Zip Code 01902

Lynn, MA • Essex County

Real Estate Market Analysis

Q3 2025 Report

$572,900 (Massachusetts median, Jan 2025)

Median Home Value

~94,000 (Lynn, 2025 est.)

Population

$62,000 (Lynn est.)

Median Income

Average (state rating: 5/10)

School District Rating

Market Statistics

Property Values

$572,900 (Massachusetts median, Jan 2025)

Median Home Value

$2,100 (estimated for Lynn, 2025)

Median Rent

$438–$455 (Boston area, 2025)

Price per Sq Ft

Market Performance

Home Appreciation3.6%–7% year-over-year (statewide)

Market VelocityHomes go pending in 8–25 days (statewide avg.)

Foreclosure RateLow, but rising slightly due to affordability pressures

Area Information

Area Size10.8 sq mi

CountyEssex

Primary CityLynn

Housing Profile

Housing Statistics

Total Housing Units~36,000 (Lynn est.)

Owner Occupied44% (Lynn est.)

Rental Properties56% (Lynn est.)

Vacant Units~5% (Lynn est.)

New ConstructionLimited, with some multi-family and infill projects

Housing Types

Single-familyMulti-familyCondosApartments

Demographics

~94,000 (Lynn, 2025 est.)

Population

Median Age

$62,000 (Lynn est.)

Median Income

~95% (unemployment ~5%)

Employment Rate

High school grad: 80%, Bachelor's or higher: 18%

Education Levels

Mixed; families, singles, multi-generational households

Family Composition

Education Quality

School District Performance

Average (state rating: 5/10)

District Rating

School DistrictLynn Public Schools

Test ScoresBelow state average

Graduation Rates~80%

Schools in Area

Lynn English High School
Classical High School
Breed Middle School
Several elementary schools

Economic Factors

Employment & Business

Job GrowthSteady, with focus on healthcare and services

Unemployment Rate~5%

Business EnvironmentImproving, with small business incentives

Commercial ActivityActive downtown and retail corridors

Major Employers

Lynn Community Health Center
GE Aviation
Lynn Public Schools
Retail and hospitality

Infrastructure & Quality of Life

Infrastructure

Transportation Access

• MBTA Commuter Rail (Lynn Station)
• MBTA buses
• Route 1A, Route 129

Utilities & Services

• Electricity
• Natural gas
• City water/sewer
• Trash/recycling

Quality of Life

Safety & Environment

Moderate, trending downward with community policing

Urban/suburban mix; air and water quality improving

Healthcare Access

• Lynn Community Health Center
• Union Hospital (nearby)

Development Trends

Planned Developments

Downtown revitalization
Waterfront mixed-use projects

Infrastructure Projects

• Road resurfacing
• Commuter rail upgrades

Investment Outlook

Growth Outlook

Positive, with focus on transit-oriented and mixed-use growth

Investment Opportunities

• Multi-family conversions
• Value-add rentals
• Retail redevelopment

Marketing Intelligence

Target Demographics

First-time buyers
Investors
Commuters to Boston
Young families

Competitive Advantages

Lower price point than Boston
Transit access
Diverse housing stock

Pricing Strategies

Competitive pricing below Boston/Cambridge, with incentives for quick close

Common Objections & Response Strategies

Objection: Concerns about school quality

Response Strategy:

Highlight ongoing district improvements and after-school programs

Objection: Urban crime rates

Response Strategy:

Share data on declining crime and community policing

Objection: Older housing stock

Response Strategy:

Promote renovated properties and value-add potential

Professional Recommendations

Leverage transit and affordability in marketing

Educate buyers on first-time incentives

Network with local employers for relocation leads

Highlight renovated and value-add properties

Monitor zoning and development for new opportunities

Competitive Analysis

Comparable Markets

02119 (Boston/Roxbury)
02149 (Everett)
01905 (West Lynn)

Market Positioning

Affordable alternative to Boston with urban amenities

Competitive Advantages

Lower entry price
Proximity to Boston
Diverse housing options

Price Comparison

01902 median home values 15–25% below Boston core

Investment Metrics

5.5%–6.5% (multi-family, 2025 est.)

Cap Rates

5%–6% gross

Rental Yields

~19–21

Price-to-Rent

Strong for value-add and multi-family

Cash Flow

3%–5% annually (2025–2027)

Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability and transit; need education on programs

Move-Up Buyers

Seek larger homes, often stay within Lynn for value

Downsizers

Prefer condos or renovated smaller homes near amenities

Investors

Focus on multi-family and rental demand

Relocators

Drawn by proximity to Boston and lower costs

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities

Explore This Area

Boston, MA

city

Same metro area

$750,000

South End in Boston, MA

neighborhood

Same metro area

$1,200,000

Jamaica Plain in Boston, MA

neighborhood

Same metro area

$750,000

Nearby Areas

North End in Boston, MA

neighborhood

0 miles away

$1,000,000

Charlestown in Boston, MA

neighborhood

1 miles away

$1,100,000

Similar Markets

Boston, MA

city

Similar market (85% price match)

$750,000

2125 (MA)

zip_code

Similar market (100% price match)

$650,000