Framingham, MA—01702
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 $558,000, with a year-over-year change of 2.0%. This indicates that home prices in Framingham, MA are increasing. 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 | $558,000 | 2.0% |
| Single Family | $659,000 | 0.9% |
| Condos | $310,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $224,000 | 1.8% |
2 Bed | $371,000 | 2.8% |
3 Bed | $609,000 | 1.2% |
4 Bed | $775,000 | 0.6% |
| 5 Bed | $867,000 | 0.7% |
% of Housing Stock
Rental Trends — Framingham, MA
As of July '25, Rentcast reports the average rent in Framingham, MA is $2,500, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Framingham, MA is studios: $1,980, 1-bedrooms: $2,270, 2-bedrooms: $2,700, 3-bedrooms: $3,420, 4-bedrooms: $3,790. The most common rental property sizes in Framingham, MA are 1-bedroom and 2-bedroom, accounting for 36.9% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,440 | $2,500 |
| Studio Rent | $1,930 | $1,980 |
| 1 Bed Rent | $2,240 | $2,270 |
| 2 Bed Rent | $2,580 | $2,700 |
| 3 Bed Rent | $3,400 | $3,420 |
| 4 Bed Rent | $3,600 | $3,790 |
% 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 34. This is a increase of 56.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $509,000 | -19.0% |
Listing Count | 48 | 132.0% |
| Listings as % of Homes | 0.1% | 132.0% |
Days on Market | 34 | 56.0% |
Demographics — Framingham, MA
As of the latest ACS Survey released in 2023, Framingham, MA has a population of 39,800, which has increased by 1.6% over the past 5 years. Framingham, MA is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 39.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,800 | 1.6% |
% Under 18 | 23.8% | 15.5% |
% Seniors | 11.5% | 0.0% |
% WFH | 11.7% | 129.4% |
% w/ College Degree | 39.3% | 7.7% |
As of the latest ACS Survey released in 2023, Framingham, MA is a predominantly white area, with 39.5% of the population identifying as white. The white population has shrunk by 25.3% in the last 5 years. The second most common race or ethnicity in Framingham, MA is hispanic, making up 25.1% of the population. Foreign-born residents account for 41.4% of the population in Framingham, MA, and this percentage has increased by 14.7% 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 | 39.5% | -25.3% |
% Black | 7.8% | -12.4% |
% Hispanic | 25.1% | 4.1% |
% Asian | 5.6% | -34.9% |
% Foreign Born | 41.4% | 14.7% |
Mortgage and Risk — Framingham, MA
According to HUD data as of 2023, there were 295 mortgage originations in Framingham, MA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Framingham, MA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 295 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Framingham, MA
As of 2024, the percent of homes in Framingham, MA under the Section 8 program is 13.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Framingham, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,508 |
Total Units Section 8 | 1,341 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $2,240 | $2,140 |
| 2 Bedroom | -$30 | $2,580 | $2,550 |
| 3 Bedroom | -$320 | $3,400 | $3,080 |
| 4 Bedroom | -$210 | $3,600 | $3,390 |
Affordability — Framingham, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $558,000 |
| Median Household Income | $78,800 |