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.


Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom4.80%
Two Bedrooms16.40%
Three Bedrooms39.70%
Four Bedrooms30.90%
Five Bedrooms or more8.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1959
Median Value of occupied units$328,000
Median Price asked for vacant units$625,000

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1953

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage4.10%
Home Equity Loan13.40%
Simple Mortgage50.10%
Debt Free32.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.4%