town, Walpole town, Wellesley town, Westwood town, Weymouth Town city, Wrentham town

 $2,440$2,518$3,008$3,584$3,953$57.85
Brockton, MA HUD Metro FMR Area
1 town in this area

Avon town

 $1,678$1,842$2,409$3,015$3,166$46.33

HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027 Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

By ZIP code

Fair market rent by ZIP code in Franklin Town

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Franklin Town is in ZIP code 02038.

For 2 bedrooms it is $2,650.

  • 02038 $2,650$3,180

A ZIP code counts for Franklin Town when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Franklin Town

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Norfolk County; none says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Franklin Town

No down payment, repair or rent-help program on our list is for Franklin Town or Norfolk County. The ones below are statewide in Massachusetts: they work in Franklin Town the same as in the rest of the state.

Which programs do I qualify for? All programs in Massachusetts

  • MassHousing Down Payment Assistance

    Statewide in Massachusetts

    Massachusetts state agency second mortgage for the down payment: up to $30,000 at 0% and deferred, or up to $25,000 at 2% or 3% over 15 years, for first-time buyers with eligible income. Offered by MassHousing.

    DeferredRepayable

    See the program Official page

Housing counselors near Franklin Town

The HUD-approved agencies closest to the center of Franklin Town, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Nid-Hca Phipps

    1539 Blue Hill Ave, Boston · 21 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (617) 296-3693

  • American Consumer Credit Counseling

    130 Rumford Ave Ste 202, Auburndale · 21 miles away

    • Reverse mortgage counseling
    (800) 769-3571

  • Ecumenical Social Action Committee, Inc.

    434 Jamaicaway, Jamaica Plain · 22 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Budget and financial counseling
    617-524-2555-108

Every agency in Norfolk County All counseling agencies in Massachusetts

Help in Spanish near Franklin Town

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Franklin Town

In HUD’s record, no housing authority with an office in Norfolk County is named for Franklin Town or Norfolk County.

14 other authorities have an office in Norfolk County: see the list Source: HUD

Cities

Other cities in Norfolk County

These cities are also in Norfolk County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Norfolk County Housing in Massachusetts
See 4 more cities in Norfolk County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Franklin Town, with the typical home value.

Neighboring counties

If Norfolk County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Franklin Town.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Franklin Town

Short answers with the numbers for Franklin Town and all of Norfolk County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Franklin Town?

The typical home value in Franklin Town is $611,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Norfolk County it is $683,900.

How much does it cost to rent in Franklin Town?

Typical rent in Franklin Town is $1,899 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Norfolk County is $2,409–$3,008.

What is the FHA loan limit in Franklin Town?

Franklin Town uses the FHA limit for all of Norfolk County (2026): $962,550 for a one-unit home and $1,851,100 for a four-unit home.

How much property tax do owners pay in Franklin Town?

The typical homeowner in Franklin Town pays $7,044 a year, according to the U.S. Census Bureau. That is 1.15% of the home’s value; in Norfolk County, the rate is 1.06%.

Where can I find free help to buy or rent in Franklin Town?

There are 2 HUD-approved counseling agencies with an office in Norfolk County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).