Lynnfield, MA 01940 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lynnfield, MA—01940

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,048,000

1.8% YoY Growth

Household Income

$171,000

42.7% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$3,100

11.5% YoY Growth

1-Bed Rent

$3,030

1.1% YoY Growth

2-Bed Rent

$3,500

8.7% YoY Growth

3-Bed Rent

$4,300

1.8% YoY Growth

Home Price Trends — Lynnfield, MA

As of Dec '25, the median home price in Lynnfield, MA is $1,048,000, with a year-over-year change of 1.8%. This indicates that home prices in Lynnfield, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,048,000	1.8%
Single Family	$1,064,000	2.0%
Condos	$659,000	2.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lynnfield, MA

As of July '25, Rentcast reports the average rent in Lynnfield, MA is $3,310, with a year-over-year rent change of -11.5%. Per bedroom, the median rent as of July '25 in Lynnfield, MA is studios: $3,000, 1-bedrooms: $2,830, 2-bedrooms: $3,760, 3-bedrooms: $4,300, 4-bedrooms: $5,500. The most common rental property sizes in Lynnfield, MA are 1-bedroom and 2-bedroom, accounting for 38.2% and 32.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,100	$3,310
Studio Rent	$3,000	$3,000
1 Bed Rent	$3,030	$2,830
2 Bed Rent	$3,500	$3,760
3 Bed Rent	$4,300	$4,300
4 Bed Rent	$5,500	$5,500

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% of Rental Stock

Studio

8.0%

1 Bedroom

38.2%

2 Bedrooms

32.9%

3 Bedrooms

10.1%

4 Bedrooms

7.8%

5+ Bedrooms

3.0%

Property Listings — Lynnfield, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Lynnfield, MA is 30. This is a increase of 19.0% 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	$1,340,000	-20.0%
Listing Count	18	16.0%
Listings as % of Homes	0.2%	16.0%
Days on Market	50	-23.0%

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Demographics — Lynnfield, MA

As of the latest ACS Survey released in 2023, Lynnfield, MA has a population of 13,200, which has decreased by -2.2% over the past 5 years. Lynnfield, MA is a popular place for families, as children make up 26.9% of the population. The area has a highly educated workforce, with 61.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,200	-2.2%
% Under 18	26.9%	11.2%
% Seniors	18.8%	1.1%
% WFH	24.8%	239.7%
% w/ College Degree	61.2%	6.6%

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As of the latest ACS Survey released in 2023, Lynnfield, MA is a predominantly white area, with 81.4% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Lynnfield, MA is asian, making up 8.0% of the population. Foreign-born residents account for 11.6% of the population in Lynnfield, MA, and this percentage has increased by 43.2% 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	81.4%	-9.1%
% Black	1.4%	-17.6%
% Hispanic	4.1%	64.0%
% Asian	8.0%	66.7%
% Foreign Born	11.6%	43.2%

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Mortgage and Risk — Lynnfield, MA

According to HUD data as of 2023, there were 243 mortgage originations in Lynnfield, MA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Lynnfield, MA. Investor activity is low, as 1.0% 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	243
% Conventional Loans	95.0%
% Government Loans	5.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Lynnfield, MA

As of 2024, the percent of homes in Lynnfield, MA under the Section 8 program is 8.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lynnfield, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	61
Total Units Section 8	61
% Rentals under Section 8	8.0%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$480	$3,030	$2,550
2 Bedroom	-$480	$3,500	$3,020
3 Bedroom	-$660	$4,300	$3,640
4 Bedroom	-$1,500	$5,500	$4,000

Lynnfield, MA—01940

Key Metrics at a Glance

Home Price Trends — Lynnfield, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lynnfield, MA

% of Rental Stock

Property Listings — Lynnfield, MA

Demographics — Lynnfield, MA

Race and Ethnicity

Mortgage and Risk — Lynnfield, MA

Mortgages

Rentals and Section 8 — Lynnfield, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lynnfield, MA

Home Price to Income Ratio

Lynnfield, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Wakefield, MA

Peabody, MA

Reading, MA

North Reading, MA

Saugus, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$1,048,000
Median Household Income	$171,000

Lynnfield, MA—01940

Key Metrics at a Glance

Home Price Trends — Lynnfield, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lynnfield, MA

% of Rental Stock

Property Listings — Lynnfield, MA

Demographics — Lynnfield, MA

Race and Ethnicity

Mortgage and Risk — Lynnfield, MA

Mortgages

Rentals and Section 8 — Lynnfield, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lynnfield, MA

Home Price to Income Ratio

Lynnfield, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Wakefield, MA

Peabody, MA

Reading, MA

North Reading, MA

Saugus, MA

Frequently Asked Questions

What is the average home price in Lynnfield, MA 01940?

How have home prices in Lynnfield, MA 01940 changed over the past year?

What is the home price projection for Lynnfield, MA 01940?

What are the demographics of Lynnfield, MA 01940?

How long does it take homes to sell in Lynnfield, MA 01940?

What is the average rent price in Lynnfield, MA 01940?