Lynn, Massachusetts.
Typical home $577,171 (+0.7% in a year), asking rent $2,342 (+2.4%). Boston-Cambridge-Newton, MA-NH metro.
to buy the typical home at today's mortgage rate — +$1,617 (+114%) since Jan 2020.
- 1 year
- Up $4,155 +1%
- $573,016$577,171 since Sep 2025
- 5 years
- Up $108,243 +23%
- $468,927$577,171 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Lynn$3,029
- Massachusetts$3,439
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Lynn, MA rose 0.7% over the past year — slower than the nation's +1.2%.
Asking rents in Lynn, MA rose 2.4% over the past year — slower than the nation's +2.7%.
Owning the typical home in Lynn runs $1,805/mo more than renting one. The gap peaked at $1,863 in Jan 2025.
That is $4,147 a month against $2,342 rent: a $3,029 mortgage payment, plus $500 property tax and $618 insurance & upkeep.
Owning vs renting — Lynn
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,147
- Renting$2,342
- Mortgage only$3,029
Property tax · $500/mo 1.04% of value a year — the ACS 2020-2024 median bill over the median home value for Essex County, MA
Insurance & upkeep · $618/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Lynn, Essex County, Massachusetts
Lynn is a city of 101,253 people in Essex County. Half its households earn more than $75,043 a year and half less, against $101,883 across Essex County; 14% of its people live below the poverty line. 48% of its homes are lived in by their owners and 52% are rented. Unemployment in Lynn was 5.1% in August 2026, and Essex County had 0.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Lynn is a city on the coast north of Boston, and it is one of the larger cities in Essex County. Its residents are younger than in much of the country, and incomes run well below the county's. More people rent here than across the county as a whole, and both homes and rents are costly. Fewer adults hold a four-year degree than you might expect near Boston, and winters are cold and snowy, with a warm July and a good deal of rain and snow melt through the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, shops, and restaurants, hotels and entertainment. Among the biggest employers in Lynn are General Electric, Lynn Schools and Kettle Cuisine, a frozen specialty foods maker. Unemployment is a little lower than a year ago, commutes are long, and few people work from home.
Things to do. Boston Common, a garden, and the Freedom Trail are both a short drive away, and the Bunker Hill Monument is close by as well. For a longer outing, the Museum of Fine Arts Boston is a longer drive away and is among the best known museums in the region.
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- 36,414households
- 24%of adults have a degree
- 14%below the poverty line
- 32 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Essex County had 326,688 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 18°; warmest in July, with highs near 80° and lows near 61°. About 39 inches of snow and 48 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Marblehead weather station, 5 miles away (NOAA).
Largest workplaces in Lynn
- General Electric2,628
- Lynn SchoolsSchool district2,413FTE
- Kettle CuisineNationality specialty foods, frozen, manufacturing575
- Demoulas Super Markets435
- Lynnfield295
- KIPP Academy Lynn Charter (District)School district262FTE
- WalmartDiscount department stores202
- Lynn Medical InvestorsSkilled nursing facilities187
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 29 workplaces with 20 or more staff, 5,994 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Coastal floodingRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Lynn’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Essex County and the Boston-Cambridge-Newton, MA-NH metro.
Lynn home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Lynn$577,171
- Massachusetts$655,219
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Lynn listings, and the typical home goes pending in 24 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Lynn27.37%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Lynn24
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Lynn170
New listings per month
Sellers arriving at the market.
- Lynn59
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Lynn$531,400
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Lynn101.41%
Zip codes with a Lynn address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Lynn — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Lynn
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 01902 | Lynn | 50,066 | $2,302 | $531,889 |
| 01905 | Lynn | 28,221 | $2,543 | $573,725 |
| 01904 | Lynn | 21,003 | — | $620,773 |
| 01901 | Lynn | 2,419 | $2,278 | $462,131 |