Framingham, MA—01701
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Framingham, MA
Home Price Trends — Framingham, MA
As of Oct '25, the median home price in Framingham, MA is $692,000, with a year-over-year change of 0.9%. This indicates that home prices in Framingham, MA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $692,000 | 0.9% |
| Single Family | $699,000 | 0.6% |
| Condos | $427,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $272,000 | 1.9% |
2 Bed | $563,000 | 1.8% |
3 Bed | $648,000 | 0.3% |
4 Bed | $815,000 | 0.5% |
| 5 Bed | $894,000 | 0.3% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Framingham, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Framingham, MA is 31. This is a increase of 45.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $774,000 | 7.0% |
Listing Count | 64 | 63.0% |
| Listings as % of Homes | 0.1% | 63.0% |
Days on Market | 31 | 45.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $692,000 |
| Median Household Income | $127,000 |