ZIP Code 02038 — Franklin Town city, MA Demographics & Data

ZIP code 02038 covers Franklin Town, MA in Norfolk County with a population of about 33,067.

At a glance, the area shows median age of 42.1 versus a U.S. median of about 38.9.

It sits in telephone area codes 508, 774; U.S. House district MA-4; the BOSTON (MANCHESTER) media market.

Franklin Town, MA sits in a university / college context (near dean college (0.7 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 02038 is about $142,788 — about 90% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 5.5%; unemployment rate near 5.1%; 56.4% of adults with a bachelor’s degree or higher (about 22.7 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Professional services; about 21.5% of workers reporting work-from-home (about 6.3 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $567,100 — about 63% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,698 (about 46% above the U.S. median rent ($1,163)), and owner-occupancy near 78.3% (about 12.9 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 02038 in Franklin Town, MA, a household would need roughly $156,000 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 $3,643. That is roughly in line with the local median household income ($142,788). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Franklin Town city, MA as Relatively Moderate (composite score 92.0), which is among the highest nationally. The strongest component scores on US5 are flood (95.5) and hurricane (92.2). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Franklin Town city, MA show little to no average snow and around 50.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,561 for ZIP 02038 (Franklin Town city, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.