Real Estate Investing in Lynn, Massachusetts (01902)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01902 (Lynn, MA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Lynn, MA (01902)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01902 Lynn
On balance, ZIP 01902 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $545K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $545K asset, 01902 is the wrong submarket. If the plan prices in friction, the yield can still work.
On balance, 01902 offers a low basis, the region around Lynn has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A robust renter share of 61% in 01902 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lynn:
Property Strategy for 01902
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $282,595 | $2,160 | 5.5% | +6.6% | $282,595 |
| 2BR | $419,557 | $2,560 | 4.4% | +6.2% | $209,778 |
| 3BR | $554,061 | $3,080 | 4.0% | +6.4% | $184,687 |
| 4BR | $605,231 | $3,390 | 4.0% | +6.5% | $151,308 |
| 5BR | $755,073 | — | — | +6.9% | $151,015 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01902 Compare?
| Metric | 01902 | Lynn | Massachusetts |
|---|---|---|---|
| Home Value | $545,031 | $559,664 | $645,115 |
| 5-Year CAGR | 4.8% | 4.8% | 7.0% |
| Avg Rent | $2,295 | $2,344 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01902 (Lynn, MA). Anonymous, moderated, never written by AI.
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Property managers serving Essex County
Manage rentals here? List your business →MRS Property Management offers full-service property management and tenant placement for apartments, houses, and commercial rentals across the North Shore area and Southern New Hampshire. summary from their website
CNR Property Management provides expert property management and maintenance solutions. summary from their website
This domain is for sale for $2,295 or monthly payments. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $545,031 |
| Monthly Rent | $2,295 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 01902
Population: 51,680
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 01902
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,301 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Lynn, MA a smart market for rental property?
With a 3.0/5 investability score, Lynn, MA ranks as a solid market for rental property investors. Median prices of $545K and rents of $2,295/mo drive the underlying numbers.
What is the best play in Lynn, MA?
Lynn, MA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($545K prices, $2,295/mo rents) make it a reasonable choice.
How do landlord-tenant laws work in Lynn, MA?
MA ranks as a tenant-protective state for landlord-tenant law. Lynn generally follows the statewide framework, so landlords face reasonable operating rules.
Is vacancy a concern in Lynn, MA?
Rental vacancy in Lynn, MA is elevated. Investors should budget normal turnover but not chronic empty units.
How qualified is the tenant pool in Lynn, MA?
The tenant pool in Lynn, MA is solid, supported by local employment and population fundamentals. Rents of $2,295/mo are well-absorbed by the market.
You know 01902 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01902 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 01902 ranks in Boston-Cambridge-Newton, MA-NH
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