Home Values in Lynn, Massachusetts — 2026 Market Report
Updated March 2026 | Buyer's Market | +4.9% YoY
The median home value in Lynn, Massachusetts is $445,000 as of March 2026, which is above the national median of $400,000. Home values in Lynn have increased by 4.9% over the past year and 27% over the last five years. With a population of 101,253 and a median household income of $52,250, the price-to-income ratio stands at 8.5x, making Lynn affordable for the average household.
Lynn Housing Market Conditions
| Metric | Lynn | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +4.9% | +3.8% |
| 5-Year Appreciation | +27% | +22.4% |
| Price per Sq Ft | $287 | $222 |
| Days on Market | 46 days | 45 days |
| Months of Supply | 5 | 3.5 |
| List-to-Sale Ratio | 98.5% | 98.5% |
| Monthly Homes Sold | 92 | — |
| Foreclosure Rate | 0.72% | 0.3% |
Home Value Trends in Lynn
A homeowner who purchased at the median price of $350,394 five years ago in Lynn would have gained approximately $94,606 in equity, representing a 27% return on investment. Over the past year alone, the typical homeowner gained $20,786 in home equity.
Affordability in Lynn, MA
With a median household income of $52,250 and a median home price of $445,000, the price-to-income ratio in Lynn is 8.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,515 compared to estimated monthly ownership costs of $2,558 gives a rent-vs-buy ratio of 0.73. In Lynn, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Lynn
The effective property tax rate in Massachusetts is 1.2%. On a home valued at $445,000, the estimated annual property tax bill is $5,340, or approximately $445/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Lynn is 112.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Lynn, MA?
The median home value in Lynn, Massachusetts is $445,000 as of March 2026. Home values have changed +4.9% over the past year, with a 5-year appreciation of 27%.
Is Lynn a buyer's or seller's market?
Lynn is currently a buyer's market with 5 months of housing supply. Homes spend an average of 46 days on market, and the list-to-sale price ratio is 98.5%. Supply and demand are relatively balanced.
Are home values going up in Lynn?
Yes, home values in Lynn have increased by 4.9% over the past year. The 5-year appreciation rate is 27%, meaning a home worth $350,394 five years ago is now worth $445,000.
Is it better to rent or buy in Lynn?
The average monthly rent in Lynn is $3,515, while estimated monthly homeownership costs are approximately $2,558. The price-to-rent ratio is 10.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Massachusetts Cities
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Disclaimer: Home value data for Lynn, Massachusetts is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.