Zip 01940 (Lynnfield, MA) Housing

The housing market in 01940 Lynnfield, MA is quite strong. The median value for houses in the area is an impressive $899,500, compared to the US median house value of $338,100. Not only that, but the one year house appreciation rate in 01940 Lynnfield is even higher than the US average of 8.27%, sitting at a healthy 9.17%. This speaks volumes to the strength of the housing market in this small town and indicates a reliable place to invest for anyone looking for a home.

The median home cost in Lynnfield (zip 01940) is $899,500. Home appreciation the last 10 years has been 95.5%. Home Appreciation in Lynnfield (zip 01940) is up 13.0%.

Average Age of Homes

- The median age of Lynnfield (zip 01940) real estate is 51 years old

The Rental Market in Lynnfield (zip 01940)

- Renters make up 15.2% of the Lynnfield (zip 01940) population
- 1.1% of houses and apartments in Lynnfield (zip 01940), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lynnfield, Massachusetts	United States
	4,920.0	139,647,020.0
	56	42
	$899,500	$338,100
	13.0%	16.6%
	51.0%	57.0%
	95.5%	101.1%
	$12.34	$10.98
	$9,024	$2,690
	81.3%	57.4%
	5.2%	11.2%
	13.5%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	1.7%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.9%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.7%	13.0%
	0.9%	20.1%
	2.6%	13.6%
	7.1%	8.3%
	40.9%	9.7%
	28.2%	3.9%
	16.2%	2.2%
	1.4%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	4.8%	13.6%
	4.8%	13.6%
	10.1%	13.6%
	10.4%	13.2%
	11.3%	14.8%
	10.1%	13.6%
	23.6%	10.0%
	6.6%	4.7%
	11.4%	12.2%

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