Lynn, MA—01904
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lynn, MA
As of Nov '25, the median home price in Lynn, MA is $611,000, with a year-over-year change of 1.7%. This indicates that home prices in Lynn, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $611,000 | 1.7% |
| Single Family | $619,000 | 1.5% |
| Condos | $394,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $320,000 | 1.3% |
2 Bed | $538,000 | 1.9% |
3 Bed | $619,000 | 1.5% |
4 Bed | $687,000 | 1.3% |
| 5 Bed | $752,359 | 1.0% |
% of Housing Stock
Rental Trends — Lynn, MA
As of July '25, Rentcast reports the average rent in Lynn, MA is $2,610, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in Lynn, MA is 1-bedrooms: $1,990, 2-bedrooms: $2,730, 3-bedrooms: $3,150, 4-bedrooms: $4,000. The most common rental property sizes in Lynn, MA are 2-bedroom and 1-bedroom, accounting for 52.0% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $2,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,020 | $1,990 |
| 2 Bed Rent | $2,700 | $2,730 |
| 3 Bed Rent | $2,800 | $3,150 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Lynn, MA
As of Nov '25, Realtor.com reports that the median days on market for a home in Lynn, MA is 38. This is a increase of 172.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $640,000 | 3.0% |
Listing Count | 28 | 95.0% |
| Listings as % of Homes | 0.2% | 95.0% |
Days on Market | 38 | 172.0% |
Demographics — Lynn, MA
As of the latest ACS Survey released in 2023, Lynn, MA has a population of 20,100, which has increased by 17.3% over the past 5 years. Lynn, MA is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | 17.3% |
% Under 18 | 21.9% | 1.4% |
% Seniors | 16.8% | 15.1% |
% WFH | 10.9% | 165.9% |
% w/ College Degree | 32.2% | 21.5% |
As of the latest ACS Survey released in 2023, Lynn, MA is a predominantly white area, with 60.5% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Lynn, MA is hispanic, making up 27.2% of the population. Foreign-born residents account for 23.5% of the population in Lynn, MA, and this percentage has increased by 20.5% 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 | 60.5% | -5.6% |
% Black | 4.3% | -21.8% |
% Hispanic | 27.2% | 11.0% |
% Asian | 5.0% | 78.6% |
% Foreign Born | 23.5% | 20.5% |
Mortgage and Risk — Lynn, MA
According to HUD data as of 2023, there were 343 mortgage originations in Lynn, MA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Lynn, MA. Investor activity is low, as 2.0% 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 | 343 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Lynn, MA
As of 2024, the percent of homes in Lynn, MA under the Section 8 program is 18.8%. 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 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 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 226 |
% Rentals under Section 8 | 18.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $2,020 | $2,140 |
| 2 Bedroom | -$150 | $2,700 | $2,550 |
| 3 Bedroom | $280 | $2,800 | $3,080 |
| 4 Bedroom | -$610 | $4,000 | $3,390 |
Affordability — Lynn, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $611,000 |
| Median Household Income | $101,000 |