Market Overview
Home Prices in Franklin, MA
The median home value in Franklin, MA is $717,119 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Franklin are priced75% above average. Franklin is part of the Boston-Cambridge-Newton, MA-NH metro area.
Over the past five years, Franklin home values have risen by approximately26.6%, reflecting strong long-term appreciation in this market.
Price History
Franklin Home Price Trend
City Comparison
Franklin vs. National Median
At $717,119, homes in Franklin cost 75% above the national median of $410,000. Buyers in Franklin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Franklin?
20% Down Payment
$143,424
on $717,119
Monthly P&I
$3,740/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,750/mo
incl. taxes & insurance
Income Needed
$190,000
gross annual (30% rule)
10% Down Option
$71,712
+ PMI applies
Loan Amount (20% dn)
$573,695
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Franklin, MA?
The median home value in Franklin is $717,119 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Franklin?
Over the past year, home values in Franklin have increased by 1.9%. Over five years, prices have risen approximately 26.6%.
How much do I need to earn to buy a home in Franklin?
To comfortably afford the median home price of $717,119 with a 20% down payment ($143,424) at today's rates (6.8%), you'd need a gross annual income of approximately $190,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Franklin compare to the national average home price?
The national median home value is approximately $410,000. At $717,119, homes in Franklin are 75% above the national average.
What metro area is Franklin part of?
Franklin is part of the Boston-Cambridge-Newton, MA-NH metropolitan area. Home prices and market conditions can vary across the broader metro region.