Franklin, MA Real Estate
According to census data in the year 2000 there were 10,327 housing units in Franklin.
This represents a 186.5% growth from 3,604 in 1990.
Of those housing units, 9,781 were located in either urbanized areas or urban clusters, and 546 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 81.4%.
Franklin's vacancy rate, including seasonal lodging, is about 1.7%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in Franklin were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 8.20% |
| Two Bedrooms | 20.50% |
| Three Bedrooms | 37% |
| Four Bedrooms | 29.80% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.06 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $227,100 |
| Median Price asked for vacant units | $191,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $585 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 13.80% |
| Simple Mortgage | 64.30% |
| Debt Free | 14.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.9% |
