Lynn, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lynn Neighborhoods Since 2000




Lynn, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lynn Housing Market Information

With a population of 92,457, 32,407 total housing units (homes and apartments), and a median house value of $306,436, Lynn real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Lynn, accounting for 34.42% of the city's housing units. Other types of housing that are prevalent in Lynn include single-family detached homes ( 34.11%), large apartment complexes or high rise apartments ( 28.09%), and a few row houses and other attached homes ( 3.10%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Lynn primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Lynn has a mixture of owner-occupied and renter-occupied housing.

The housing in Lynn was primarily built before 1939 ( 64.76%), making the housing stock in Lynn some of the oldest overall in America, although there is a range of ages of homes in Lynn. The next most important housing age is between 1940-1969 ( 18.96%), followed by between 1970-1999 ( 13.55%). There's also some housing in Lynn built between 2000 and later ( 2.73%).

Lynn Home Appreciation Rates

Real estate appreciation rates in Lynn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

Appreciation rates are so strong in Lynn that despite a nationwide downturn in the housing market, Lynn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lynn appreciation rates continue to be some of the highest in America, at 7.85%, which is higher than appreciation rates in 85.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lynn. Lynn appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Lynn's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lynn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lynn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lynn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$306,436

Lynn, MA HOME PRICES

Value Range
> $1,274,000 0.6
$955,001 - $1,274,000 0.2
$637,001 - $955,000 2.0
$509,001 - $637,000 3.9
$382,001 - $509,000 17.2
$255,001 - $382,000 46.6
$127,001 - $255,000 24.6
$63,001 - $127,000 2.6
$0 - $63,000 2.3

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
15.8150709012071 68.2692307692308

Number Of Homes And Apartments:
32,407

Lynn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
58.08% 2.69% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,633 / per month

Homeownership Rate

Homeownership
Owners 44.66
Renters 55.34
Vacant 6.21

Housing Market Details

 

Age of Homes

AGE OF Lynn HOMES
2000 or Newer 2.7
1970 - 1999 13.6
1940 - 1969 19.0
1939 or Older 64.8

Types of Homes

TYPE OF Lynn HOMES
Single-Family 34.1
Townhomes 3.1
Small Apt. Buildings 34.4
Apt. Complexes 28.1
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Lynn HOMES
No Bedroom 3.47
1 Bedroom 20.07
2 Bedrooms 31.22
3 Bedrooms 33.43
4 Bedrooms 9.30
5 or more bedrooms 2.52