01940 ZIP Code – Lynnfield, Massachusetts
Located in Lynnfield, Massachusetts, ZIP code 01940 is a mid-sized ZIP code within Essex County with a population of approximately 13,072 residents. At $157,955, the median household income here runs above the Massachusetts average and well above the U.S. average. Median home values of $851,600 are well above the national average, with 87.7% owner-occupied housing (increasing). ; median rent of $1,891 is similarly well above the national average. Housing consists of 85% single-family (increasing), 12% apartments (decreasing).
The area reports an unemployment rate of 3.4%, below the national average. An estimated 6.0% of the population falls below the poverty line, well below the national figure. An estimated 61.2% of adults hold a bachelor's degree or higher, well above the national average. The median age is 41.5, near the national median. ZIP codes in the surrounding area include 01880, 01960, 01867.
ZIP Code 01940 Data
See more demographics for:
ZIP 01940 vs. Massachusetts vs. U.S.
| Metric | ZIP 01940 | MA Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 13k | 13k | 10k |
| Median Household Income | $157k | $107k | $73k |
| Median Home Value | $851k | $528k | $258k |
| Median Rent | $1,891 | $1,563 | $1,088 |
| Median Age | 41.5 | 44.3 | 43.2 |
| Unemployment Rate | 3.4% | 5.0% | 5.0% |
| Poverty Rate | 6.0% | 8.7% | 13.3% |
| Bachelor's Degree or Higher | 61.2% | 47.7% | 26.9% |
Demographics Charts
Race & Ethnicity
Gender
Education Level (adults 25+)
Nearby ZIP Codes
- 01880 – Wakefield
- 01960 – Peabody
- 01867 – Reading
- 01864 – North Reading
- 01937 – Hathorne
- 01904 – Lynn
- 01906 – Saugus
- 01949 – Middleton
- 01923 – Danvers
- 02180 – Stoneham
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 01880 | WAKEFIELD | 27,026 | $125,707 |
| 01960 | PEABODY | 54,057 | $91,032 |
| 01867 | READING | 25,443 | $154,505 |
| 01864 | NORTH READING | 15,529 | $141,442 |
| 01937 | HATHORNE | 176 | Not provided |