Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lynn, Massachusetts.
Pre-filled with Lynn median home price and Massachusetts tax/insurance rates. Adjust for your property.
Estimated closing costs based on Massachusetts rates and fees applied to Lynn prices.
The median home price in Lynn is $465,000, 22% below the Massachusetts state median of $595,000. With a population of 101,253, Lynn is a mid-size city where home prices tend to be more accessible than in many parts of Massachusetts.
Property taxes in Massachusetts average 1.2% annually. This moderate property tax rate means a $465,000 home in Lynn would carry roughly $465/month in property taxes. Homeowners insurance in Massachusetts runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Lynn is $1,920/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Lynn is a higher-cost market. At $465K median, buyers need significant savings or strong income. Down payment assistance through Massachusetts's MassHousing DPA program becomes especially important.