Interested in purchasing investment houses in the 01940 zip code in Lynnfield, MA?
The zip code 01940 is in Essex county with a latitude of -71.037570000000 and longitude of 42.534560000000, is in the state of Massachusetts. The average asking price of houses and condos is $567,484.00 and the average sale price was $535,970.00. this regions is classified as the Boston metro area and consists of the following area codes: 339 and 781. The location in degrees is 42° 32' 4.416" N, 71° 2' 15.252" W. The county F.I.P.S. is 25009. This zip code contains four cities including Lynnfield, MA (93.38%), Wakefield, MA (4.54%), Peabody, MA (2.06%), and Lynn, MA (0.03%) The total land area is 10.5 square miles and the water area is 0.7 square miles. The elevation in this area is 112 - 128 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 01940 is in county number 009 and is L. Sector 00, L. Segment 01, H. Sector 16, and H. Segment 16. The population was 13,620 in 2019 and 12,108 in 2010. This further breaks down to 6,496 males (47.7%) and 7,124 females (52.3%). The median age of residents is 43.7 years. The population of the greater Boston-Cambridge-Quincy, MA-NH area is 4,568,927. The population density (people per square mile) is 1,291. This zip code has a combined total of 5,408 houses and condos. There are 891 rented appartments. 18% of residents rent versus the 18% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $128,955 and the average salary is $102,579. The median household income of individuals is $108,609.00 and the average is $176,620.00. This zip code has a mean commute time to work of 32.7 minutes. The unemployment rate is 4.8%. Income earners by percent breakdown as 17.70% (Under $50,000), 27.60% ($50,000-$100,000), and 54.60% earn over $100,000. 2.1% of residents live below poverty line versus the 9.4% in the state that are below this line. The cost of living index is 138.3. The educational breakdown is 98.1% have a high school education or higher, 57.1% have a bachelor's degree or higher, and 25.5% have some kind of profesional degree.
This area has 4,486 households and the average size is 2.7 people. Individuals who are single and have never been married are 24.7%, 61.0% are now married, 0.3% are separated, 7.2% are widowed, and 6.7% are divorced. The average yearly contribution amount given by people to charity was $3,209 versus the state average of $4,208. The percent of residents who gave to charity was 53.5%.
The estimated median value of houses and condos is $729,572. The median monthly owner costs of mortgage holders was $3,177, where as the costs for those who don't have a mortgage are $1,150. The median number of rooms in houses and condos are 7.9 versus apartments which had a median number of 3.1.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $8,706. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $4,899. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $8,428. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $9,352. Reported taxable interest for persons was $2,760, dividends $7,670, capital gains +$16,405, and itemized deductions $33,979. The average earned income tax credit is $1,568. The percent of individuals that use a tax preparer is 66.1%. The total average income taxes paid by individuals was $17,738. Businesses reported an average profit of $35,783.
Porch
41 Tuttle St, Wakefield, MA 01880 (2.8 miles away)
Pellana
9 Sylvan St, Peabody, MA 01960 (3.7 miles away)
LongHorn Steakhouse
39 Walkers Brook Dr, Reading, MA 01867 (3.8 miles away)
Charlie's Roast Beef
152 S Main St, Middleton, MA 01949 (4.4 miles away)
Teresa's Prime
20 Elm St, North Reading, MA 01864 (4.6 miles away)
J W Seafood Export Co Inc
271 Western Ave, Lynn, MA 01904 (4.6 miles away)