Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lynn

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

Median Home$83,100
Median Rent$714/month
Population722
Leading IndustriesManufacturing · Professional Services1% manufacturing
Home Value Growth⬆⬆+11.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$83k median home · lower cost than 97% of the country
Lynn
AL

Frequently Asked Questions

What are today's mortgage rates in Lynn?

As of today, the 30-year fixed mortgage rate for Lynn is approximately 6.961% (7.002% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lynn
What is the median home price in Lynn?

The median home value in Lynn is $83k. The median monthly rent is $714. Annual property taxes average $284. 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 11.3% 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 $507/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynn is $45k/year.

Calculate your buying power
What industries drive the economy in Lynn?

The largest employment sectors in Lynn are public administration (20%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.