Lynn, MA—01902
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lynn, MA
As of Oct '25, the median home price in Lynn, MA is $530,000, with a year-over-year change of 1.9%. This indicates that home prices in Lynn, MA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $530,000 | 1.9% |
| Single Family | $567,000 | 1.4% |
| Condos | $340,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $283,000 | -1.4% |
2 Bed | $420,000 | -0.2% |
3 Bed | $554,000 | 1.5% |
4 Bed | $605,000 | 1.7% |
| 5 Bed | $755,000 | 3.4% |
% of Housing Stock
Rental Trends — Lynn, MA
As of July '25, Rentcast reports the average rent in Lynn, MA is $2,420, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Lynn, MA is studios: $1,870, 1-bedrooms: $2,080, 2-bedrooms: $2,320, 3-bedrooms: $3,000, 4-bedrooms: $3,760. The most common rental property sizes in Lynn, MA are 2-bedroom and 1-bedroom, accounting for 38.9% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,420 |
| Studio Rent | $1,900 | $1,870 |
| 1 Bed Rent | $2,100 | $2,080 |
| 2 Bed Rent | $2,300 | $2,320 |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | $3,800 | $3,760 |
% of Rental Stock
Property Listings — Lynn, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lynn, MA is 36. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | 5.0% |
Listing Count | 53 | 78.0% |
| Listings as % of Homes | 0.1% | 78.0% |
Days on Market | 36 | 3.0% |
Demographics — Lynn, MA
As of the latest ACS Survey released in 2023, Lynn, MA has a population of 51,700, which has increased by 5.1% over the past 5 years. Lynn, MA is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,700 | 5.1% |
% Under 18 | 25.0% | 2.5% |
% Seniors | 14.0% | 22.8% |
% WFH | 6.9% | 19.0% |
% w/ College Degree | 20.4% | 22.2% |
As of the latest ACS Survey released in 2023, Lynn, MA is a predominantly hispanic area, with 49.9% of the population identifying as hispanic. The hispanic population has grown by 5.9% in the last 5 years. The second most common race or ethnicity in Lynn, MA is white, making up 26.7% of the population. Foreign-born residents account for 41.5% of the population in Lynn, MA, and this percentage has increased by 3.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.7% | -6.3% |
% Black | 13.5% | -16.7% |
% Hispanic | 49.9% | 5.9% |
% Asian | 5.8% | -27.5% |
% Foreign Born | 41.5% | 3.7% |
Mortgage and Risk — Lynn, MA
According to HUD data as of 2023, there were 454 mortgage originations in Lynn, MA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Lynn, MA. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 454 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lynn, MA
As of 2024, the percent of homes in Lynn, MA under the Section 8 program is 26.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lynn, MA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3,296 |
Total Units Section 8 | 3,066 |
% Rentals under Section 8 | 26.4% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $2,100 | $2,140 |
| 2 Bedroom | $250 | $2,300 | $2,550 |
| 3 Bedroom | $80 | $3,000 | $3,080 |
| 4 Bedroom | -$410 | $3,800 | $3,390 |
Affordability — Lynn, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $530,000 |
| Median Household Income | $66,800 |