Rent to Own Homes near Lynn, MA

  • Although Lynn has a tumultuous past, it remains one of the most fascinating and richly preserved cities in America. First settled in 1629, it features streets filled with architecture reminiscent of the early years of America's beginnings. It also has a number of entertaining recreational opportunities in the Lynn Heritage State Park and at Lynn Beach. Additionally, Lynn is known for many charming qualities, such as being the home of the maker of Marshmallow Fluff and being the first city to offer the roast beef sandwich. Though the population has dropped a bit, there are still roughly 90,329 individuals living here, and it is starting to grow. Folks tired of the high prices of nearby Boston are slowly trickling in to take advantage of new lofts built out of old warehouses. There's no doubt Lynn is experiencing a renaissance.

Check out Lynn, MA homes for sale that may include: rent to own, foreclosure, HUD, for sale by owner and more

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Top Reasons to Live in Lynn MA

  • Housing Statistics The market is still depressed, but it won't stay that way for long. The diversity of the city and its proximity to Boston make it ideal for new residents to fill the downtown area. The cost of living is low as is the price of housing, so buying up property now is an excellent investment. The median price of a home was $186,316 in the period between January and March in 2013. This is well below many areas of Massachusetts. With a low annual residential turnover rate, just 13 percent, it's also clear that people stay once they've arrived. Further proof is seen in the ownership rate, 42.9 percent, and the rented rate, 50.8 percent, leaving just 6.3 percent vacant. Because there are so many renters, it's easy for folks hoping to own a home to consider rent to own homes rather than buying outright.
  • Arts and Culture Lynn has many points of interest both residents and visitors should explore. Lynn Beach is especially popular in the summer, but Lynn Woods Reservation offers a more terrestrial adventure among overgrown trees and lush forests. This large park features the Steel Tower, Stone Tower and Wolf Pits, famed for their parts in pirate lore and buried treasure stories. The Mary Baker Eddy House is also fascinating. She was the founder of the Christian Science Church and the house, one of eight she lived in, is preserved for tourists to view.
  • Transportation and Commutes Lynn is a singular city of its size. There are no main highways passing through Lynn, for those one must head to Lynnfield to catch the I-95 or Route 128. There are several routes that pass through, including Rout 1A, Route 107 and Route 129. It does have its own stop on the MBTA Commuter Rail, however, called Newburyport/Rockport. There are also several MBTA bus routes that take Lynn residents to Boston and back. The Logan International Airport is located five miles south from Lynn. Most people's commute times are fairly average, despite the lack of highways, with 31 minutes being the average amount of time to get to work.
  • Neighborhoods Though Lynn is made up of over a dozen small neighborhoods, there are three main areas referred to when hunting for real estate or exploring the town, East, West and Central Lynn.