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Area data

Franklin, MA — ZIP 02038

Population: 33,154 (Census ACS)

The median home value in ZIP 02038 (Franklin, MA) is $714,527 — up 2.3% over the past year. Homes sell for a median $649,900 after a median 16 days on market. Typical rent runs $2,747/month. 12 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coastalflooding, icestorm, inlandflooding the top-rated hazards. Cost of living is 10.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$714,527

Median home value

+2.3%

1-year change

16

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$714,527
1-year appreciation
+2.3%
3-year appreciation
+12.3%
5-year appreciation
+25.8%
10-year appreciation
+69.5%
All-time peak (2026-07)
$714,527
House Price Index (state)
467.4 (+2.1% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$649,900
Median list price
$650,000
Median price per sqft
$368
1-year sale-price change
+21.5%
Median days on market
16 days
Homes sold (recent period)
11
For-sale inventory
67
Sale-to-list ratio
101.0%
Active listings
13
1-year forecast
+1.2%
Days to pending
12 days
New listings (monthly)
39

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,747/mo
1-year rent change
+3.8%
Studio fair-market rent
$1,278/mo
1BR fair-market rent
$1,597/mo
2BR fair-market rent
$2,044/mo
3BR fair-market rent
$2,658/mo
4BR fair-market rent
$3,067/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (High)
110.5 (100 = US avg)
Electricity rate (state-level)
30.5¢/kWh
Natural gas rate (state-level)
$25.10/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
12
Elementary schools
6
Middle schools
3
High schools
2
Charter schools
1
School districts serving the area
Benjamin Franklin Classical Charter Public (District), Franklin, Tri-County Regional Vocational Technical
Schools include
Benjamin Franklin Classical Charter Public School, Franklin High, Horace Mann, J F Kennedy Memorial, Oak Street Elementary

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coastalFlooding, iceStorm, inlandFlooding, lightning, coldWave
Notable hazard ratings (county)
coastalFlooding: Relatively High · coldWave: Relatively Moderate · drought: Relatively Low · earthquake: Relatively Moderate · heatWave: Relatively Moderate · hurricane: Relatively Moderate
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 18% of US counties
Buildings in wildfire direct-exposure zone
23.2%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
1
Nearest Superfund site
BJAT LLC (0.7 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
50.5 in
Annual snowfall
45.9 in
USDA plant hardiness zone
6b (extreme annual low -5 to 0°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
41
Days with Good air quality
276
Days with Moderate air quality
85
Highest AQI recorded (year)
136

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
15.2 / 20
Transit service frequency
101
Jobs reachable by car (30 min)
80,335
Jobs reachable by transit (45 min)
89,787

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
17
Nearest national park
Blackstone River Valley National Historical Park (14 mi)
National parks include
Blackstone River Valley National Historical Park, Roger Williams National Memorial, Frederick Law Olmsted National Historic Site
Airports within 30 mi
24
Nearest airport
Hopedale Industrial Park Airport (5 mi)
Nearest major airport
Norwood Memorial Airport (OWD) (14 mi)
Hospitals nearby (~15 mi)
23
Hospitals include
STURDY MEMORIAL HOSPITAL, ARBOUR-FULLER HOSPITAL, CARNEY HOSPITAL
Avg hospital rating (CMS)
3.4 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-2,202 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,985
Housing built before 1970
34.4%
Housing built 2000 or later
22.1%
Median annual property tax
$7,044
Mean commute to work
25 min
Households with broadband internet
88.7%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
309,515
Average weekly wage
$1,575
Top industries (by employment)
Health Care, Accommodation & Food, Professional Services
Annual residential building permits (county)
515

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 02038State medianUS median
Median home value$714,527$625,940$289,727
Median sale price$649,900$585,000$325,000
Median days on market16 days27 days51 days
Typical rent$2,747/mo$2,768/mo$1,808/mo
Median annual property tax$7,044$5,436$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 02038?
$714,527.
What is the median sale price in ZIP 02038?
$649,900.
How long do homes take to sell in ZIP 02038?
Median days on market: 16 days.
What is typical rent in ZIP 02038?
Typical rent: $2,747/month.
What is the natural-hazard risk in ZIP 02038?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coastalFlooding, iceStorm, inlandFlooding, lightning, coldWave.
Is ZIP 02038 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 02038?
Risk to homes is higher than 18% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 02038?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 02038?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: BJAT LLC, 0.7 mi.
How many schools serve ZIP 02038?
12 schools (6 elementary, 3 middle, 2 high) (NCES, 2022-23).
Is ZIP 02038 walkable?
Walkability index: 15.2/20 (EPA Smart Location Database).
What is the air quality in ZIP 02038?
Good. Median AQI: 41. (EPA AQI).
What is the cost of living in ZIP 02038?
Regional Price Parity: 110.5 (100 = US average) (High) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents