Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lynn area can be challenging. Home prices in Lynn are now at a median cost of $366,848, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,421/mo in Lynn, primarily driven by the current value of real estate in the Lynn area. While nearly 26.16% of residents own their homes outright in Lynn, 47.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lynn is $5,906 per month. Households that rent pay about 24.06% of their income on rent here. Lynn's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Swampscott, MA: higher priced homes
- Saugus, MA: higher priced homes
- Nahant, MA: higher priced homes
- Salem, MA: higher priced homes
- Peabody, MA: higher priced homes
- Revere, MA: higher priced homes
- Marblehead, MA: higher priced homes
- Melrose, MA: higher priced homes
- Lynnfield, MA: higher priced homes
- Malden, MA: higher priced homes
Cities with Similar Populations
- Scranton, PA: less expensive homes
- Savannah, GA: less expensive homes
- Hayward, CA: higher priced homes
- Hoover, AL: less expensive homes
- Hawthorne, CA: higher priced homes
- Hammond, IN: less expensive homes
- Harrisburg, PA: less expensive homes
- Hendersonville, TN: less expensive homes
- Huntington Park, CA: higher priced homes
- Huntington Beach, CA: higher priced homes
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