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Lynnfield

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

Median Home$931,200
Median Rent$2,739/month
Population13,064
Leading IndustriesArts, Food & Hospitality · Healthcare · Education18% arts, food & hospitality
Home Value Growth+7.8% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners87% of occupied units
NotableHigh Incomes$171k/year · top 2% nationally
NotableHighly Educated31% bachelor's · 20% graduate · top 7% nationally
Lynnfield
MA

Frequently Asked Questions

What are today's mortgage rates in Lynnfield?

As of today, the 30-year fixed mortgage rate for Lynnfield is approximately 6.783% (6.815% 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 Lynnfield?

The median home value in Lynnfield is $931k. The median monthly rent is $2,739. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lynnfield?

Home values in Lynnfield have increased 7.8% over the past two years. This represents moderate growth. 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 Lynnfield?

Based on a typical all-in ownership cost of $3,052/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $131k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynnfield is $171k/year.

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What industries drive the economy in Lynnfield?

The largest employment sectors in Lynnfield are public administration (22%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.