ZIP Code 01902 — Lynn, MA Home Prices (2026)

The typical home in ZIP 01902 (Lynn, Massachusetts) is worth about $545,000 at roughly $405 per square foot — 4% more affordable than the Lynn median and 85% more expensive than the typical U.S. home.

$545,000

Typical home value

$405

Price per sq ft

#3 of 4

Lynn ZIPs by value

-4%

vs Lynn median

How 01902 compares

ZIP 01902 is one of the more affordable ZIP codes in Lynn: its typical home value of $545,000 ranks #3 of the 4 Lynn ZIP codes we track (the citywide range runs from $473,000 in 01901 to $635,000 in 01904). Per square foot it costs about $405, against $391 for Lynn as a whole, $361 for Massachusetts, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 01902	$545,000	$405
Lynn, MA	$565,500	$391
Massachusetts	$631,000	$361
United States	$294,000	$195

Home value by size in 01902

Using this ZIP’s rate of about $405 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$405,000
1,500 sq ft	$607,500
2,000 sq ft	$810,000
2,500 sq ft	$1,012,500
3,000 sq ft	$1,215,000

Salary needed to buy a home in ZIP 01902

To buy the typical $545,000 home in ZIP 01902 with 20% down, you need a household income of roughly $148,000 a year (about $3,460 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $176,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$27,300	$4,300/mo	$184,000/yr
10% (+PMI)	$54,500	$4,110/mo	$176,000/yr
20%	$109,000	$3,460/mo	$148,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 01902

At about $405 per square foot, here is roughly how much home different budgets get you in ZIP 01902:

Budget	Approx. size	What that looks like locally
$250k	620 sq ft	below the local median — condos, smaller or older homes
$300k	740 sq ft	below the local median — condos, smaller or older homes
$400k	990 sq ft	below the local median — condos, smaller or older homes
$500k	1230 sq ft	around the typical home here
$600k	1480 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 01902 home.

Estimate a specific home in 01902

The estimator below is pre-set to ZIP 01902 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Lynn ZIP codes by home value

Where 01902 sits among Lynn’s 4 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	01904	$635,000	$393
2	01905	$586,000	$388
3	01902 (this page)	$545,000	$405
4	01901	$473,000	$362

ZIP 01902 home prices: frequently asked

What is the average home price in ZIP code 01902? +

The typical home in ZIP 01902 (Lynn, MA) is worth about $545,000 as of 2026. That is 4% more affordable than the Lynn median of $565,500 and 85% more expensive than the U.S. median of $294,000.

What is the price per square foot in 01902? +

About $405 per square foot in 01902, versus $391 across Lynn and $361 across Massachusetts. At that rate a 1,500 sq ft home runs roughly $607,500 and a 2,500 sq ft home about $1,012,500.

What salary do you need to buy a house in ZIP 01902? +

For the typical $545,000 home in ZIP 01902, a household income of about $148,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $176,000; with 5% down about $184,000.

Is 01902 an expensive ZIP code? +

Within Lynn, 01902 ranks #3 of 4 ZIP codes by typical home value, which makes it one of the more affordable ZIP codes in Lynn. Nationally it is relatively expensive.

See the full Lynn home values page, all Massachusetts cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.