Franklin County, Massachusetts home prices
Typical home $369,047 · +1.6% in a year · property tax 1.43%
The typical home in Franklin County is worth $369,047, 44% less than the Massachusetts typical home ($655,219). Values changed +1.6% in the past year and +26.2% over five years. Homeowners here pay a median 1.43% of their home's value in property tax each year ($5,295 on the typical home), versus 1.01% statewide.
Mortgage on the typical Franklin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $73,809 | $295,238 | $1,986 | $0 | $626 | $2,612 | $111,900 |
| 10% down | $36,905 | $332,142 | $2,234 | $138 | $626 | $2,998 | $128,500 |
| 5% down | $18,452 | $350,595 | $2,358 | $146 | $626 | $3,130 | $134,200 |
| 3.5% down (FHA) | $12,917 | $362,363 | $2,438 | $163 | $626 | $3,227 | $138,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.43% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Massachusetts · part of the Springfield metro area.
Massachusetts counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hampden County | $351,040 | +4.0% | 1.49% |
| Berkshire County | $389,996 | +1.6% | 1.32% |
| Hampshire County | $449,669 | +2.8% | 1.43% |
| Worcester County | $495,048 | +1.9% | 1.28% |
| Bristol County | $545,691 | +3.7% | 1.07% |
| Plymouth County | $646,858 | +4.0% | 1.17% |
| Essex County | $715,954 | +2.1% | 1.04% |
| Suffolk County | $738,589 | +0.2% | 0.66% |
| Barnstable County | $757,449 | +2.9% | 0.67% |
| Norfolk County | $764,424 | +2.5% | 1.06% |
Frequently asked questions
What is the average home price in Franklin County, MA?
The typical home value in Franklin County is $369,047 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $111,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin County?
The median effective rate is 1.43% of home value a year (Census ACS 2024 5-year estimates).