Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Framingham area can be challenging. Home prices in Framingham are now at a median cost of $449,665, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,615/mo in Framingham, primarily driven by the current value of real estate in the Framingham area. While nearly 30.38% of residents own their homes outright in Framingham, 44.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Framingham is $8,302 per month. Households that rent pay about 19.45% of their income on rent here. Framingham's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Natick, MA: higher priced homes
- Ashland, MA: equally priced homes
- Cochituate, MA: higher priced homes
- Fayville, MA: higher priced homes
- Sherborn, MA: higher priced homes
- Southborough, MA: higher priced homes
- Sudbury, MA: higher priced homes
- Wayland, MA: higher priced homes
- Holliston, MA: higher priced homes
- Southville, MA: higher priced homes
Cities with Similar Populations
- Staten Island, NY: higher priced homes
- St. Petersburg, FL: less expensive homes
- St. Louis, MO: less expensive homes
- St. Peters, MO: less expensive homes
- South Gate, CA: equally priced homes
- Snellville, GA: less expensive homes
- San Tan Valley, AZ: less expensive homes
- Santa Fe, NM: less expensive homes
- Salem, OR: less expensive homes
- San Francisco, CA: higher priced homes
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