Home Price Key
Affordable
Average
Expensive
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 $711,221, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,825/mo in Lynnfield, primarily driven by the current value of real estate in the Lynnfield area. While nearly 26.55% of residents own their homes outright in Lynnfield, 16.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lynnfield is $12,582 per month. Households that rent pay about 14.50% of their income on rent here. Lynnfield's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Wakefield, MA: less expensive homes
- Peabody, MA: less expensive homes
- Reading, MA: less expensive homes
- Stoneham, MA: less expensive homes
- 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
- East Milton, FL: less expensive homes
- East Syracuse, NY: less expensive homes
- Eaton, OH: less expensive homes
- Eatontown, NJ: less expensive homes
- Edgewood, WA: less expensive homes
- Eight Mile, AL: less expensive homes
- Forsyth, GA: less expensive homes
- Fort Gratiot, MI: less expensive homes
- Stanley, NC: less expensive homes
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