BPN

🚂

Franklin

45 min to Boston
"Growing MetroWest hub with commuter rail and new development"
Median Price
$675,000
$385/sqft
School Rating
7.8/10
Good
Appreciation
4.4%
per year
Commute
45 min
to downtown

Financing Considerations

Properties in Franklin typically typically qualify for conforming loans with more flexible underwriting standards.

Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.

✨The Vibe

Growing MetroWest town with commuter rail, modern developments, and family-friendly atmosphere at accessible prices

What It's Really Like

Franklin is MetroWest's affordable growth story—commuter rail access, new developments, good schools improving, and you're not breaking the bank.

Best For

  • ✓Commuter rail families on a budget
  • ✓New construction buyers
  • ✓Growing families seeking space
  • ✓Value-focused MetroWest workers

Avoid If

  • ✗You need quick Boston access (45+ min)
  • ✗You want established prestige
  • ✗You prefer historic character over new builds

🌟Highlights

🚂Commuter rail to South Station
🏗️Modern developments and new construction
🏫Schools improving (7.8/10)
💰Most affordable MetroWest with rail access

Insider Tips

  • 💡Dean College adds college-town vibe
  • 💡Downtown area revitalizing
  • 💡Route 495 access excellent for tech workers

Demographics

Population
33,500
Median Age
40
Median Income
$124,000

Economic Profile

Remote Work
19.1%
work from home
Professional Workers
55.4%
knowledge economy
Broadband Access
95.9%
digital infrastructure
Median Commute
34 min
to work
Rental Cost Burden
47.6%
pay >30% on rent
Homeownership
79.2%
owner-occupied
Poverty Rate
4.6%
below poverty line
Unemployment
5.4%
of labor force
Median Home Value
$517K
Census estimate
Data source: Census ACS 2022 5-year

Religious Community

Places of Worship
7
Churches
6
Synagogues
1
🌟 Multi-faith community with diverse religious traditions(Diversity Score: 37/100)
Historical Context: Oldest establishment dates to 1738• 4 established before 1900
Data Source: MassGIS 2025 (Updated 2025-02-03)

Housing Stock Age

Median Year Built
1980
45 years old
Pre-1940 Construction
15.2%
Lower risk
Post-2000 Construction
27.4%
Modern housing stock
Est. Annual Insurance
$2,200
Based on housing age

Insurance Cost Calculator

Estimate your annual homeowners insurance premium

$337,500$675,000$1,350,000

Leave blank to use town median (1980)

Annual Premium
$2,100
$175/month
vs. State Average
+5%
MA avg: $2,008/year
Risk Category
MODERATE
Based on home age

30-Year Mortgage Impact

$63,000

Total insurance cost over 30-year mortgage (equivalent to 0.3% of home value)

Age Penalty

This home costs $489 more per year to insure than a newly built home. Over 30 years, that's $14,670 in additional insurance costs.

Ways to Lower Your Premium

  • Bundle home + auto insurance with same carrier (10-25% discount)
  • Increase deductible from $500 to $2,500 (save 15-30%)
  • Install monitored security system (5-20% discount)
  • Replace roof with impact-resistant materials (save 5-15%)
  • Upgrade plumbing to PEX or copper

* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.

Construction Era Distribution

2020+
195 units
2010-2019
10.2%
1,280 units
2000-2009
15.6%
1,950 units
1990-1999
17.6%
2,200 units
1980-1989
18.8%
2,350 units
1970-1979
18%
2,250 units
1960-1969
14.8%
1,850 units
1950-1959
8.8%
1,100 units
1940-1949
420 units
Pre-1940
15.2%
1,905 units
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Resources & Research

School Information

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Market Analysis

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Insurance & Risk

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Home Buying Terms

Real Estate Glossary →

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View All Market Guides & Analysis →

Similar Neighborhoods

🎓

Cambridge

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🚇

Brookline

$1,025,000

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🎨

Somerville

$1,050,000

"Brooklyn of Boston but cheaper (for now)"

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