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Franklin County, MA

RANK #395 / 1001 NAT  ·  #1 / 12 MA  ·  POP 70,944

1YR FORECAST: +0.7%

5YR OUTLOOK: +30%

Franklin County's housing market is projected to grow +0.7% over the next year, tracking near the national average.

[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.

MARKET PROFILE

Educated Suburban Growth

Franklin County is one of 110 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +0.3% runs below the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
16.5x

Overvalued relative to economy

Home Prices
+0.3%

Well below national median

Climate & Terrain
0.0

Below-average climate & terrain

Price/Rent
16x

Above national median (15x)

Housing looks overvalued at 16.5x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
70,944
+0.03% YoY
Median Household Income
$74,907
Median Home Value
$329,000
+0.35% 12mo
Median Rent
$1,177
Average Annual Pay
$56,633
+4.4% YoY
Employment
24,991
-1.7% YoY
Income-to-Home-Value
0.2277
Near national average
Migration Inflow
2.97%
of pop. from another state
Bachelor's Degree+
40.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$410,000
Days on Market
25
Active market
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
101.0%
Homes selling above asking
Sold Above List
41.9%
Listings w/ Price Drops
23.1%
Building Permits (2025)
64
Single-Family Permits
58

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

Population Growth +0.0% 24 percentile
Income Growth +3.2% 61 percentile
Vacancy Rate 0.2% 100 percentile
Home Price Change +0.3% 30 percentile
Rent Growth +11.1% 98 percentile
Price/Rent 16x 40 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 60/100, Franklin County sits in the upper half of all 1001 ranked counties. and median household income stands at $74,907 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in MA.

Is Franklin County affordable?

Franklin County leans toward the expensive side. A median home value of $329,000 against an income-to-home-value ratio of 0.23 means housing eats a bigger share of local earnings than the national norm. Renters face $1,177/month on average.

Is Franklin County growing or shrinking?

Franklin County's job market is contracting (-1.7% YoY) while population is roughly stable (+0.0% change). Home values are +0.3% 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 2.97% 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

Berkshire County, MA 58 Hampden County, MA 52 Bristol County, MA 50 Hampshire County, MA 48 Plymouth County, MA 38 Barnstable County, MA 36 Stanly County, NC 60 Clinton County, NY 60