RentDataNowRentDataNow
ZIP Code · MA

ZIP 02038

Part of Franklin, MA
Pop. 33,154·Norfolk County·102nd most expensive ZIP in Massachusetts
Median rent (all units)
$2,631/mo
Year-over-Year
+4.7%
Month-over-Month
Stable
vs US Median
+$666
Stable (Monthly)
Be the first to discuss 02038 rents ↓
Most AffordableMost Expensive
ZIP 02038 · $2,631
More expensive than 82% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$2,040
1 BR
$2,160
2 BR
$2,560
3 BR
$3,080
4 BR+
$3,390
Research median
$2,560/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$31,572/yr
At $2,631/mo median
Location
StateMA
CountyNorfolk County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.7% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 02038 (Franklin, MA) is majority owner-occupied, has a median income above the national average, 58.1% of residents hold a bachelor's degree or higher.

Population
33,154
Median income
$145,773
Median age
41.3
Renters
21.8%
Age distribution
21.1%
21.4%
28.1%
14.7%
14.7%
Under 1821.1%
18–3421.4%
35–5428.1%
55–6414.7%
65+14.7%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
83.9%
White83.9%
Black2.1%
Hispanic5.3%
Asian6.1%
Other2.6%
Education (25+)
16.4%
23.2%
58.1%
No HS diploma2.4%
HS diploma16.4%
Some college23.2%
Bachelor's+58.1%
Housing tenure
78.2%
21.8%
Owner78.2%
Renter21.8%

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

2021 vs 2026

How ZIP 02038 in Franklin, MA has changed in 5 years

Income
$127,608 → $145,773
up 14.2%
Population
33,057 → 33,154
up 0.3%
Renter share
20% → 21.8%
+1.8 pts
Bachelor's+
54.7% → 58.1%
+3.4 pts

Census figures show median household income at $145,773 today, compared with $127,608 five years earlier. About 21.8% of households rent today, against 20% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 54.7% to 58.1%.

Community

Discussions about ZIP 02038

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 02038

About renting in ZIP 02038

Last updated: July 20, 2026

ZIP code 02038 covers Franklin, MA. The median rent here is $2,631/mo as of July 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,560/mo.

At 22% of local median household income ($145,773/yr), ZIP 02038 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02038?

As of July 20, 2026, the median monthly rent in ZIP 02038 (Franklin, MA) is $2,631. This is based on aggregated data from public sources and community submissions.

How does ZIP 02038 rent compare to the US average?

ZIP 02038's median rent of $2,631/mo is $666 (34%) above the US national median of $1,965/mo.

How does ZIP 02038 compare to other ZIPs in Massachusetts?

ZIP 02038 falls in the middle range for Massachusetts, ranking #102 out of 168 ZIPs at $2,631/mo.

How much income do you need to rent in ZIP 02038?

To keep rent at or below 30% of gross income, you would need to earn at least $105,000/year (~$50/hour full-time) to afford the median rent of $2,631/mo in ZIP 02038. The local median household income is $145,773/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 02038?

Rent in ZIP 02038 has increased 4.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02038 an affordable place to rent?

ZIP 02038 is considered very affordable for renters. At $2,631/mo, rent takes approximately 22% of the local median household income ($145,773/yr). The standard benchmark is 30%. ZIP 02038 falls comfortably within that range.

What percentage of ZIP 02038 residents rent vs. own?

According to Census data, approximately 21.8% of ZIP 02038 households are renters, while 78.2% are owner-occupied. ZIP 02038 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 02038 compare to the rest of Franklin?

ZIP 02038 sits right at the Franklin citywide median of $2,631/mo.

When was rent data for ZIP 02038 last updated?

Rent data for ZIP 02038 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $2,631/mo, rent takes ~22% of ZIP 02038's median household income ($145,773/yr). The standard benchmark is 30%.

ZIP 02038 22%Benchmark 30%
State income tax5%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 02038 (Franklin, MA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.