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Framingham city, MA

ZIP 01702 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01702

Median Home Value
$563,600
Median Rent
$1,644
Affordability Snapshot
$155,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,620/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01702 in Framingham city, MA, a household would need roughly $155,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,620. That is about 97% above the local median household income ($78,784), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
34.3%-48% vs US avg
x
Vacancy Rate
4.2%-60% vs US avg
x
Broadband Access
93.6%+8% vs US avg
x
4+ Bedrooms
1.9%-88% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
25.3%-49% vs US avg
x
Mortgage-Free
26.0%-32% vs US avg
x
$563,600
Home Value
$1,644
Rent
1967
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached29.6%
  • 1-unit attached7.6%
  • 2-9 units26.1%
  • 10+ units36.6%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$563,600
Median rent$1,644
Owner-occupied34.3%
Vacant4.2%
Price-to-income7.2x
Est. income to buy$155,000