Home Insurance in Lynn, Massachusetts
The median home value in Lynn is $510,100, 18% lower than the Essex County median.
The typical home in Lynn was built around 1946. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 63% of homes were built before 1960, about 13 points above Essex County's 50%.
Housing in Lynn breaks down to 39% single-family homes and 28% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Lynn, about 75% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lynn has an owner-occupancy rate of 48% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Most homes in Lynn - 57% - are primarily heated with natural gas. Homes heated with fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Lynn? FEMA's National Risk Index points to coastal flooding (Very High) in Essex County and Essex County had 8,754 active NFIP flood policies as of September 2026. See the full Essex County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Massachusetts is $2,134 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $510,100 |
|---|---|
| Median year built | 1946 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Essex County | 8,754 |
| Home insurance premium | $2,134 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)