DSCR loans in Lynn, MA

Lynn rents, values and tenants

The Census Bureau's 2020 to 2024 American Community Survey puts median gross rent in Lynn at $1,722, close to the Massachusetts median of $1,762. Median home value sits at $510,100, which is about 9% below the Massachusetts median of $562,100. Put the two medians together and Lynn shows a gross yield of 4.1%, a thin gross ratio, which tells you purchase prices are high relative to rent. Because the rent number covers apartments as well as houses, expect single-family rentals to land above or below it.

Renters occupy 51.9% of Lynn's occupied homes, well above the Massachusetts median of 37%, so tenant demand is deep and investors compete mainly on condition and location. Incomes matter for rent growth: the median household earns $75,043, well below the Massachusetts median of $103,960, and 60% of renters are already cost-burdened at 30 percent of income or more.

Property types and condition in Lynn

Multifamily matters in Lynn. About 61% of housing units are in multi-unit buildings, and 32% are in two to four unit properties that fit standard DSCR programs. A median construction year of 1946 means many properties predate modern codes, so budget for repairs before you trust a cash-flow figure.

Use vacancy as a reality check: 4% of all units are vacant in Lynn, and the rental vacancy rate is 2.6%.

Investor takeaways for Lynn

Yields near 4.1% make Lynn a market for careful buyers. The ratio can still work, usually through a lower loan amount, a rent above the median or a property with several units. An older stock (built 1946 at the median) means the inspection report can change your numbers more than the rent does. Renter-heavy markets like Lynn favor investors with a clear tenant profile, whether workers, students or families.

Insurance, tax and flood context for Lynn

Property taxes in Lynn run a median $5,384 a year for owners, about 10% below the Massachusetts median of $5,992. As a share of median value, that is about 1.06%. At the median rent that tax bill takes roughly 26% of a year's rent before insurance, dues or interest.

FEMA's National Risk Index (version 1.20, December 2025) rates Essex County as relatively high overall for natural hazard risk, with coastal flooding (very high), ice storms (very high) and riverine flooding (relatively high) among its leading hazards.

Many investors meet insurance too late, so get a quote tied to the Lynn property's roof age and flood zone before you waive your inspection period.

Running the numbers in Lynn

Worked through with this city's own medians: rent of $1,722 against taxes of about $449 a month leaves $1,273 for principal, interest, insurance and dues at a 1.00 ratio, and $929 at a 1.25 ratio. That arithmetic is the whole game, and the real rent and quotes for your address replace these medians.

Registration, deposits and nightly stays in Lynn

Local rental rules in Lynn are not summarized here because we could not verify them from a city source. Ask the city and Essex County about registration, inspection and short-term rental requirements, and confirm what an HOA allows. If you are weighing nightly income in Lynn, the state tax backdrop is this. Massachusetts has required short-term rental operators to register with the Department of Revenue since July 1, 2019, and applies the room occupancy excise to rentals of 31 days or less, with local taxes and fees added where a city or town has adopted them.

Plan for a 30 day return window on any Lynn deposit once the tenant moves out. Rent increases in Massachusetts: Rent control is prohibited statewide by the Massachusetts Rent Control Prohibition Act (c. 40P), which bars rent-control schemes except voluntary ones.

Neighbors of Lynn by the numbers

Prices in the comparison range from $542,800 in Salem to $911,300 in Somerville, with Lynn at $510,100.

What fills Lynn rentals

The self-employed share of the workforce is 6.3%, and those owners tend to be exactly the buyers DSCR financing was built for. Three more data points: government workers are about 11% of employment, 24% of adults hold a bachelor's degree or higher and 24% of commuters travel 45 minutes or more.

For a sense of who employs Lynn renters, the published employer list shows GE Aerospace, Lynn Public Schools, North Shore Community College, All Care VNA and Eastern Bank. Check the current year before you lean on it, since payrolls move. Colleges tied to Lynn include Lynn Vocational and Technical Institute and North Shore Community College, and campus-adjacent streets often rent to students and staff on a school-year rhythm. Transportation links include interstate access via I-95 and air service through Logan International Airport. Easy highway and air access helps both tenant commutes and remote ownership.

Next steps for a Lynn purchase

Ready to test a Lynn deal? Use the calculator for the ratio, then start your application or send us the scenario.

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• Every market we cover

Sources and data notes

• Massachusetts tax source: Room occupancy excise
• U.S. Census Bureau data for Lynn
• FEMA hazard ratings for Essex County
• Lynn overview (Wikipedia)
• Text of M.G.L. c. 186, § 15B(1)(b), (1)(d), (2), (3), (4), (5) for Lynn landlords
• State rule cited for Lynn hosts: Mass.gov TIR 19-3

Numbers for Lynn come from the Census Bureau's 2020 to 2024 ACS and are survey estimates. For Massachusetts tenant law we used RedFlagLease under CC BY 4.0 plus the linked statutes. Verified October 2026. Ordinances and statutes change, so confirm before acting.

DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.