Lynnfield, MA—01940
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lynnfield, MA
As of Oct '25, the median home price in Lynnfield, MA is $1,061,000, with a year-over-year change of 1.6%. This indicates that home prices in Lynnfield, MA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,061,000 | 1.6% |
| Single Family | $1,077,000 | 1.8% |
| Condos | $669,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $759,000 | 1.7% |
3 Bed | $950,000 | 1.2% |
4 Bed | $1,254,000 | 2.3% |
| 5 Bed | $1,457,000 | 2.5% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lynnfield, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lynnfield, MA is 27. This is a increase of 56.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,120,000 | -5.0% |
Listing Count | 24 | 9.0% |
| Listings as % of Homes | 0.2% | 9.0% |
Days on Market | 27 | 56.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lynnfield, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $1,061,000 |
| Median Household Income | $171,000 |