ZIP Code · MA

ZIP 01702

Part of Framingham, MA

Pop. 39,789·Middlesex County·134th most expensive ZIP in Massachusetts

Median rent (all units)

$2,221/mo

Year-over-Year

-3.1%

Month-over-Month

+0.4%

vs US Median

+$289

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 01702 · $2,221

More expensive than 71% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,130

1 BR

$2,230

2 BR

$2,650

3 BR

$3,180

4 BR+

$3,510

Research median

$2,650/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 01702 usually run 0.5% below trend in November and 1% above it in June, about $33 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 01702 is 4% below its high of $2,313 in April 2025, at $2,221 as of September 2026.

Past year vs. the rest of Massachusetts

Rent in ZIP 01702 changed -3.1% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 4 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($82,496) is $2,062 a month. That is less than HUD's Fair Market Rent for a studio ($2,130).

From Zillow's monthly rent index (ZORI) for ZIP 01702. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,652/yr

At $2,221/mo median

Location

CityFramingham

StateMA

CountyMiddlesex County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 3.1% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-3.1% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 01702 (Framingham, MA) is majority renter-occupied, 36.8% of residents hold a bachelor's degree or higher.

Population

39,789

Median income

$82,496

Median age

34.8

Renters

65.5%

Age distribution

23.3%

27%

27.7%

Under 1823.3%

18–3427%

35–5427.7%

55–6410.5%

65+11.5%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

39.8%

25%

21.2%

White39.8%

Black7.1%

Hispanic25%

Asian6.9%

Other21.2%

Education (25+)

19.3%

26.2%

17.6%

36.8%

No HS diploma19.3%

HS diploma26.2%

Some college17.6%

Bachelor's+36.8%

Housing tenure

34.5%

65.5%

Owner34.5%

Renter65.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 01702 in Framingham, MA has changed in 5 years

Rent

$1,772 → $2,221

up 25.3%

Income

$71,602 → $82,496

up 15.2%

Population

38,842 → 39,789

up 2.4%

Renter share

65.2% → 65.5%

+0.3 pts

Bachelor's+

39.9% → 36.8%

-3.1 pts

Compared with 2021, rent in ZIP 01702 in Framingham, MA has climbed by $449 per month, settling near $2,221 after starting the period at $1,772. On the earnings side, the typical household in ZIP 01702 in Framingham, MA now reports about $82,496, up from $71,602 in 2021. Rent outpaced income growth by roughly 10.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 38,842 to 39,789 between 2021 and 2024, a 2.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 39.9% to 36.8%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 01702 in Framingham, MA reflects that arc in its own way.

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About renting in ZIP 01702

Last updated: October 17, 2026

ZIP code 01702 covers Framingham, MA. The median rent here is $2,221/mo as of October 2026. A 1-bedroom rents for a median of $2,230/mo. A 2-bedroom rents for a median of $2,650/mo.

At 32% of local median household income ($82,496/yr), ZIP 01702 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01702?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,221/mo in ZIP 01702. The local median household income is $82,496/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 01702?

Rent in ZIP 01702 has fallen 3.1% over the past year as of September 2026. It sits 4% below its high of $2,313 in April 2025.

When is the cheapest time to rent in ZIP 01702?

Asking rents in ZIP 01702 are usually lowest in November, about 0.5% below their yearly trend, and highest in June, about 1% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 01702 compare to other ZIPs in Massachusetts?

ZIP 01702 is one of the more affordable among Massachusetts ZIP codes for rent, ranking #134 of 164 at $2,221/mo. Over the year to September 2026, rent in ZIP 01702 changed -3.1%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.