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Franklin, MA Real Estate

For accurate, up-to-the-second information about real estate for sale and for rent in Franklin, MA, turn to the experts at Boston City Properties. Sign up for free, immediate, unlimited access to our continually updated database of searchable MA property listings to get the ball rolling on your search as effectively and efficiently as possible. Use our search tool to zero in on single-family homes, townhouses, condos and apartments that suit your needs and budget, and get a referral from us to a local agent who can take you to look at properties and more.

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When it comes to finding the right home to rent or buy in this bustling city, knowledge is power. You know better than anyone what you need in terms of residential property, so it makes sense to do the initial legwork yourself. When you connect with us and sign up to search our listings, you arm yourself with the resources that you need to pinpoint suitable options quickly. This sets the stage for a much easier and more successful search while increasing the odds of finding something that doesn’t just meet your requirements but that exceeds them.

Whether you want to rent an apartment or other type of property or if you need to purchase a house, townhouse or condo, Boston City Properties has you covered. In addition to giving you full access to our listings and other resources, we can connect you with experienced local agents whenever you are ready to proceed. Your agent can schedule visits to properties on your list, get answers to any questions that you have about listings in our database and guide you through negotiations and closing. With all of this help and support, securing the perfect new home in this vibrant city should be much easier than you expect.

City Overview

Located as it is roughly 42 miles southwest of the city of Boston, this Norfolk County city is not impacted by the state capitol’s notoriously competitive residential property market. With that being said, however, buying or renting a place here still isn’t a cakewalk. Covered by the 02038 zip code, the city had a population of around 33,100 at the time of the 2010 U.S. Census. Therefore, it is large enough to support a fairly eclectic and robust property market, and its rental market is fairly strong too.

This bustling city is home to many popular neighborhoods and subdivisions. Depending on what you need, you may find the perfect option in Fieldstone Farms, Stonegate Estates or in another popular local district. We can refer you to an agent who knows these and other neighborhoods well, and their insights are sure to be priceless. Bordered by several communities, including Wrentham, Bellingham and Medway, the city has a cost of living score of 143.7. This is much higher than the U.S. average of 100, and it’s even a bit higher than the state average of 137.7. Therefore, even if you can afford a home, you may find the overall cost of living here to be too high.

Market Overview

At Boston City Properties, we believe that knowledge is power. Although we can refer you to an agent who will know this local market like the back of their hand, it always pays to familiarize yourself with the basics of the residential property submarket too. Is it friendlier to buyers or to sellers? Does it tend to offer the types of properties that you need, or will you struggle to find what you’re after? Can you afford prevailing property and rent prices?

There are more than 11,000 residential properties in this town, which is fairly in line with the size of the city’s population. These properties include single-family homes, townhouses, condos and apartments, and they span many prices, ages, conditions, styles and other attributes. The easiest way to see what’s available at any given moment is by searching Boston City Properties’ listings. With a few strokes of the keyboard and clicks of the mouse, you’ll have a list of properties to explore in the local area.

Not surprisingly, the ease with which you find your new home here largely depends on what you need. The residential property market here is dominated by single-family homes, which account for 68 percent of properties in this city. If you are looking to rent an apartment, you will be glad to know that around 26 percent of residential properties fall into that category. As is the case in most local submarkets, condos and townhomes are the trickiest to come by; only 6 percent of properties in this city are classified as such.

While residential property in this city isn’t exorbitantly expensive, it’s not rock-bottom affordable, either. It helps to know where the majority of properties fall on the price scale; that way, you can determine whether you should even bother looking in the area. In this city, 26 percent of properties fall between $358,000 and $478,000 in price. As large as the city and market are, however, there are plenty of homes that are much more affordable and plenty that cost a lot more. That’s just one reason why so many people from so many backgrounds are drawn here.

Single-Family Homes

Outside of densely populated places like Boston, single-family homes dominate most property markets. If you are looking for a detached single-family home in this city, you should be able to take your pick from plenty of options. Familiarize yourself with the basics about single-family homes in this Norfolk County city to make more informed and strategic decisions. With more than 68 percent of properties here classified as single-family homes, dozens of properties show up in our listings most of the time, so the going shouldn’t be too rough.

When compared with residential property across the state, homes in this city tend to be fairly affordable. The median list price for residential property in MA is $419,000; in this city, it is $435,000, so prices are a bit higher than average. The median sale price for the Bay State is $356,000 while the median sale price for this city is $385,000. Finally, the average price per square foot for residential property in Massachusetts, $242, is a bit higher than the rate for this city, which is $212 per square foot.

