Foreclosure Homes in Lynn, MA

Current Market Conditions in Lynn, MA

Lynn's real estate market has seen steady growth in recent years, with a rising demand for housing due to its proximity to Boston and affordable pricing compared to the surrounding areas. The average home price has shown a consistent increase, indicating a robust market that appeals to both first-time buyers and investors looking for rental opportunities.

Recently, there has been a notable interest in revitalizing certain neighborhoods within Lynn, leading to a surge in property values, particularly for renovated homes and multi-family units. As more businesses and amenities enter the market, Lynn is becoming an increasingly attractive destination for homebuyers.

Rent Prices In Lynn, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lynn, MA, is on a rollercoaster ride. The average rent price in Lynn, MA, is $1,762.00. Indeed, when looking to rent in Lynn, MA, you can expect to pay as little as $980.00 or as much as $3,540.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Lynn, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.