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City · 17,664 residents · Franklin County, Massachusetts

Greenfield , Massachusetts

In Greenfield, a typical home is worth $263,100 and typical rent is $1,107 a month. Compared with all of Franklin County, typical household income is 26% lower, the typical home value is 20% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $263,100

    20% below the county

    53% below Massachusetts

    • Greenfield
    • Franklin
    • Massachusetts

  • Typical rent

    $1,107a month

    6% below the county

    37% below Massachusetts

    • Greenfield
    • Franklin
    • Massachusetts

  • Typical household income

    $55,614a year

    26% below the county

    47% below Massachusetts

    • Greenfield
    • Franklin
    • Massachusetts

  • Households that own their home

    56%

    14 points below the county

    7 points below Massachusetts

    • Greenfield
    • Franklin
    • Massachusetts

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

Market now, with Zillow data

Zillow data
Typical home value
$333,099
about the same as 12 months ago
Typical rent
$2,089 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Greenfield is in Franklin County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Franklin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Greenfield apart

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

  1. Greenfield has the 6th lowest typical household income of the 123 cities in Massachusetts with more than 5,000 people ($55,614).

  2. Greenfield has the 7th lowest typical home value of the 123 cities in Massachusetts with more than 5,000 people ($263,100).

  3. Nearby, in Adams, the typical home value is $197,400: 25% less than in Greenfield ($263,100).

  4. 56% of households in Greenfield own their home, against 70% in Franklin County.

  5. Greenfield has the 8th lowest typical rent of the 121 cities in Massachusetts with more than 5,000 people ($1,107).

  6. Nearby, in Adams, the typical rent is $927: 16% less than in Greenfield ($1,107).

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

The homes here

Housing in Greenfield

What homes there are in Greenfield, 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

Homes in Greenfield are varied: detached houses are the largest group, at 50%, against 66% in Franklin County.

Year built

Homes in Greenfield are older: the typical year built is 1947; in Franklin County, 1962.

There are fewer big homes in Greenfield than in Franklin County: 45% have 3 bedrooms or more, against 56%.

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

By price, most homes in Greenfield sit under the FHA limit for Franklin County ($541,287): about 94%.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Franklin County is $1,882; about 92% of rents in Greenfield are below it.

With a mortgage

$1,717 a month

Franklin County: $1,909 a month

Without a mortgage

$781 a month

Franklin County: $802 a month

Owners with a mortgage

63%

Franklin County: 59%

Owning costs less in Greenfield: with a mortgage, the typical cost is $1,717 a month; in Franklin County, $1,909. Without one, $781.

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

The boundaries of Greenfield changed since 2015–2019, so the Census does not compare its figures from then and now. In Franklin County, the typical home value rose 42%.

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

MeasureGreenfieldFranklin CountyMassachusettsUnited States
Rental vacancy Unreliable estimateUnreliable estimate3.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate1.7%2.3%3.4%
People per household 2.072.202.442.53
Drive alone 70%70%61%69%
Carpool 10%9%7%9%
Public transit Unreliable estimate1%7%3%
Walk or bike 7%4%5%3%
Work from home 12%15%19%15%
Other means Unreliable estimate1%2%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Households in Greenfield are smaller: 2.07 people on average; in Franklin County, 2.20.

To get to work, 70% of workers in Greenfield drive alone; in Franklin County, 70%.

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 Greenfield?

A typical home costs more than the typical income allows

We start with a typical home in Greenfield, worth $263,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 51% of the typical household income in Greenfield, which is $55,614 a year. For that payment to be 28% of income, a household would need to earn about $101,695 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Greenfield. 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 $9,209 (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

$2,373

at 7.18% · 30 years

Loan amount
$258,334
Total interest
$371,682
Paid off in
November 2056

Includes $4,443 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,298 a month

  • Tight

    $1,298 to $1,668 a month

  • Hard

    more than $1,668 a month

    Your payment · 51%

Compared with the typical household income in Greenfield ($55,614 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,373
Principal & interest$1,750
Property tax$397
Home insurance$110
FHA mortgage insurance (MIP)$116

You need at least $9,209 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

Greenfield and Franklin County

Greenfield is in Franklin 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).

Greenfield's own numbers

Typical home value
$263,100
Typical monthly rent
$1,107
Typical yearly household income
$55,614
Households that own their home
56%
Effective property tax rate
1.81%

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

Numbers for all of Franklin County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,882
Price change over 5 years (FHFA)
+60%

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 Franklin County.

Everything about Franklin County

Buying

Buying a home in Greenfield

A typical home in Greenfield is worth $263,100: 20% below the county and 53% below Massachusetts. With the typical household income in Greenfield ($55,614 a year), a typical home costs 4.7 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.

  • Greenfield 4.7 years
  • Franklin 4.4 years
  • Massachusetts 5.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Franklin County

According to FHFA’s house price index, home prices in Franklin County rose 91% in the 10 years through 2025.

