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Framingham, MA—01701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$716,000
0.0% YoY Growth
Household Income
$127,000
14.2% YoY Growth
Days on Market
24
125.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$3,100
14.6% YoY Growth
1-Bed Rent
$1,900
13.4% YoY Growth
2-Bed Rent
$2,800
18.6% YoY Growth
3-Bed Rent
$3,750
3.5% YoY Growth

Other Zip Codes in Framingham, MA

01702
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Framingham, MA

As of May '26, the median home price in Framingham, MA is $716,000, with a year-over-year change of 0.0%. This indicates that home prices in Framingham, MA are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$716,0000.0%
Single Family $724,000-0.3%
Condos $429,000-1.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $275,000
    0.0%
    2 Bed
    		$582,0000.2%
    3 Bed
    		$671,000-0.1%
    4 Bed
    		$842,000-0.6%
    5 Bed $929,5520.1%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    9.1%
    2 Bedrooms
    15.6%
    3 Bedrooms
    40.0%
    4 Bedrooms
    29.7%
    5+ Bedrooms
    4.9%

    Rental Trends — Framingham, MA

    As of July '25, Rentcast reports the average rent in Framingham, MA is $3,100, with a year-over-year rent change of -14.6%. Per bedroom, the median rent as of July '25 in Framingham, MA is studios: $1,390, 1-bedrooms: $2,260, 2-bedrooms: $3,110, 3-bedrooms: $3,870, 4-bedrooms: $4,090. The most common rental property sizes in Framingham, MA are 2-bedroom and 1-bedroom, accounting for 46.9% and 31.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,100$3,100
    Studio Rent $1,390$1,390
    1 Bed Rent $1,900$2,260
    2 Bed Rent $2,800$3,110
    3 Bed Rent $3,750$3,870
    4 Bed Rent $3,800$4,090
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    % of Rental Stock

    Studio
    2.3%
    1 Bedroom
    31.7%
    2 Bedrooms
    46.9%
    3 Bedrooms
    10.4%
    4 Bedrooms
    5.7%
    5+ Bedrooms
    3.0%

    Property Listings — Framingham, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Framingham, MA is 24. This is a increase of 125.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$850,000-3.0%
    Listing Count
    		9587.0%
    Listings as % of Homes0.1%87.0%
    Days on Market
    		24125.0%
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    Demographics — Framingham, MA

    As of the latest ACS Survey released in 2023, Framingham, MA has a population of 32,300, which has remained stable by -0.9% over the past 5 years. Framingham, MA is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 60.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		32,300-0.9%
    % Under 18
    		20.1%11.7%
    % Seniors
    		21.1%7.7%
    % WFH
    		24.4%320.7%
    % w/ College Degree
    		60.6%2.5%
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    As of the latest ACS Survey released in 2023, Framingham, MA is a predominantly white area, with 66.7% of the population identifying as white. The white population has shrunk by 15.8% in the last 5 years. The second most common race or ethnicity in Framingham, MA is hispanic, making up 10.8% of the population. Foreign-born residents account for 19.3% of the population in Framingham, MA, and this percentage has increased by 1.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		66.7%-15.8%
    % Black
    		4.7%-7.8%
    % Hispanic
    		10.8%89.5%
    % Asian
    		9.2%13.6%
    % Foreign Born
    		19.3%1.0%
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    Mortgage and Risk — Framingham, MA

    According to HUD data as of 2023, there were 549 mortgage originations in Framingham, MA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Framingham, MA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		549
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Framingham, MA

    As of 2024, the percent of homes in Framingham, MA under the Section 8 program is 19.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Framingham, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		590
    Total Units Section 8
    		532
    % Rentals under Section 8
    		19.3%
    % Occupied Section 8
    		94.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$370$1,900$2,270
    2 Bedroom-$110$2,800$2,690
    3 Bedroom-$510$3,750$3,240
    4 Bedroom-$230$3,800$3,570

    Affordability — Framingham, MA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.9
    Median Home Price$716,000
    Median Household Income$127,000

    Framingham, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Framingham, MA

    01702

    Sudbury, MA

    01776

    Fayville, MA

    01745

    Ashland, MA

    01721

    Wayland, MA

    01778

    Frequently Asked Questions