ZIP Code 02038
standardSource:
Franklin · Norfolk County · Massachusetts
- Population
- 31,635
- Median income
- $145,773
- Median home value
- $611,700
- Bachelor's or higher
- 58.1%
- Land area
- 69.0 sq mi
459/sq mi
▲ 91% vs US
higher than 96% of US ZIPs
▲ 120% vs US
higher than 91% of US ZIPs
Median age 41.3
New York
ZIP code 02038 in Franklin, Massachusetts has a population of 31,635. The median household income is $145,773, which is 91% above the national average. Median home value is $611,700, 120% above the US average. 58.1% of residents hold a bachelor's degree or higher.
ZIP code 02038 is classified by USPS as a standard delivery area and covers roughly 69.0 square miles in Franklin, Norfolk County, Massachusetts. The area is home to 31,635 residents, producing a population density of 459 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 02038 against Massachusetts and the nation.
On the economic side, the median household income for ZIP 02038 sits at $145,773 (26% above the Massachusetts average), while per-capita income is $65,125. The poverty rate stands at 5.9% and the unemployment rate at 5.2%. On housing, the median home value is $611,700 (2% above the state average) with median rent at $1,899 per month, and 78.2% of occupied units are owner-occupied, a direct signal of whether 02038 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 58.1% of adults hold a bachelor's degree or higher, the median age is 41.3, and the average commute is 33 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Norfolk County, so you can benchmark 02038 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 02038
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 02038.
- Construction
Construction
128 establishments
- Retail trade
Retail trade
106 establishments
- Health care and social assistance
Health care and social assistance
101 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
98 establishments
- Other services (except public administration)
Other services (except public administration)
81 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 02038, Franklin, MA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
31,635
Population
69.0
Area (sq mi)
459
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 02038?
41.3
Median Age
48.2%
Male
51.8%
Female
10.3%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$145,773
Median Household Income
+26% vs state
$65,125
Per Capita Income
5.9%
Poverty Rate
5.2%
Unemployment Rate
32.5 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
13,011
Total Housing Units
12,370
Occupied Units
641
Vacant Units
2.58
Avg Household Size
Occupancy Type
$611,700
Median Home Value
+2% vs state
$1,899
Median Rent
1985
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+6.0%
YoY Change (2024)
257
HPI Index (2000 = 100)
+157%
Total Change Since 2000
Home values in ZIP 02038 have increased 6.0% over the past year (2024). Since 2000, this ZIP has seen +157% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.2% | 177 |
| 2021 | +10.3% | 195 |
| 2022 | +13.0% | 220 |
| 2023 | +10.0% | 243 |
| 2024 | +6.0% | 257 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 911 business establishments in ZIP 02038, employing approximately 15,772 people with a combined annual payroll of $991,642,000.
911
Businesses
15,772
Employees
$991.6M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 128 | 14.1% |
| Retail trade | 106 | 11.6% |
| Health care and social assistance | 101 | 11.1% |
| Professional, scientific, and technical services | 98 | 10.8% |
| Other services (except public administration) | 81 | 8.9% |
| Accommodation and food services | 68 | 7.5% |
| Administrative and support and waste management and remediation services | 64 | 7.0% |
| Wholesale trade | 48 | 5.3% |
| Real estate and rental and leasing | 46 | 5.0% |
| Finance and insurance | 43 | 4.7% |
| Manufacturing | 39 | 4.3% |
| Transportation and warehousing | 27 | 3.0% |
| Educational services | 23 | 2.5% |
| Arts, entertainment, and recreation | 17 | 1.9% |
| Information | 15 | 1.6% |
| Management of companies and enterprises | 5 | 0.6% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 02038 vs 02019 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 02019 | Bellingham, MA | 16,332 | 3.3 mi |
| 02053 | Medway, MA | 12,752 | 4.7 mi |
| 02093 | Wrentham, MA | 10,955 | 3.8 mi |
| 02056 | Norfolk, MA | 10,981 | 4.7 mi |
| 02864 | Cumberland, RI | 33,396 | 8.0 mi |
| 02054 | Millis, MA | 7,891 | 6.3 mi |
| 01746 | Holliston, MA | 13,547 | 7.9 mi |
| 02762 | Plainville, MA | 8,264 | 6.3 mi |
| 01756 | Mendon, MA | 5,839 | 7.2 mi |
| 02071 | South Walpole, MA | 1,707 | 7.2 mi |
More ZIP Codes in Norfolk County
Related Areas
Frequently Asked Questions
What county is ZIP code 02038 in? ▼
What is the population of ZIP code 02038? ▼
What is the median household income in ZIP 02038? ▼
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What is the demographic makeup of ZIP 02038? ▼
How many businesses are in ZIP code 02038? ▼
What are the main industries in ZIP code 02038? ▼
How have home values changed in ZIP code 02038? ▼
What is the education level in ZIP code 02038? ▼
What is the average commute time in ZIP 02038? ▼
What percentage of residents own vs. rent in ZIP 02038? ▼
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ZIP Code Research Guides
Official Data Resources for Franklin, MA
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.