Framingham, MA Real Estate

Do you want to buy or rent a home in the bustling city of Framingham, MA? If so, do yourself a favor and connect with Boston City Properties. We maintain one of the largest and most comprehensive online databases of searchable Massachusetts property listings around. Updated continually around the clock, it is populated with information from reliable and proven sources like the MLS, so you can rest assured of its accuracy. Whether you want to buy a single-family home, condo or townhouse or are looking to rent an apartment or other property, we can help.

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In addition to being updated constantly for the utmost timeliness and accuracy, our listings are enhanced by a powerful and convenient search tool. Use it to select your desired search location, which can include just this city alone or as many other cities, towns and Boston neighborhoods as you’d like. Filters for things like total square footage and price range can be adjusted to return more relevant and useful results. Listings are chock-full of useful information, and they are loaded with huge photos that allow you to get a clearer picture of what to expect.

By signing up using the simple form, you can gain access not only to our listings but to a wealth of useful online resources and interactive tools. You can also always count on us for help and guidance, so feel free to get in touch whenever you’d like. Later, when you are ready to get out there and look at properties on your list, give us a call. We will refer you to an experienced local real estate agent who can take it from there. From start to finish, then, we are here to make your search as easy as possible.

City Overview

Located in the MetroWest region of Greater Boston, this bustling Middlesex County city had a population of around 68,300 people at the time of the 2010 U.S. Census. Situated roughly 20 miles west of downtown Boston, it is covered primarily by the 01701 zip code. Thanks to its fairly large population and other factors, the city has a lot to offer in terms of residential property. Properties here are owned and rented fairly equally, so there are plenty of options for buyers and renters alike.

Even if you can afford to buy a home in this city, it’s important to make sure that the overall cost of living suits your budget as well. On the national cost of living index, the average COL for the U.S. is 100. It is higher for the state at 137.7, but the cost of living for this town is roughly in line with that at 136.4. This town includes numerous neighborhoods and districts, including Ridgefield, Lokerville and Nobscot, and it is bordered by Sherborn, Natick, Wayland, Southborough and Marlborough. Odds are that you can find what you need within its borders or in a neighboring community.

Market Overview

As tempted as you might be to leave it all to your agent, it helps enormously to have a basic grasp of the local market yourself. You can gain the insights that you need to make more informed decisions by availing yourself of Boston City Properties’ resources, including the information on this page. While we can refer you to a local agent who knows the market well, it never hurts to do a little research yourself.

According to recent property records, there are around 27,000 residential properties in this town. These include everything from single-family homes to condos to apartments, and there is usually a nice variety available at any given time. Lots of people here rent properties, and apartments are especially popular. However, many other types of properties are available for rent most of the time, so there are options for everyone. Search our listings to zero in on residential properties that meet your requirements. Remember too that Boston City Properties can refer you to a local agent who can help you find less widely available options.

How easy or difficult will it be for you to secure the kind of real estate that you need in this town? Unlike many communities, which are dominated either by single-family homes or by apartments, this one has a nice balance. Indeed, around 50 percent of its more than 27,000 residential properties are classified as detached single-family homes, so a good variety is typically offered for sale at any time. Roughly 46 percent of properties are classified as apartments, so there are lots of options in that department too. Only around 4 percent of residential properties are categorized as townhouses and condos, however; if you are in the market for one, then, the going may be a bit rougher.

In terms of affordability, this town has residential properties to suit virtually any budget. The most common price range for single-family homes in this town is between $368,000 and $490,000; around 30 percent of homes fall into that category. If your budget aligns with that range, you should be able to take your pick from plenty of options. Even if your budget is much smaller or larger, Boston City Properties can help you find something suitable in the area.

Single-Family Homes

If you are online looking for information about buying a home in Framingham, MA, you are most likely looking for a single-family home. Fully half of all residential properties in this Middlesex County town fall into this category, which means that there are around 13,500 such properties within its borders. As you will see, the market usually has a decent number of such homes available at any given time, and they span many prices, ages, sizes, layouts and other attributes.

The median list price for residential property in the state of Massachusetts is around $419,000. The median list price for property in this town, meanwhile, is $404,000, so you may be able to secure a home for less than the state average. In terms of closing prices, the median price for the state is $356,000 while the median price for this town is $375,000, so you may not get quite as good of a deal as you’d anticipated. The median price per square foot for this town, $241, is almost exactly in line with the state’s median price, which is $242.

Like anyone who is in the market to buy a home, you probably have clear ideas about what you want. For example, perhaps you are determined to buy a home that was built within the last few decades. That may be tough to do in this town as the majority of residential properties here, 48 percent, were built between 1940 and 1969. Only around 3 percent of them were built in the year 2000 or later. Single-family homes here offer an average of 3,200 square feet of space, which is much larger than average. Townhouses and condos are also roomy, offering an average of 2,100 square feet.

With so many residential properties within its borders, this town typically has a lot to offer in terms of housing inventory. At any particular time, you can expect to find upwards of 50 properties listed for sale in our database. Lately, properties in this submarket have been sitting on the market for an average of 70 days, which is slightly longer than usual. With sellers waiting up to two months to sell homes, buyers can often negotiate their way to concessions and other perks. That’s easier still with the help of a skilled agent, and Boston City Properties can refer you to one in the area whenever you’re ready.

