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Framingham Housing Information

IndexFraminghamMassachusettsNational
Median home price$360,400$341,000$184,700
Median rent asked$1,231$1,129$949
Avg. people per household2.42.52.6
Owner occupied households54.1%62.1%63.6%
Renter occupied households45.9%37.9%36.4%
Above, you'll find an overview of the real estate market in Framingham, MA. Generally, real estate in the Framingham, MA area is less affordable in Massachusetts, as the median price of a home in Framingham, MA is $360,400, which is 6% higher than the Massachusetts average. The median rental price in Framingham, MA is $1,231. This is 9% higher than the average rental price in Massachusetts. Home owners comprise 54.1% of the population of Framingham, MA, where an average of 2.4 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Framingham, MA. Below, you can search for real estate listings in Framingham, MA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Framingham Home Affordability

When searching for real estate in Framingham, MA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Framingham, MA, the median house price is $360,400, while the median income for households in the area is $70,706. Therefore, the ratio of house price to income is 5.1x; this ratio is 6% higher than the average in Massachusetts. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Framingham, MA.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Hanscom AFB, MA1,943$0100%
Clinton, MA7,232$232,60026%
Bellingham, MA5,376$246,30033%
South Lancaster, MA1,764$257,10039%
Whitinsville, MA6,831$264,50043%
Framingham, MA70,743$360,40095%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Ellicott City, MD70,780$515,500179%
Franklin, TN70,625$342,90086%
Passaic, NJ70,536$303,60064%
Lauderhill, FL70,452$103,70044%
Redlands, CA70,442$326,80077%
Framingham, MA70,743$360,40095%

Source: The Framingham, MA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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