Real Estate Investing in Lynnfield, Massachusetts (01940)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 01940 (Lynnfield, MA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
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.
- High price-to-rent: Price-to-rent ratio 28.8 — hard to cash-flow at these prices.
What’s happening in Lynnfield, MA (01940)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 01940 Lynnfield
The 01940 ZIP in Lynnfield, MA is a local-operator market. Outside capital chasing a $1.1M entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.1M asset, 01940 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 01940 offers a low basis, the region around Lynnfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 01940 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 01940 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lynnfield:
Property Strategy for 01940
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $759,388 | $3,250 | 3.1% | +6.9% | $379,694 |
| 3BR | $950,297 | $3,900 | 3.0% | +7.6% | $316,766 |
| 4BR | $1,253,671 | $4,300 | 2.5% | +8.6% | $313,418 |
| 5BR | $1,456,969 | — | — | +8.9% | $291,394 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 01940 Compare?
| Metric | 01940 | Lynnfield | Massachusetts |
|---|---|---|---|
| Home Value | $1,099,964 | $1,099,964 | $645,115 |
| 5-Year CAGR | 5.5% | 5.5% | 7.0% |
| Avg Rent | $3,188 | $3,188 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 01940 (Lynnfield, MA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 01940 (Lynnfield, MA)?
~25 seconds · no account needed · your report is anonymous
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 | $1,099,964 |
| Monthly Rent | $3,188 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.3%). 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 01940
Population: 13,183
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 01940
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Woodville School
Wakefield Memorial High
Dolbeare
Galvin Middle School
Northeast Metro Regional Vocational
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 3,306 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Lynnfield, MA?
Expect elevated vacancy in Lynnfield, MA. Rents at $3,188/mo are absorbed by the tenant base without meaningful lag.
What type of investing works in Lynnfield, MA?
Investors usually favor careful cash-flow rentals with hands-on management in Lynnfield, MA. With home values at $1.1M and rents near $3,188/mo, other strategies can work but produce reliable rather than outsized returns.
What monthly rent should investors expect in Lynnfield, MA?
Rental rates in Lynnfield, MA average $3,188/mo. Tenant demand and $1.1M home values make the yield look reasonable by investor standards.
Does a duplex house hack pencil in Lynnfield, MA?
For house hackers, Lynnfield, MA is a tougher. The $3,188/mo rent on a unit helps defray the mortgage on a $1.1M property.
Is Lynnfield, MA a smart market for rental property?
With a 3.0/5 investability score, Lynnfield, MA ranks as a solid market for rental property investors. Median prices of $1.1M and rents of $3,188/mo drive the underlying numbers.
You know 01940 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 01940 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 01940 ranks in Boston-Cambridge-Newton, MA-NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 01940 (Lynnfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 01940 (Lynnfield, MA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.