Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.1 yrs |
|---|---|
| Avg HH Size | 2.59 |
| Below Poverty | 5.3% ▼ 47% below avg |
| College Grads | 65.5% ▲ 69% above avg |
| Unemployment | 5.1% ≈ Avg |
| No HS Diploma | 86 (0.4%) |
| HS Graduate | 3,792 (18%) |
| Some College | 1,210 (5.8%) |
| Associates | 2,163 (10.3%) |
| Bachelors | 2,193 (10.4%) |
| Graduate Degree | 11,567 (55.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $142,788 ▲ 87% above avg |
|---|---|
| Median Home Value | $567,100 ▲ 103% above avg |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,856/mo |
| Total Housing Units | 12,889 |
| Vacant Units | 550 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin is a city in Massachusetts, located in Norfolk County. The city spans 1 ZIP code and is home to approximately 33,067 residents. It is a middle-aged city, with a median age of 42.1 years.
Economically, Franklin is a upper-middle-income community. The median household income of $142,788 is significantly above the national average. Approximately 5.3% of residents live below the poverty line. The unemployment rate is 5.1%, near the national average.
The real estate market in Franklin is a premium housing market. Median home values stand at $567,100, which is more than double the national average. Renters typically pay around $1,856 per month. Homeownership is high at 78.4%, typical of suburban and family-oriented communities.
The population of Franklin is highly educated. 65.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (83.76%).
Franklin, MA offers residents above-average earning potential within Massachusetts.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 02038 | 33,067 | $142,788 | $567,100 | $1,856 | 5.1% | 65.5% | 78.4% |