Home Values

Lynn Home Prices & Values

Zillow Home Value Index

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

$254,800

  • 10.1% 1-year change
  • 3.9% 1-year forecast

The median home value in Lynn is $254,800. Lynn home values have gone up 10.1% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in Lynn is None. The median rent price in Lynn is $1,295, which is lower than the Boston Metro median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In Lynn 7.7 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 Lynn is 10.5%, which is higher than the national value of 6.3%. 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 Lynn homeowners underwater on their mortgage is 18.5%, which is higher than Boston Metro at 9.8%.

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Relative ZHVI
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Lynn Market Overview

Data through Apr 30, 2015
  • $254,800 ZHVI
  • 3.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Lynn Market Health

Data through Apr 30, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 18.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 10.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

7.7 homes Lynn
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Lynnfield $542,200
Nahant $478,100
Melrose $451,500
Name Median ZHVI
Swampscott $399,200
Danvers $355,800
Peabody $329,300
Name Median ZHVI
Saugus $327,000
Salem $289,600
Revere $270,500

Listings & Sales

  • No data
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Lynn Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,897 Lynn
    $2,184 Boston Metro
    $1,364 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,295 Rent list price
  • $1.56 Rent list price / sq ft
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