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

Period County Massachusetts U.S.
Last year (2025) +9.6% +3.7% +2.9%
5 years (2020–2025) +60% +49% +47%
10 years (2015–2025) +91% +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

Greenfield next to Franklin 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
  • Greenfield $263,100
  • Franklin $329,000
  • Massachusetts $562,100
  • United States $332,700
Typical monthly rent
  • Greenfield $1,107
  • Franklin $1,177
  • Massachusetts $1,762
  • United States $1,413
Typical yearly household income
  • Greenfield $55,614
  • Franklin $74,907
  • Massachusetts $103,960
  • United States $80,734
See the full table
Greenfield next to Franklin County and Massachusetts
Measure Greenfield Franklin County Massachusetts U.S.
Typical home value $263,100 $329,000 $562,100 $332,700
Typical monthly rent $1,107 $1,177 $1,762 $1,413
Typical yearly household income $55,614 $74,907 $103,960 $80,734
Households that own their home 56% 70% 63% 65%
Typical yearly property tax $4,769 $4,720 $5,992 $3,119
Effective property tax rate 1.81% 1.43% 1.07% 0.94%
Renters with high rent for their income 63% 57% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Franklin 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 Greenfield

For a typical $263,100 home in Greenfield, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Greenfield's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,373a month

    Least cash to close
    Down payment
    $9,209
    Cash to close
    $17,102
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $116

  • Conventional, 5% down $2,325a month

    Down payment
    $13,155
    Cash to close
    $21,048
    Rate
    7.18%
    Mortgage insurance
    PMI · $125

  • Conventional, 20% down, no PMI $1,932a month

    Down payment
    $52,620
    Cash to close
    $60,513
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,176a month

    Down payment
    $39,465
    Cash to close
    $47,358
    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 Greenfield and for Franklin County.

Property tax

Effective rate in Greenfield

1.81%of the home’s value each year

$4,769 a year for the typical owner in Greenfield.

  • Greenfield 1.81%
  • Franklin 1.43%
  • Massachusetts 1.07%

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

Exemptions and deadlines in Massachusetts

Flood risk in Franklin County

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

FEMA’s maps count no homes in the high-risk zone in Franklin County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Greenfield

Typical rent in Greenfield is $1,107 a month: 6% below the county. In Greenfield, 63% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Franklin County, by unit size. To pay the 2-bedroom one ($1,882 a month) without spending more than 30% of your income, you would need to earn $36.19 an hour working full time.

HUD fair market rent for all of Franklin County

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 $1,311 $25.21 $52,440
1 bedroom $1,439 $27.67 $57,560
2 bedrooms $1,882 $36.19 $75,280
3 bedrooms $2,242 $43.12 $89,680
4 bedrooms $2,473 $47.56 $98,920

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

By ZIP code

Fair market rent by ZIP code in Greenfield

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Greenfield is in ZIP code 01301.

For 2 bedrooms it is $1,840: $42 less than the fair market rent for Franklin County ($1,882).

  • 01301 $1,840$2,190

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Greenfield 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?

Low-income apartments

Low-income apartments in Greenfield

HUD lists 10 buildings with rents for lower incomes in Greenfield. These are the largest.

  • New Leyden Woods 2 Iris Ct, Greenfield 200 low-income homes · 1 bd: 66 · 2 bd: 66 · 3 bd: 68 · In service since 2017 · For families
  • Leyden Woods Apartments 26 Heather Ct, Greenfield 01301 200 homes, 181 low-income · For families
  • Leyden Woods 24 Leyden Woods Ln, Greenfield 200 homes, 164 low-income · 1 bd: 65 · 2 bd: 66 · 3 bd: 69 · In service since 1997
  • Greenfield Gardens 2 Riverside Dr, Greenfield 01301 202 homes, 120 low-income · For families
  • Weldon, the 54 High St, Greenfield 01301 105 low-income homes · For older adults

See all 15 buildings in Franklin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Greenfield

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 is 1 HUD-approved agency with an office in Franklin County; none says it serves in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Greenfield

No down payment, repair or rent-help program on our list is for Greenfield or Franklin County. The ones below are statewide in Massachusetts: they work in Greenfield 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 Greenfield

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

  • Franklin County Regional Housing and Redevelopment Authority

    241 Millers Falls Rd, Turners Falls · 4 miles away

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 5 more
    (413) 863-9781

  • Valley Community Development Corporation

    256 Pleasant St Ste A, Northampton · 21 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    413-586-5855x180

  • Holyoke Housing Authority

    475 Maple St, Holyoke · 29 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (413) 539-2202

Every agency in Franklin County All counseling agencies in Massachusetts

Help in Spanish near Greenfield

1 of the 3 agencies on this list says it serves 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 Greenfield

HUD’s record names them for Greenfield or Franklin County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Greenfield Housing Authority Section 8 vouchers (413) 774-2932
  • Franklin County Regional Housing Authority Section 8 vouchers (413) 863-9781

All housing agencies in Massachusetts Source: HUD

Cities

Nearby cities

The cities closest to Greenfield, with the typical home value.

Everything about Franklin County Housing in Massachusetts

Neighboring counties

If Franklin 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 Greenfield.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Greenfield

Short answers with the numbers for Greenfield and all of Franklin 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 Greenfield?

The typical home value in Greenfield is $263,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Franklin County it is $329,000.

How much does it cost to rent in Greenfield?

Typical rent in Greenfield is $1,107 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Franklin County is $1,882.

What is the FHA loan limit in Greenfield?

Greenfield uses the FHA limit for all of Franklin County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Greenfield?

The typical homeowner in Greenfield pays $4,769 a year, according to the U.S. Census Bureau. That is 1.81% of the home’s value; in Franklin County, the rate is 1.43%.

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

There is 1 HUD-approved counseling agency with an office in Franklin 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).