Lynnfield, MA Real Estate
According to census data in the year 2000 there were 4,273 housing units in Lynnfield.
This represents a 6% growth from 4,033 in 1990.
Of those housing units, 4,273 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lynnfield is about 94.3%.
Lynnfield's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.75 people.
The majority of houses, apartments or condos in Lynnfield were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 4.80% |
| Two Bedrooms | 16.40% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 30.90% |
| Five Bedrooms or more | 8.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $328,000 |
| Median Price asked for vacant units | $625,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1953 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 13.40% |
| Simple Mortgage | 50.10% |
| Debt Free | 32.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
