DSCR loans in Framingham, MA

Framingham rents, values and tenants

Citywide, Framingham renters pay a median $2,033 in gross rent (rent plus utilities), about 15% above the Massachusetts median of $1,762, and owner-occupied homes have a median value of $627,300, about 12% above the Massachusetts median of $562,100. Annual median rent is about 3.9% of the median home value in Framingham. That is a thin gross ratio, which tells you purchase prices are high relative to rent, but it blends every housing type, so a house on a specific street needs its own rent comparables.

The renter share is 45.2% in Framingham, about 21% above the Massachusetts median of 37%, a sizable rental market. Incomes matter for rent growth: the median household earns $107,419, close to the Massachusetts median of $103,960, and 53% of renters are already cost-burdened at 30 percent of income or more.

The kind of housing in Framingham

Apartments and small buildings carry real weight in Framingham, about 43% of units, with duplexes through fourplexes at 11%. Homes here date to 1966 at the median, which is old enough to need system replacement but modern enough to avoid the worst surprises.

Framingham reports 4% of units vacant and a rental vacancy rate of 3.5%, a measure of how quickly a listed unit might lease.

Investor takeaways for Framingham

Framingham's 3.9% rent-to-value ratio is on the lean side, so expect lenders to ask for more cash down on a typical single-family purchase and to scrutinize insurance and tax estimates closely. Mid-aged stock (median built 1966) means many roofs and HVAC units are near the end of their lives, so ask for installation dates. A 45% renter share is large enough to keep units leased, so location relative to jobs and schools drives rent more than the market as a whole.

Taxes, insurance and hazards in Framingham

In Framingham the median tax bill for an owner-occupied home is $6,884, or about 1.10% of value (Massachusetts overall: 1.07%). That bill is about 15% above the Massachusetts median of $5,992. That is about 28% of a year of median rent gone to taxes before the loan is even counted.

County-level hazard data from FEMA (National Risk Index 1.20) shows Middlesex County with relatively high overall risk and ice storms (very high), riverine flooding (relatively high) and lightning (relatively high) at the top of the list.

Flood risk in Framingham is parcel by parcel: check the address on FEMA's flood map service, because a mapped high-risk zone means required flood cover and a heavier payment.

What the Framingham medians allow

Take the median rent ($2,033), subtract median taxes spread over twelve months ($574), and you have $1,459 of room at a 1.00 ratio. A lender asking for 1.25 cuts that to $1,053. Real quotes for the address decide the rest.

Landlord and short-term rental rules in Framingham

Before you underwrite a Framingham rental, confirm with city hall and Middlesex County whether landlords must register, pass an inspection or hold a permit, especially for stays under 30 days, because those rules can change what income a lender will count. Nightly stays carry state tax in Massachusetts. Massachusetts has required short-term rental operators to register with the Department of Revenue since July 1, 2019, and applies the room occupancy excise to rentals of 31 days or less, with local taxes and fees added where a city or town has adopted them.

After move-out, the Framingham owner has 30 days to return the deposit or account for deductions. For Framingham rent levels, note that rent control is prohibited statewide by the massachusetts rent control prohibition act (c. 40p), which bars rent-control schemes except voluntary ones.

Framingham next to nearby cities

Worcester's median home value of $374,400 is the group's floor and Cambridge's $1,092,100 its ceiling, while Framingham is $627,300.

Tenants, jobs and anchors in Framingham

The self-employed share of the workforce is 11.8%, and those owners tend to be exactly the buyers DSCR financing was built for. Other workforce markers: government workers are about 11% of employment, 49% of adults hold a bachelor's degree or higher and 24% of commuters travel 45 minutes or more.

Colleges tied to Framingham include Framingham State University and Massachusetts Bay Community College, and campus-adjacent streets often rent to students and staff on a school-year rhythm. Framingham offers air service through Logan International Airport and Worcester Regional Airport, details that affect commute times and how easily a distant investor can inspect a property.

Putting a Framingham file together

Ready to test a Framingham deal? Use the calculator for the ratio, then start your application or send us the scenario.

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Sources

• U.S. Census Bureau data for Framingham
• FEMA county hazard table
• Wikipedia article, Framingham, Massachusetts
• Framingham landlords: see M.G.L. c. 186, § 15B(1)(b), (1)(d), (2), (3), (4), (5)
• Mass.gov TIR 19-3
• Massachusetts tax source: Room occupancy excise

Census figures are 2020 to 2024 ACS five-year estimates for Framingham and carry margins of error. RedFlagLease (CC BY 4.0) supplies the Massachusetts landlord-tenant notes, and the statutes are linked. Facts were checked in October 2026, and rules change.

Quick file checklist

Before you commit on a Framingham deal, confirm the rent with the lease or a market estimate, price the insurance for the exact address, and check how the taxes may change after the sale, so the ratio you run matches the one the lender calculates.

DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.