The story of this market
The typical home in ZIP 01940 sells for about $1,042,500, or $414 per square foot.
Prices are down 11.6% from a year ago, which gives buyers more room to negotiate. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,676 a month.
ZIP 01940 — Lynnfield
The Lynnfield housing market is highly competitive and supply-constrained, with a median sale price exceeding $1 million. While some sources report a year-over-year price decline, the low inventory and high demand continue to drive a seller's market. Data for specific metrics like tax rates and detailed demographic breakdowns were not available at the ZIP level.
This ZIP is well-suited for affluent families and professionals seeking a suburban environment with high-quality schools and proximity to Boston, while offering limited options for renters or budget-conscious buyers.
Median prices moved down 11.6% year over year.
Homes spend a median of 29 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 5.9% — a stable, low-distress profile.
ZCTA 01940, Essex County, MA
The area is served by the Lynnfield Public Schools, which are generally characterized as high-performing and a primary draw for families in the region.
The area maintains a suburban character with limited large-scale industrial development, focusing primarily on residential stability and local retail amenities.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Residents primarily commute to the Boston employment core via I-95 and Route 1, with transit options limited to regional bus or commuter rail access in neighboring towns.
The area features access to local parks, conservation land, and the MarketStreet Lynnfield shopping and dining complex.
The rental market is characterized by high demand and limited inventory, with a median rent of $3,132 per month.
The local economy is largely residential with a significant retail and service sector anchored by developments like MarketStreet.
The area is heavily reliant on personal vehicles, with major access provided by the I-95 and Route 1 corridors.
Parcels are subject to the Lynnfield Public School District and standard municipal utility districts.
Data sourced from MapOfZipCodes and Census Bureau ZCTA profiles.
- Boston Tea Party Ships & Museum4.612.6 mi
- F1 Arcade Boston4.512.7 mi
- Museum of Illusions Boston4.512.1 mi
- Boda Borg Boston4.77.6 mi
- K1 Speed Boston-Wilmington4.25.1 mi
- Fenway Park4.813.3 mi
- TD Garden4.611.7 mi
- Thomas M. Menino Convention & Exhibition Center4.513.1 mi
- MGM Music Hall at Fenway4.413.2 mi
- Hynes Convention Center4.513.1 mi
- Boston Common4.712.5 mi
- New England Aquarium4.412.1 mi
- Harvard Square4.611.8 mi
- Faneuil Hall Marketplace4.512.1 mi
- Museum of Science4.711.6 mi
- Museum of Fine Arts, Boston4.813.7 mi
- Boston Public Library4.812.9 mi
- Isabella Stewart Gardner Museum4.713.9 mi
- Museum of Science4.711.6 mi
- Boston Tea Party Ships & Museum4.612.6 mi
- Boston Common4.712.5 mi
- Public Garden4.812.6 mi
- Charles River Esplanade4.812.5 mi
- Fan Pier Park4.812.4 mi
- Middlesex Fells Reservation4.76 mi
- Seaport Landing Marina4.57.4 mi
- Wamesit Lanes - Family Entertainment Center ( Bowling & Arcade Game Rooms )4.312.4 mi
- Fresh Pond Golf Course4.212 mi
- Five Iron Golf4.912.1 mi
- Unicorn Golf Course3.84.7 mi
- Black Swan Country Club3.912.8 mi
- Burlington Mall4.49.4 mi
- Encore Boston Harbor4.39.7 mi
- Quincy Market4.512.1 mi
- Faneuil Hall Marketplace4.512.1 mi
- Assembly Row4.59.9 mi
- Boston Logan International Airport4.111.8 mi
- Park Shuttle & Fly4.510.1 mi
- The Lounge3.411.6 mi
- DaCoopas Pizza4.110.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major open-air shopping and entertainment center serving the local community.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).