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Lynn city, MA

ZIP 01902 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 01902

Median Home Value
$456,000
Median Rent
$1,359
Affordability Snapshot
$126,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,929/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 01902 in Lynn city, MA, a household would need roughly $126,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,929. That is about 89% above the local median household income ($66,755), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
40.6%-38% vs US avg
x
Vacancy Rate
2.8%-73% vs US avg
x
Broadband Access
85.6%-2% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
7.1%-45% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
31.6%-36% vs US avg
x
Mortgage-Free
23.2%-39% vs US avg
x
$456,000
Home Value
$1,359
Rent
1941
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached25.7%
  • 1-unit attached4.3%
  • 2-9 units42.4%
  • 10+ units27.5%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$456,000
Median rent$1,359
Owner-occupied40.6%
Vacant2.8%
Price-to-income6.8x
Est. income to buy$126,000