Located in Norfolk County, Massachusetts, Franklin is a charming town with a rich history, excellent schools, and a strong sense of community. With a population of approximately 33,000 residents, Franklin offers a unique blend of small-town charm and big-city amenities. As you consider moving to Franklin, it's essential to understand the various zip codes that make up this vibrant town and how they impact property values. In this article, we'll delve into the secrets of Franklin's zip codes, exploring the characteristics, advantages, and disadvantages of each area, as well as providing insights into property values and the local real estate market.
Key Points
- Franklin, MA has two primary zip codes: 02038 and 02062, each with its unique characteristics and property value trends.
- The 02038 zip code is generally considered more affluent, with higher property values and a greater selection of luxury homes.
- The 02062 zip code offers a more affordable option for homebuyers, with a mix of older and newer homes, as well as a variety of community amenities.
- Property values in Franklin are influenced by factors such as proximity to schools, commute time, and access to local amenities like parks and shopping centers.
- Understanding the local real estate market and zip code-specific trends is crucial for making informed decisions when buying or selling a property in Franklin.
Understanding Franklin’s Zip Codes
Franklin has two primary zip codes: 02038 and 02062. The 02038 zip code encompasses the town’s central and eastern areas, including the downtown district, while the 02062 zip code covers the western and northern regions. Each zip code has its unique characteristics, advantages, and disadvantages, which can significantly impact property values and the overall quality of life.
02038 Zip Code: Luxury and Affluence
The 02038 zip code is generally considered the more affluent area of Franklin, with higher property values and a greater selection of luxury homes. This zip code includes the town’s historic district, with many beautifully restored colonial-era homes, as well as newer developments featuring upscale residences. The 02038 zip code is also home to Franklin’s downtown area, which offers a charming mix of shops, restaurants, and community events. According to data from the Norfolk County Registry of Deeds, the median sales price for single-family homes in the 02038 zip code is around 640,000, with some luxury properties reaching prices over 1 million.
| Zip Code | Median Sales Price | Average Property Size |
|---|---|---|
| 02038 | $640,000 | 0.75 acres |
| 02062 | $440,000 | 0.5 acres |
02062 Zip Code: Affordability and Community
The 02062 zip code offers a more affordable option for homebuyers, with a mix of older and newer homes, as well as a variety of community amenities. This zip code includes several parks, playgrounds, and open spaces, making it an attractive choice for families with young children. The 02062 zip code is also home to a range of local businesses, including restaurants, shops, and services, which contribute to the area’s strong sense of community. According to data from the Franklin Town Assessor’s office, the median sales price for single-family homes in the 02062 zip code is around $440,000, with some more affordable options available for first-time homebuyers.
Property Values and Market Trends
Property values in Franklin are influenced by a range of factors, including proximity to schools, commute time, and access to local amenities like parks and shopping centers. The town’s excellent school system, which includes several highly rated schools, is a major draw for families and can impact property values. Additionally, Franklin’s convenient commute to Boston, with several nearby train stations and highway access, makes it an attractive choice for professionals and commuters. According to data from the National Association of Realtors, the median sales price for single-family homes in Franklin has increased by approximately 10% over the past year, with a steady demand for properties in both the 02038 and 02062 zip codes.
Investing in Franklin Real Estate
For investors and homebuyers, understanding the local real estate market and zip code-specific trends is crucial for making informed decisions. Franklin’s strong school system, convenient commute, and high quality of life make it an attractive choice for families and professionals, which can drive up property values. However, the town’s relatively high property taxes and competitive market can also impact affordability. As a local expert, I recommend working with a knowledgeable real estate agent who can provide guidance on the local market and help you navigate the complexities of buying or selling a property in Franklin.
What are the most desirable neighborhoods in Franklin, MA?
+The most desirable neighborhoods in Franklin, MA, include the downtown area, the historic district, and the areas surrounding the town's highly rated schools. These neighborhoods offer a range of amenities, including parks, shops, and restaurants, and are highly sought after by families and professionals.
How do property taxes impact the affordability of homes in Franklin, MA?
+Property taxes in Franklin, MA, can impact the affordability of homes, particularly for first-time homebuyers or those on a fixed income. However, the town's excellent schools, convenient commute, and high quality of life can make the higher property taxes a worthwhile investment for many homeowners.
What are the benefits of working with a local real estate agent in Franklin, MA?
+Working with a local real estate agent in Franklin, MA, can provide valuable insights into the local market, including zip code-specific trends, neighborhood characteristics, and community amenities. A knowledgeable agent can help you navigate the complexities of buying or selling a property in Franklin and ensure a smooth transaction.
In conclusion, Franklin, MA, is a vibrant town with a rich history, excellent schools, and a strong sense of community. Understanding the secrets of Franklin’s zip codes, including the characteristics, advantages, and disadvantages of each area, is essential for making informed decisions when buying or selling a property. By working with a local real estate agent and staying up-to-date on market trends, you can navigate the complexities of the Franklin real estate market and find your dream home in this charming town.