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Franklin Town city, MA

ZIP 02038 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02038

Median Home Value
$567,100
Median Rent
$1,698
Affordability Snapshot
$156,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,643/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02038 in Franklin Town city, MA, a household would need roughly $156,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,643. That is roughly in line with the local median household income ($142,788). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.3%+20% vs US avg
x
Vacancy Rate
4.3%-59% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
2.0%-85% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
25.6%-33% vs US avg
x
$567,100
Home Value
$1,698
Rent
1985
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.9%
  • 1-unit attached9.6%
  • 2-9 units13.4%
  • 10+ units13.8%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$567,100
Median rent$1,698
Owner-occupied78.3%
Vacant4.3%
Price-to-income4.0x
Est. income to buy$156,000