ZIP Code · MA

ZIP 01902

Part of Lynn, MA

Pop. 50,066·Essex County·126th most expensive ZIP in Massachusetts

Median rent (all units)

$2,302/mo

Year-over-Year

+5.5%

Month-over-Month

+1.1%

vs US Median

+$370

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 01902 · $2,302

More expensive than 74% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,040

1 BR

$2,160

2 BR

$2,560

3 BR

$3,080

4 BR+

$3,390

Research median

$2,560/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 01902 is at its highest level since Zillow's records here began in October 2022.

Past year vs. the rest of Massachusetts

Rent in ZIP 01902 changed +5.5% over the year to September 2026. Across the 140 Massachusetts ZIP codes Zillow tracks, the typical change was +3.0%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($67,046) is $1,676 a month. That is less than HUD's Fair Market Rent for a studio ($2,040).

Rank in Lynn

2nd cheapest of 3 ZIP codes in Lynn.

From Zillow's monthly rent index (ZORI) for ZIP 01902. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,624/yr

At $2,302/mo median

Location

CityLynn

StateMA

CountyEssex County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.5% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 01902 (Lynn, MA) is majority renter-occupied, 21.4% of residents hold a bachelor's degree or higher.

Population

50,066

Median income

$67,046

Median age

35.8

Renters

63.1%

Age distribution

24.9%

23.8%

27%

12.9%

Under 1824.9%

18–3423.8%

35–5427%

55–6411.4%

65+12.9%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

31.8%

12.5%

53.1%

White31.8%

Black12.5%

Hispanic53.1%

Asian4.9%

Education (25+)

24.1%

33.8%

20.7%

21.4%

No HS diploma24.1%

HS diploma33.8%

Some college20.7%

Bachelor's+21.4%

Housing tenure

36.9%

63.1%

Owner36.9%

Renter63.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 01902 in Lynn, MA has changed in 5 years

Rent

$1,942 → $2,302

up 18.5%

Income

$53,802 → $67,046

up 24.6%

Population

51,008 → 50,066

down 1.8%

Renter share

60.6% → 63.1%

+2.5 pts

Bachelor's+

19.2% → 21.4%

+2.2 pts

The median rent in ZIP 01902 in Lynn, MA stood at $1,942 in 2023 and currently runs about $2,302, reflecting a 18.5% increase over the period. Household income in the area moved from $53,802 to $67,046 across the same window, up 24.6% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 1.8% since 2021, moving from about 51,008 residents to roughly 50,066. Renters now make up 63.1% of households, compared with 60.6% five years ago. College-educated residents now make up 21.4% of adults here, versus 19.2% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 01902 in Lynn, MA look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 01902

Last updated: October 17, 2026

ZIP code 01902 covers Lynn, MA. The median rent here is $2,302/mo as of October 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,560/mo.

At 41% of local median household income ($67,046/yr), ZIP 01902 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 01902?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (about $44/hour full-time) to afford the median rent of $2,302/mo in ZIP 01902. The local median household income is $67,046/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 01902?

Rent in ZIP 01902 has risen 5.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2022.

How does ZIP 01902 compare to other ZIPs in Massachusetts?

ZIP 01902 is one of the more affordable among Massachusetts ZIP codes for rent, ranking #126 of 164 at $2,302/mo. Over the year to September 2026, rent in ZIP 01902 changed +5.5%, against a typical +3.0% across the 140 Massachusetts ZIP codes Zillow tracks.