Everyone has unique needs when buying or renting residential property. For some people, the age of the property is a big deal; some folks are looking for older homes with unique features while others prefer newer homes with more modern touches. In this town, 54 percent of residential properties were built between 1970 and 1999. If you want something that’s much newer, you are in luck. Nearly 13 percent of residential properties were built in the year 2000 or later, so there are plenty of fairly new options to choose from as well. Homes in this community tend to be spacious, with single-family homes offering an average of 3,100 square feet of space and townhomes and condos offering around 2,100 square feet.

Fortunately for anyone who is seeking to purchase homes in the area, there’s been a strong buyer’s market locally for some time now. At any particular moment, there have been roughly 85 homes for sale on the market, so you should have plenty of options to explore. At the same time, properties have been sitting on the market for an average of 86 days, which is pretty excessive. With sellers waiting for up to three months to sell their homes, many are receptive to negotiating with buyers regarding prices and other concessions.

Whatever your long-term plans may be for the property that you buy, you’d probably like for it to grow in value after closing. This is of particular concern if you aren’t going to stay for too long or if you are buying a place for investment purposes. Currently, only 2.8 percent of residential properties are sitting vacant, which is a good sign. While roughly 10.7 percent of homes nationally have negative equity, only 5.2 percent of residential properties here fall into that category. Appreciation rates are fairly steady, with the rate over the last year averaging around 3.9 percent. That rate is expected to dip to around 2.9 percent over the next 12 months.

After searching our listings, you may realize that this market doesn’t have quite what you need in terms of property types or affordability. You’re not completely out of luck; contact Boston City Properties for a referral to a local agent. They can point you in the direction of neighboring communities that are more in line with what you need in terms of residential property. For example, homes in nearby Norfolk have been selling for around $486,000. In Woonsocket, right across the state line, homes have been selling for around $156,000. Whatever your budgetary and other needs may be, we can help you find the perfect thing.

Condos and Townhouses

There are plenty of good reasons to buy a townhouse or condo instead of a detached single-family home. In particular, it usually means not having to deal with property upkeep, which saves a lot of time and even money. If you want to buy a townhome or condo in this city, however, you are facing a bit of an uphill battle because these are the scarcest property types in the area. Even so, with access to our listings and with the help of an experienced local agent, finding what you need should be a snap.

With only 6 percent of residential properties in this town classified as townhomes or condos, only around 650 properties like these exist in the entire city. Most of them will be spoken for when you search Boston City Properties’ listings, so you may be discouraged by the lack of options. One positive thing to keep in mind is that townhouses and condos in the area tend to be quite large; on average, they offer around 2,100 square feet of space.

If you are put off by prevailing prices for single-family homes in this town, you may be able to save money by opting for a condo or townhouse instead. While single-family homes here have been appearing on the market for around $450,000, condos and townhomes have been listing for closer to $430,000. Of course, association fees usually apply when living in a condo or townhouse development, and those fees should be taken into consideration when budgeting for your new home.

The best way to find a suitable townhouse or condo in the bustling city of Franklin, MA, is by searching Boston City Properties’ listings. Follow the same instructions as you would for finding single-family homes for sale. First, select this city from the list of locations; feel free to select more than one community to perform a broader search. Next, adjust filters for things like total square footage and total beds and baths to narrow things down more. If you still can’t find what you need, we’ll refer you to a local real estate agent whose insider’s knowledge is sure to make a big difference.

Apartments

You don’t have to be in the market to buy a home in this city to benefit from Boston City Properties’ considerable resources. Our database also includes listings for apartments that are available for rent in this city and in all other cities, towns and Boston neighborhoods. Just as it pays to know the basics of the local residential property market, it pays to know how the local rental market works. Keep the following in mind when seeking apartments for rent in this city:

Quickly check current availability for apartments for rent in this vibrant Norfolk County city by searching Boston City Properties’ listings. You can search for apartments exactly how you search for homes for sale, so the process is quick and simple. Select your desired search area; it can be limited to just this city, or it can include multiple communities. Input your preferences for things like price, size and total number of bedrooms and bathrooms to refine your results more. You will then have a list of apartments that are currently available for rent, and you’ll be that much closer to finding your new home.

How Boston City Properties Can Help

It’s easy to get frustrated when looking for a new home to buy or rent in this largish Massachusetts city. That is especially true if you are in the market for something that’s not as widely available, such as a condo or townhouse. Kick-start your search and find what you need faster and more easily by signing up with Boston City Properties. In no time, you will have a list of properties to explore and will be on your way to finding the right thing.

Don’t settle for less when looking for real estate for sale or for rent in Franklin, MA. Regardless of what you’re looking for or how common or unusual it is, our helpful team has your back. Sign up to search our listings right now to jump-start your search. Check out informative articles and interactive tools on our site to make more informed decisions, and contact us for a referral to a local agent whenever you’re ready. For more information, please call Boston City Properties.

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