Lynn, MA Real Estate
According to census data in the year 2000 there were 34,690 housing units in Lynn.
This represents a 0.1% growth from 34,670 in 1990.
Of those housing units, 34,690 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lynn is about 45.6%.
Lynn's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Lynn were built after 1940.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 23.90% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 29.10% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $145,200 |
| Median Price asked for vacant units | $136,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1946 |
| Median Monthly Rent asked for vacant units | $651 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 54.70% |
| Debt Free | 30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