Another reason to assess a local property market before buying a home is to ensure that you will get some kind of return on your investment. Even if you plan to stay put for a long time, you’re going to want your home to grow in value through the years. If you’re buying for investment purposes or plan to sell again quickly, it’s even more crucial to check property value information. In this town, around 8.2 percent of properties have negative equity. This is only slightly lower than the national rate of 10.7 percent. Only 3.3 percent of residential properties are vacant, which is a positive sign. While properties appreciated at a rate of 6.5 percent over the last 12 months, the rate is expected to drop to 2.9 percent over the next year.

You may have set your sights on this city as the ideal place to buy a home, but things don’t always work out perfectly. After searching our listings, you may find that the available inventory doesn’t suit your budget or other needs. Luckily, homes in neighboring communities vary widely in terms of price, features and other attributes. In nearby Sherborn, for example, single-family homes have been selling for around $749,000; in neighboring Marlborough, on the other hand, they are selling for closer to $312,000.

Condos and Townhouses

When searching for condos and townhomes in the big city, you are spoiled for choices. That’s not the case when looking in this Middlesex County city, but the pickings aren’t as slim as they are in many neighboring communities. With roughly 4 percent of residential properties here classified as townhouses or condos, around 1,050 properties in this town fall into this category. Naturally, most of them will be off the market when you search, so you may find yourself facing a bit of an uphill battle.

Like single-family homes in the area, townhouses and condos here offer generous amounts of space. On average, this type of property in this city offers around 2,100 square feet, so you will have plenty of room to spread out if you’re able to secure such a unit. Given that this is the average amount of space offered, there should be plenty of larger options and plenty of smaller ones too.

If you are searching for a townhouse or condo rather than a detached single-family home, you probably have good reasons for doing so. Landscaping and upkeep services are usually included, for example, so these properties are popular with busy working professionals and others who don’t want to care for yards. These properties are often cheaper too. While single-family homes sell for around $404,000 here, condos and townhomes sell for closer to $360,000. Keep in mind, however, that association fees or dues often apply, and they are usually charged on a monthly basis.

Finding a townhouse or condo in this city is easy with Boston City Properties. You can search our listings to check current availability for this property type in our database. It works exactly the same as searching for single-family homes; just select your desired search area, adjust filters for things like price and size and go from there. If you can’t find one that suits your budget, or if you need to rent instead of buy, we can refer you to a local agent who can help.

Apartments

In this bustling city, 46 percent of residential properties are classified as apartments. This means that there are around 12,400 apartments within its borders. These apartments include everything from basic studios to sprawling two- and three-bedroom units, and they are located in buildings and developments across the city. If you need to rent an apartment in this Middlesex County city, you can easily check availability by searching Boston City Properties’ listings. In the meantime, here are a few things to keep in mind regarding the local apartment rental market:

Affordability – It’s important not to get ahead of yourself when seeking apartments for rent. Before getting too involved in the process, confirm that apartments here rent out for rates that suit your budget. You’ll be glad to know that the average monthly rent here is much lower than the state average. While rent prices average around $2,500 across the Bay State, they average only around $1,850 per month in this market. Given its relative proximity to Greater Boston, this city offers pretty good deals for renters.
Rental Market Size – Compared with many outlying communities, this city has a fairly robust and active rental market. Just over half of all residential properties are owned in this city while 48 percent are rented. The vast majority of rental properties are apartments, but detached homes, townhouses and even condos are offered for rent from time to time. If you need to rent something other than an apartment, we can refer you to an agent whose insider knowledge is certain to make a huge difference for you.
Options and Features – Thanks to the fact that this city has thousands of apartments in dozens of buildings and developments, units here span many prices, sizes, layouts and designs. Apartment developments here aren’t quite as lavish as those in the big city, but they extend plenty of perks to tenants nonetheless. You can zero in on apartments that meet your basic criteria by using our search tool, which lets you adjust filters for things like total beds and baths and price. If you need something specific, like a unit with a balcony, the agent to whom we refer you can lend a hand.

While the majority of the listings in Boston City Properties’ database are for single-family homes for sale, listings for apartments for rent in this city and in cities and towns across the state also appear. Therefore, the best way to check current availability for apartments for rent in this town is by searching our listings. You can limit your search to this city, or you can select additional communities to broaden it. Either way, you should have a list of apartments and rental properties that meet your basic requirements in no time flat.

How Boston City Properties Can Help

Given the size and popularity of this Middlesex County city, it stands to reason that you may be feeling overwhelmed about finding a home to rent or buy here. The market can be pretty competitive, but you will be ahead of the game by connecting with Boston City Properties. With access to our constantly updated MA property listings, you can quickly zero in on viable options in this city. Before you know it, you will have a list of properties to consider and will be ready for a referral to a local agent.

When it comes to real estate in Framingham, MA, knowledge is power. Get that and much more by signing up with Boston City Properties. When you do, you’ll get instant, free, unlimited access to our continually updated property listings, and you can kick your search into overdrive. When the time comes to look at properties on our list, contact us for a referral to a local agent. For more info, call Boston City Properties.

Framingham Condo Developments

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