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These days, finding an affordable place to live in the Lynnfield area can be challenging. Home prices in Lynnfield are now at a median cost of $913,783, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,516/mo in Lynnfield, primarily driven by the current value of real estate in the Lynnfield area. In Lynnfield, 15.34% of households rent, and 24.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lynnfield is $14,379 per month. Households that rent pay about 17.49% of their income on rent here. Lynnfield’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wakefield, MA: less expensive homes
- Peabody, MA: less expensive homes
- Reading, MA: less expensive homes
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- Saugus, MA: less expensive homes
- North Reading, MA: less expensive homes
- Middleton, MA: less expensive homes
- Melrose, MA: less expensive homes
- Danvers, MA: less expensive homes
- Lynn, MA: less expensive homes
Cities with Similar Populations
- Sunbury, PA: less expensive homes
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- Forsyth, GA: less expensive homes
- Fort Gratiot, MI: less expensive homes
- Stanley, NC: less expensive homes
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