Real Estate Investing in Lynn, Massachusetts (01904)
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Should you buy in 01904 (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 (01904)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01904 Lynn
ZIP 01904 inside Essex County looks affordable on the surface — median value of $635K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 01904 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Lynn have seen price recovery that 01904 has not matched. Essex County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 19% in 01904 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 01904 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lynn:
Property Strategy for 01904
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $324,636 | $2,160 | 4.8% | +5.7% | $324,636 |
| 2BR | $542,327 | $2,560 | 3.4% | +6.6% | $271,163 |
| 3BR | $622,222 | $3,080 | 3.6% | +6.3% | $207,407 |
| 4BR | $693,190 | $3,390 | 3.5% | +6.3% | $173,298 |
| 5BR | $757,862 | — | — | +6.2% | $151,572 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01904 Compare?
| Metric | 01904 | Lynn | Massachusetts |
|---|---|---|---|
| Home Value | $635,099 | $559,664 | $645,115 |
| 5-Year CAGR | 4.4% | 4.8% | 7.0% |
| Avg Rent | $2,200 | $2,344 | - |
| Cap Rate | 2.7% | 3.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 01904 (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 | $635,099 |
| Monthly Rent | $2,200 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 01904
Population: 20,103
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 01904
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Captain Samuel Brown
Cobbet Elementary
E J Harrington
Julia F Callahan
Tracy
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
Does Lynn, MA make sense for an investment property?
The 3.0/5 investability rating in Lynn, MA reflects its $635K prices and $2,200/mo rents. Investors generally consider it a solid option within MA.
What real estate strategy is ideal for Lynn, MA?
For Lynn, MA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are rental rates like in Lynn, MA?
Rental rates in Lynn, MA average $2,200/mo. Tenant demand and $635K home values make the yield look reasonable by investor standards.
Does house hacking make sense in Lynn, MA?
House hacking in Lynn, MA is reasonable to execute. Prices around $635K and rents of $2,200/mo solid owner-occupant economics.
What is the rental occupancy rate in Lynn, MA?
Occupancy in Lynn, MA runs measured with elevated vacancy. Well-priced units at $2,200/mo lease on reasonable timelines.
You know 01904 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01904 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 01904 ranks in Boston-Cambridge-Newton, MA-NH
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