Franklin
"Growing MetroWest hub with commuter rail and new development"
Editorial median as of February 3, 2025. 71 closed single-family sales in 2026, through October 16, 2026.
Home Values in Franklin, MA
The median home price in Franklin, MA is $700,000, with homes trading at $330/sqft. Home values in Franklin have appreciated at roughly 4.4% per year, reflecting strong ongoing demand from buyers prioritizing schools and commute access.
Census estimated median home value: $517K (ACS 2022 5-year). Current market prices typically run higher due to post-2022 appreciation.
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
Insider Tips
- Dean College adds college-town vibe
- Downtown area revitalizing
- Route 495 access excellent for tech workers
Demographics
Source: Census ACS 2023 5-year estimates
Economic Profile
Religious Community
Housing Stock Age
Insurance Cost Calculator
Estimate your annual homeowners insurance premium
Leave blank to use town median (1985)
30-Year Mortgage Impact
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
Resources & Research
School Information
Compare 48 high schools by SAT scores, MCAS proficiency & college enrollment
Market Analysis
Recent sales data, price drivers, and market trends for Franklin
Vote on what live Franklin listings will actually close for — shareable price checkpoints
Break-even math, SALT cap impacts & decision framework for Boston buyers
Ready to Find Your Perfect Property in Franklin?
Compare this town with others, or look through homes that have already sold here.