Lynn, MA—01905
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 $569,000, with a year-over-year change of 2.1%. This indicates that home prices in Lynn, MA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $569,000 | 2.1% |
| Single Family | $582,000 | 1.6% |
| Condos | $407,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $311,000 | 2.0% |
2 Bed | $476,000 | 1.7% |
3 Bed | $581,000 | 1.6% |
4 Bed | $622,000 | 1.3% |
| 5 Bed | $701,000 | 1.2% |
% of Housing Stock
Rental Trends — Lynn, MA
As of July '25, Rentcast reports the average rent in Lynn, MA is $2,490, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Lynn, MA is studios: $1,690, 1-bedrooms: $2,170, 2-bedrooms: $2,570, 3-bedrooms: $2,910, 4-bedrooms: $3,350. The most common rental property sizes in Lynn, MA are 2-bedroom and 3-bedroom, accounting for 40.5% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,470 | $2,490 |
| Studio Rent | $1,500 | $1,690 |
| 1 Bed Rent | $2,200 | $2,170 |
| 2 Bed Rent | $2,700 | $2,570 |
| 3 Bed Rent | $3,000 | $2,910 |
| 4 Bed Rent | $3,200 | $3,350 |
% 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 47. This is a increase of 247.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $560,000 | 25.0% |
Listing Count | 22 | 49.0% |
| Listings as % of Homes | 0.1% | 49.0% |
Days on Market | 47 | 247.0% |
Demographics — Lynn, MA
As of the latest ACS Survey released in 2023, Lynn, MA has a population of 27,200, which has increased by 6.8% over the past 5 years. Lynn, MA is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,200 | 6.8% |
% Under 18 | 25.7% | -0.4% |
% Seniors | 10.7% | 10.3% |
% WFH | 5.6% | -5.1% |
% w/ College Degree | 20.6% | 26.4% |
As of the latest ACS Survey released in 2023, Lynn, MA is a predominantly hispanic area, with 40.3% of the population identifying as hispanic. The hispanic population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Lynn, MA is white, making up 35.2% of the population. Foreign-born residents account for 32.8% of the population in Lynn, MA, and this percentage has decreased by 14.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 35.2% | 6.0% |
% Black | 14.7% | 8.9% |
% Hispanic | 40.3% | -3.6% |
% Asian | 7.1% | -29.7% |
% Foreign Born | 32.8% | -14.1% |
Mortgage and Risk — Lynn, MA
According to HUD data as of 2023, there were 248 mortgage originations in Lynn, MA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Lynn, MA. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 248 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Lynn, MA
As of 2024, the percent of homes in Lynn, MA under the Section 8 program is 26.6%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lynn, MA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,459 |
Total Units Section 8 | 1,179 |
% Rentals under Section 8 | 26.6% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $2,200 | $2,140 |
| 2 Bedroom | -$150 | $2,700 | $2,550 |
| 3 Bedroom | $80 | $3,000 | $3,080 |
| 4 Bedroom | $190 | $3,200 | $3,390 |
Affordability — Lynn, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $569,000 |
| Median Household Income | $84,300 |