Rental numbers for Franklin County, MA
The typical home here runs -$1,177 a month at 7.78% with 25% down, breaking even at about 0.5%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.4%.
- Gross yield
- 6.7%
- typical home, Zillow
- Median ZIP yield
- 8.4%
- 1 ZIPs with full data
- Cash flow
- -$1,177/mo
- at 7.78%, 25% down
- Typical price
- $374,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,070/mo
- Zillow ZORI, Aug 2026
ZIP codes in Franklin County
27 with published figures
| 01346Heath | $174,000 | $1,680* | 11.6% | 6.3% | -$24 | n/a |
| 01375Sunderland | $489,000 | $3,420 | 8.4% | 4.6% | -$765 | n/a |
| 01072Shutesbury | $435,000 | $2,550* | 7.0% | 2.7% | -$1,360 | n/a |
| 01379Wendell | $321,000 | $1,880* | 7.0% | 2.8% | -$975 | n/a |
| 01349Wendell | $337,000 | $1,850* | 6.6% | 2.8% | -$1,030 | n/a |
| 01341Conway | $472,000 | $2,580* | 6.6% | 2.7% | -$1,466 | n/a |
| 01039Whately | $464,000 | $2,520* | 6.5% | 2.9% | -$1,363 | n/a |
| 01301Greenfield | $340,000 | $1,820* | 6.4% | 2.1% | -$1,247 | n/a |
| 01342Deerfield | $462,000 | $2,460* | 6.4% | 3.0% | -$1,338 | n/a |
| 01354Gill | $374,000 | $1,980* | 6.4% | 2.6% | -$1,203 | n/a |
| 01351Montague | $402,000 | $2,120* | 6.3% | 2.3% | -$1,408 | n/a |
| 01376Turners Falls | $332,000 | $1,750* | 6.3% | 2.3% | -$1,153 | n/a |
| 01340Colrain | $328,000 | $1,690* | 6.2% | 2.1% | -$1,197 | n/a |
| 01360Northfield | $376,000 | $1,930* | 6.2% | 2.5% | -$1,252 | n/a |
| 01339Hawley | $345,000 | $1,670* | 5.8% | 2.0% | -$1,277 | n/a |
| 01378Warwick | $344,000 | $1,650* | 5.8% | 2.0% | -$1,274 | n/a |
| 01337Bernardston | $390,000 | $1,800* | 5.5% | 1.8% | -$1,503 | n/a |
| 01364Orange | $326,000 | $1,450* | 5.3% | 1.2% | -$1,428 | n/a |
| 01338Buckland | $375,000 | $1,640* | 5.3% | 1.4% | -$1,584 | n/a |
| 01054Leverett | $526,000 | $2,290* | 5.2% | 1.5% | -$2,163 | n/a |
| 01344Erving | $340,000 | $1,470* | 5.2% | 2.1% | -$1,238 | n/a |
| 01093Whately | $507,000 | $2,170* | 5.1% | 1.9% | -$1,929 | n/a |
| 01367Rowe | $358,000 | $1,510* | 5.1% | 2.1% | -$1,288 | n/a |
| 01355New Salem | $409,000 | $1,690* | 5.0% | 1.5% | -$1,691 | n/a |
| 01373South Deerfield | $465,000 | $1,900* | 4.9% | 1.3% | -$1,995 | n/a |
| 01370Shelburne | $416,000 | $1,680* | 4.8% | 1.3% | -$1,798 | n/a |
| 01330Ashfield | $429,000 | $1,420* | 4.0% | 0.6% | -$2,106 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.6%
- Rent, 12 months
- +7.1%
- Rent minus price growth
- +5.5 pts
- Property tax
- 1.44%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $295,170 | n/a |
| Aug 2022 | $327,490 | n/a |
| Aug 2023 | $337,514 | n/a |
| Aug 2024 | $361,541 | n/a |
| Aug 2025 | $367,874 | $1,933 |
| Aug 2026 | $373,782 | $2,070 |
HUD Fair Market Rent
FY2027, Franklin County, MA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,311 | $1,439 | $1,882 | $2,242 | $2,473 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 2.0
- 63 units, last 12 months
- National percentile
- 26th
- among US counties
Tools
Test a listing in Franklin County against today's rate.
Open the calculatorPart of the Springfield, MA metro.
Questions
- Is Franklin County good for rental property?
- The typical home here runs -$1,177 a month at 7.78% with 25% down, breaking even at about 0.5%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Franklin County?
- About 1.44% of value, from Census ACS median taxes paid over median home value. On a $374,000 home that is about $5,364 a year.
- What is Fair Market Rent in Franklin County?
- HUD's FY2027 Fair Market Rent here is $1,439 for a 1-bedroom, $1,882 for a 2-bedroom and $2,242 for a 3-bedroom. Typical cash flow at today's rate is -$1,177 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.