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Lynn

Learn about the people, housing, costs and businesses in Lynn, Massachusetts

Median Home$490,659
Median Rent$1,706/month
Population101,709
Leading IndustriesFinance & Insurance · Information & Media · Healthcare7% finance & insurance
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults31% of residentsabove average nationally
Renters52% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Lynn
MA

Frequently Asked Questions

What are today's mortgage rates in Lynn?

As of today, the 30-year fixed mortgage rate for Lynn is approximately 6.846% (6.880% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lynn?

The median home value in Lynn is $491k. The median monthly rent is $1,706. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lynn?

Home values in Lynn have increased 15.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lynn?

Based on a typical all-in ownership cost of $1,907/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynn is $76k/year.

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What industries drive the economy in Lynn?

The largest employment sectors in Lynn are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.