The housing market in Lynn, MA is thriving. The median value of a home in the area is $478,900, significantly higher than the US House median value of $338,100. This demonstrates how desirable the area is to potential buyers. Furthermore, the house appreciation rate for Lynn over the past year has been 9.17%, which is higher than the 1 year US house appreciation rate of 8.27%. As a result, this indicates that housing values are increasing and real estate investment could be very lucrative in Lynn, MA.
The median home cost in Lynn is $478,900. Home appreciation the last 10 years has been 95.5%. Home Appreciation in Lynn is up 13.0%.
Average Age of Homes
- The median age of Lynn real estate is 78 years old
The Rental Market in Lynn
- Renters make up 51.0% of the Lynn population
- 1.3% of houses and apartments in Lynn, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.