Lynnfield's October First-Time Homebuyer Report

Lynnfield has a younger population than other areas in Massachusetts with a median age of 44 years. It is also very affluent with a median income of $101,061 per household. The Lynnfield market is primarily made up of detached homes, currently accounting for 82% overall. Topping the list of best schools in the city is Summer Street.

Culture

If you'll be exploring the entertainment hotspots in Lynnfield, you'll find Jamspot to be a popular choice according to Foursquare. If you like to dine out, some popular restaurants are Yard House, Legal C Bar, and 99 Restaurant. Lastly, T&L Wine & Spirits is a well-known place to get a drink.

Price Range

Homes in Lynnfield are generally more expensive than others in the state with a median home value of $458,900 and an average list price of $768,590.

Make sure you take a look at these eye-catching homes in Lynnfield that generated the most views from potential buyers:

$538K   $690K   $549K  

Typical Dwelling

A four-bedroom detached home valued around $865,314 is considered a typical dwelling in Lynnfield. If a buyer was looking for a similar home, they would need good credit and a $173,063 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $3,536 and the property tax rate is $11.64 per $1,000 of taxable assessed value.

Get started right now by checking out Lynnfield homes for sale or reviewing Lynnfield real estate trends.


Data reported through 10/13/2016

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