HomeMassachusettsNorfolk CountyFranklin Town
Franklin Town, Massachusetts: commercial real estate data.
Franklin Town is a Census city of 33,154 people across 26.64 square miles of land, in Norfolk County. Median household income is $145,773, 78.2 percent of occupied homes are owned, and the SBA record carries 67 7(a) approvals to borrowers here worth $11.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Franklin Town
What Franklin Town is
- Census place typecity
- Land area26.64 sq mi
- Water area0.39 sq mi
- Population per square mile of land1,245
- County holding the largest share of its areaNorfolk County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Town
How many people live in Franklin Town
- Population33,154
- Median age41.3
- Population under 187,000
- Share under 1821.1 percent
- Population 65 and over4,872
- Share 65 and over14.7 percent
- Households12,370
- Family households9,088
- Share of households that are families73.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Town
Income and work in Franklin Town
- Median household income$145,773
- Per capita income$65,125
- Civilian labor force19,389
- Employed18,386
- Unemployed1,003 plus or minus 322
- Unemployment rate5.2 percent plus or minus 1.7
- Adults 25 and over22,567
- Adults 25 and over with a high school diploma or higher97.6 percent
- Adults 25 and over with a bachelor degree or higher58.1 percent
- Adults 25 and over with a graduate degree24.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Town
Housing in Franklin Town
- Housing units13,011
- Occupied units12,370
- Vacant units641 plus or minus 183
- Vacancy rate4.9 percent plus or minus 1.4
- Owner occupied9,671
- Renter occupied2,699
- Ownership rate78.2 percent
- Median owner-occupied home value$611,700
- Median gross rent, monthly$1,899
- Annual rent as a share of median income15.6 percent
- Single family units9,416
- Share single family72.4 percent
- Units in buildings of two or more3,558
- Share in buildings of two or more27.3 percent
- Mobile homes27 plus or minus 32
- Median year structure built1985
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Town
How Franklin Town gets to work
- Workers 16 and over who commute13,986
- Commuting under 15 minutes3,365
- Share commuting under 15 minutes24.1 percent
- Commuting 30 minutes or more7,462
- Share commuting 30 minutes or more53.4 percent
- Drove alone67.7 percent
- Carpooled3.9 percent plus or minus 1.2
- Public transport3.0 percent plus or minus 0.9
- Walked1.7 percent plus or minus 0.6
- Worked from home22.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Town
SBA loans in Franklin Town (7(a))
- Approvals67
- Gross approval$11,367,700
- Average approval$169,667
- Median approval$63,000
- Ninetieth percentile approval$470,000
- Largest approval$1,163,000
- Jobs supported497
- Jobs per approval7.4
- Loans with a final outcome20
- Paid in full19
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises10.4 percent
- Distinct lenders22
- Distinct industries by NAICS34
Counted by borrower city: approvals to borrowers whose address is in Franklin Town, in any county, FY2020 to FY2026. Only 20 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin Town
SBA loans in Franklin Town (504)
- Approvals17
- Gross approval$13,306,000
- Average approval$782,706
- Median approval$392,000
- Largest approval$3,361,000
- Jobs supported121
- Loans with a final outcome3
- Charged off0
- Median term300 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Franklin Town, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Franklin Town
Flood risk in Franklin Town
- NFIP communityTown of Franklin
- NFIP community number250240
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/08/25
The Town of Franklin participates in the National Flood Insurance Program as community 250240 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Norfolk County, not Franklin Town
Norfolk County context, not Franklin Town figures
- Establishments in Norfolk County20,745
- Covered employment, Norfolk County346,327
- Average annual pay, Norfolk County$84,497
- Housing units permitted, Norfolk County1,224
Every figure in this section is published for Norfolk County as a whole and is not a measurement of Franklin Town.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Franklin Town questions, answered from the record.
How many people live in Franklin Town, Massachusetts?
33,154, in 12,370 households. Franklin Town city covers 26.64 square miles of land, which is 1,245 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Franklin Town in?
Norfolk County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Franklin Town?
$145,773. The median owner-occupied home is valued at $611,700. Median gross rent is $1,899 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Franklin Town businesses?
67 7(a) approvals totaling $11.4 m since FY2020, across 22 lenders, median approval $63,000, plus 17 504 approvals worth $13.3 m since FY2010. These count approvals to borrowers whose address is in Franklin Town, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Franklin Town borrowers get paid back?
No rate is published for Franklin Town. Only 20 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Franklin Town in the National Flood Insurance Program?
Yes. Franklin Town appears in the FEMA Community Status Book as Franklin, town of, community 250240, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Franklin Town figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Norfolk County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Franklin Town.
Is zoning published for Franklin Town?
No. Nothing on this page presents parcel level zoning.