01902 Home Prices & Values

$200,400 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.7% 1-year change
  • 2.3% 1-year forecast

Market Temperature: NeutralWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 01902 is $200,400. 01902 home values have gone up 9.7% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in 01902 is $176, which is lower than the Lynn average of $181. The median price of homes currently listed in 01902 is $209,000 while the median price of homes that sold is $199,300. The median rent price in 01902 is $1,300, which is lower than the Lynn median of $1,495.

Foreclosures will be a factor impacting home values in the next several years. In 01902 3.0 homes are foreclosed (per 10,000). This is greater than the Lynn value of 2.2 and also lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 01902 is 11.7%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 01902 homeowners underwater on their mortgage is 26.9%, which is higher than Lynn at 24.0%.

more
Relative ZHVI
- +

01902 Market Overview

Data through May 31, 2014
  • $200,400 ZHVI
  • 2.3% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $209,000 Median listing price
  • $199,300 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

01902 Market Health

Data through May 31, 2014
  • 3.3/10 Less healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 26.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 11.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3 homes 01902
2.2 homes Lynn
4.8 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
01945 $541,000 01908 $493,200 01907 $401,700
01960 $329,600 01906 $327,100 01970 $289,000
02151 $271,500 01904 $256,000 01905 $217,800

Listings & Sales

Data through May 31, 2014
  • $176 Median list price / sq ft
  • $158 Median sale price / sq ft
  • 15.3% Listings with price cut
32.5%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

01902 Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,488 01902
$1,516 Lynn
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,300 Rent list price
  • $1.20 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading