33 / 100

Franklin County, MA

Greenfield

RANK #665 / 996 NAT  ·  #6 / 12 MA  ·  POP 70,980

1YR FORECAST: +0.7%

5YR OUTLOOK: +20%

Our model projects Franklin County's housing market at +0.7% over the next year, underperforming most U.S. counties.

[01] Why Franklin County?

Franklin County, Massachusetts, is defined by its rural character and natural scenery, with the Connecticut River bisecting its forested hills. Greenfield serves as the county seat and most populous community. The county is located in western Massachusetts, bordering New Hampshire and Vermont, and offers a commute to larger cities like Boston, approximately 45 minutes to 1.5 hours away by car, depending on traffic. Commuter rail options are also available from towns like Franklin to Boston's South Station. The area is known for outdoor recreation, including hiking, biking, canoeing, kayaking, and zip-lining, with attractions like the Bridge of Flowers in Shelburne Falls and Mount Sugarloaf providing scenic views.

Life in Franklin County often appeals to those seeking a balance of community and access to nature. The region's public schools include options like Four Rivers Charter Public School and Greenfield Public Schools. While some residents commute to nearby urban centers, the local economy is supported by sectors such as manufacturing and agriculture, with a focus on local food and beverage producers. Recent economic development efforts have focused on revitalizing downtown areas in towns like Northfield, Turners Falls, and Shelburne Falls, and expanding infrastructure to support job creation and housing.

[02] Market Snapshot

Housing Ratio
7.0x

Above national median (4.7x)

GDP Growth
-6.3%

Contracting economy

Home Prices
-0.6%

Prices declining

Climate & Terrain
0.0

Below-average climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 7.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Baystate Health Healthcare
    10,000+
  2. 2
    University of Massachusetts Amherst Education
  3. 3
    Massachusetts Mutual Life Insurance Company (MassMutual) Finance
    5,000+
  4. 4
    Big Y World Class Markets Retail
  5. 5
    Mercy Medical Center and its Affiliates Healthcare
    2,500+
  6. 6
    Berkshire Health Systems Healthcare
  7. 7
    Cooley Dickinson Hospital Healthcare
    1,000+
  8. 8
    Yankee Candle Company Manufacturing
  9. 9
    Westfield State University Education
  10. 10
    Franklin Medical Center Healthcare
    500+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Franklin County U.S. National

The Numbers

DEMOGRAPHICS
Population
70,980
-0.15% YoY
Median Household Income
$70,383
Median Home Value
$284,100
-0.62% 12mo
Median Rent
$1,109
Average Annual Pay
$54,261
+0.7% YoY
Employment
25,435
-1.9% YoY
Income-to-Home-Value
0.2477
Near national average
Migration Inflow
3.11%
of pop. from another state
Bachelor's Degree+
39.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$349,000
Days on Market
43
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
100.8%
Homes selling above asking
Sold Above List
31.0%
Listings w/ Price Drops
10.4%
Building Permits (2024)
83
Single-Family Permits
64

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Firearm Fatalities
4.0
per 100K · nat avg 14.8
Injury Deaths
87.5
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.3
Good
Good Air Days
68%
745 of 1,095 days
Unhealthy+ Days (3yr)
7
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
40
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$192M
TOTAL
PROJECT AMOUNT STATUS
Wendell Battery Energy Storage System (105 MW)
Undisclosed
$105M Proposed
Community Solar Portfolio (Multiple Projects)
Various (e.g., Plankton Energy, Kearsarge Energy, Navisun LLC, FirstLight Power Resources, Inc. - MA)
$50M Operating/Under Construction
Maplegate Country Club Solar Redevelopment (30 MW)
NextGrid
$38M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth -6.3% 1 percentile
Population Growth -0.1% 23 percentile
Income Growth +8.4% 46 percentile
Vacancy Rate 0.3% 99 percentile
Home Price Change -0.6% 24 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 13x 55 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Franklin County, MA a good place to move to?

At 33/100, Franklin County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $70,383 combined with job growth of -1.9% suggests the local economy is struggling to keep pace with national trends.

Is Franklin County affordable?

Franklin County leans toward the expensive side. A median home value of $284,100 against an income-to-home-value ratio of 0.25 means housing eats a bigger share of local earnings than the national norm. Renters face $1,109/month on average.

Is Franklin County growing or shrinking?

Franklin County's job market is contracting (-1.9% YoY) while population is roughly stable (-0.1% change). Home values are -0.6% over the past 12 months. Hiring headwinds without an offsetting exodus — residents are staying, but local employers are shedding payroll.

Are people moving to Franklin County?

There's a moderate stream of newcomers. About 3.11% of residents moved from another state, which is above average and suggests Franklin County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Middlesex County, MA 29 Worcester County, MA 28 Berkshire County, MA 24 Essex County, MA 23 Suffolk County, MA 23 Norfolk County, MA 22 Medina County, TX 33 Venango County, PA 33