NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Massachusetts – and Franklin is in the top 10.
As renting becomes less affordable, NerdWallet wanted to give potential homebuyers a look at the current housing market. NerdWallet based its rankings on the following criteria:
- Homeownership rate
- Selected monthly homeowner costs
- Monthly household income
- Population growth
NerdWallet ranked Franklin as the second best place in Massachusetts for homeownership. The area has a homeownership rate of 79.3 percent, and median monthly homeowner costs are $2,366. Franklin grew by 2.4 percent between 2010 and 2012.
Other cities that made the top ten include Reading and Methuen. Read the full study online.
For more information about NerdWallet, visit www.nerdwallet.com.
Saturday, March 1, 2014
Franklin Named No. 2 Place for Homeownership in Massachusetts
After a string of Number 1 announcements, Franklin makes the Number 2 spot on this listing... still a worthy one!
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