Framingham, MA
Maps & Population Facts
Population
71,232
Population Density
2,844
Labor Participaton
71.7%
Bachelor's or Higher
47.1%
Median Household Income
$73,182
Median Individual Income
$36,830
Median Individual Income(Full-time Workers Only)
$59,349
Housing Estimates
Median House Value
$371,200
Median Gross Rent
$1,289
Median Mortgage Payment
$2,239
Housing Units
28,841
People who reside in Framingham live in:
Detached - Single Family Homes
51%
Apt, Condo, Other
49%
Analysis
Income
Households in Framingham earn significantly more money than the national median income, averaging 21% higher per household.
Housing
Framingham has a median house price of $371,200. The cost of homeownership is higher than most areas. The cost of renting in Framingham is 27% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 4% |
Demographics
The median age in Framingham is 38. The age of the general population in Framingham is comparable with with the national average.
Framingham ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Framingham | Massachusetts | USA | |
| Median Property Value | 371,200 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,239 | 2,108 | 1,513 |
| Median Gross Rent | 1,289 | 1,208 | 1,012 |
| Property Vacancy | 3.7% | 10.0% | 12.6% |
| % Renters | 46% | 38% | 36% |
| Residents per Sq. Mi. | 2,844 | 885 | 93 |
Personal Comparison
| Framingham | Massachusetts | USA | |
| Median Household Income | 73,182 | 77,385 | 60,336 |
| Median Individual Income | 36,830 | 41,700 | 33,646 |
| Median Income (Full-Time) | 59,349 | 60,923 | 46,881 |
| Median Age | 38.4 | 39.5 | 38.1 |
| Labor Participation | 71.7% | 67.8% | 62.8% |
| Attained College Degree | 47.1% | 43.4% | 32.0% |
Population Density Analysis
Framingham, MA
2,844
Residents per Sq. Mile
The population density of Framingham is comparable to that of a Small City.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +