01940 Zip Code Detailed Profile




Cities: Lynnfield, MA (93.38%), Wakefield, MA (4.54%), Peabody, MA (2.06%), Lynn, MA (0.03%)
Counties: Essex County, MA (95.46%), Middlesex County, MA (4.54%)
Estimated zip code population in 2013: 12,299
Zip code population in 2010: 12,108
Zip code population in 2000: 11,542

Houses and condos: 4,711
Renter-occupied apartments: 671
% of renters here:

15%
State:

38%
Mar. 2013 cost of living index in zip code 01940: 134.8 (high, U.S. average is 100)

Land area: 10.5 sq. mi.
Water area: 0.7 sq. mi.
Population density: 1,166 people per square mile 
 
 (low).

Age and Sex of Residents in zip code 01940
Zip code 01940 (Lynnfield, Massachusetts) real estate house value trends

Recent home sales, real estate maps, and home value estimator for zip code 01940

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Real estate property taxes paid for housing units in 2013:
This zip code:

1.2% ($6,585)
Massachusetts:

1.2% ($3,955)
Median real estate property taxes paid for housing units with mortgages in 2013: $6,672 (1.2%)
Median real estate property taxes paid for housing units with no mortgage in 2013: $6,369 (1.3%)

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Males: 6,088  (49.5%)
Females: 6,211  (50.5%)

For population 25 years and over in 01940:

For population 15 years and over in 01940:

Zip code 01940 compared to state average:

  • Median household income above state average.
  • Median house value above state average.
  • Black race population percentage significantly below state average.
  • Hispanic race population percentage significantly below state average.
  • Median age above state average.
  • Foreign-born population percentage below state average.
  • Renting percentage significantly below state average.
  • Number of rooms per house above state average.
  • Races in zip code 01940

  • Zip code 01940 races chart
    • 11,263White population
    • 55Black population
    • 5American Indian population
    • 426Asian population
    • 0Native Hawaiian and Other Pacific Islander population
    • 35Some other race population
    • 99Two or more races population
    • 225Hispanic or Latino population

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Data:
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Based on 2000-2013 data
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123
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100% urban population.

Estimated median house/condo value in 2013: $536,600
01940:

$536,600
Massachusetts:

$327,200
Median resident age:
This zip code:

44.4 years
Massachusetts median age:

39.4 years
Average household size:
This zip code:

2.8 people
Massachusetts:

2.5 people

Averages for the 2012 tax year for zip code 01940, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $128,955 (Individual Income Tax Returns)
Here:

$128,955
State:

$81,425

Salary/wage: $102,579 (reported on 78.5% of returns)
Here:

$102,579
State:

$64,752
(% of AGI for various income ranges: 62.1% for AGIs below $25k, 64.1% for AGIs $25k-50k, 60.7% for AGIs $50k-75k, 61.7% for AGIs $75k-100k, 74.0% for AGIs $100k-200k, 57.3% for AGIs over 200k)

Taxable interest for individuals: $2,760 (reported on 60.3% of returns)
This zip code:

$2,760
Massachusetts:

$2,136
(% of AGI for various income ranges: 3.0% for AGIs below $25k, 1.7% for AGIs $25k-50k, 1.6% for AGIs $50k-75k, 1.5% for AGIs $75k-100k, 1.0% for AGIs $100k-200k, 1.3% for AGIs over 200k)

Ordinary dividends: $7,670 (reported on 44.2% of returns)
Here:

$7,670
State:

$9,473
(% of AGI for various income ranges: 5.2% for AGIs below $25k, 2.7% for AGIs $25k-50k, 2.8% for AGIs $50k-75k, 2.5% for AGIs $75k-100k, 2.4% for AGIs $100k-200k, 2.6% for AGIs over 200k)

Net capital gain/loss in AGI: +$16,405 (reported on 35.0% of returns)
Here:

+$16,405
State:

+$31,437
(% of AGI for various income ranges: 1.3% for AGIs $25k-50k, 0.6% for AGIs $50k-75k, 1.3% for AGIs $75k-100k, 1.3% for AGIs $100k-200k, 7.0% for AGIs over 200k)

Profit/loss from business: +$35,783 (reported on 17.7% of returns)
Here:

+$35,783
State:

+$20,662
(% of AGI for various income ranges: 10.1% for AGIs below $25k, 6.7% for AGIs $25k-50k, 5.9% for AGIs $50k-75k, 5.4% for AGIs $75k-100k, 5.0% for AGIs $100k-200k, 4.4% for AGIs over 200k)

Taxable individual retirement arrangement distribution: $26,739 (reported on 16.7% of returns)
01940:

$26,739
Massachusetts:

$18,892
(% of AGI for various income ranges: 7.1% for AGIs below $25k, 4.3% for AGIs $25k-50k, 5.7% for AGIs $50k-75k, 4.9% for AGIs $75k-100k, 3.6% for AGIs $100k-200k, 2.8% for AGIs over 200k)

Self-employment retirement plans: $21,460 (reported on 2.4% of returns)
01940:

$21,460
Massachusetts:

$20,669
(% of AGI for various income ranges: 0.9% for AGIs $25k-50k, 0.3% for AGIs $100k-200k, 0.5% for AGIs over 200k)

Total itemized deductions: $33,979 (17% of AGI, reported on 59.6% of returns)
Here:

$33,979
State:

$28,907

Here:

17.4% of AGI
State:

18.2% of AGI
(% of AGI for various income ranges: 28.4% for AGIs below $25k, 19.8% for AGIs $25k-50k, 20.9% for AGIs $50k-75k, 20.4% for AGIs $75k-100k, 19.6% for AGIs $100k-200k, 12.2% for AGIs over 200k)

Charity contributions: $3,209 (reported on 53.5% of returns)
Here:

$3,209
State:

$4,208
(% of AGI for various income ranges: 1.1% for AGIs below $25k, 1.2% for AGIs $25k-50k, 1.5% for AGIs $50k-75k, 1.4% for AGIs $75k-100k, 1.4% for AGIs $100k-200k, 1.3% for AGIs over 200k)

Taxes paid: $17,738 (reported on 59.6% of returns)
01940:

$17,738
State:

$13,303
(% of AGI for various income ranges: 9.2% for AGIs below $25k, 7.2% for AGIs $25k-50k, 8.9% for AGIs $50k-75k, 9.2% for AGIs $75k-100k, 9.8% for AGIs $100k-200k, 7.4% for AGIs over 200k)

Earned income credit: $1,568 (reported on 4.5% of returns)
Here:

$1,568
State:

$1,971
(% of AGI for various income ranges: 1.9% for AGIs below $25k, 0.4% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 66.1%
Here:

66%
State:

56%
(% for various income ranges: 60.5% for AGIs below $25k, 60.9% for AGIs $25k-50k, 69.6% for AGIs $50k-75k, 67.2% for AGIs $75k-100k, 66.7% for AGIs $100k-200k, 76.6% for AGIs over 200k)

Averages for the 2004 tax year for zip code 01940, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $95,841 (Individual Income Tax Returns)
Here:

$95,841
State:

$62,877

Salary/wage: $78,683 (reported on 77.3% of returns)
Here:

$78,683
State:

$52,969
(% of AGI for various income ranges: 166.0% for AGIs below $10k, 52.3% for AGIs $10k-25k, 61.7% for AGIs $25k-50k, 62.6% for AGIs $50k-75k, 73.1% for AGIs $75k-100k, 62.2% for AGIs over 100k)

Taxable interest for individuals: $2,776 (reported on 77.2% of returns)
This zip code:

$2,776
Massachusetts:

$1,945
(% of AGI for various income ranges: 25.0% for AGIs below $10k, 7.4% for AGIs $10k-25k, 3.6% for AGIs $25k-50k, 3.1% for AGIs $50k-75k, 2.2% for AGIs $75k-100k, 1.8% for AGIs over 100k)

Taxable dividends: $4,708 (reported on 53.2% of returns)
Here:

$4,708
State:

$5,323
(% of AGI for various income ranges: 16.5% for AGIs below $10k, 5.0% for AGIs $10k-25k, 3.4% for AGIs $25k-50k, 3.3% for AGIs $50k-75k, 2.7% for AGIs $75k-100k, 2.3% for AGIs over 100k)

Net capital gain/loss: +$16,743 (reported on 45.1% of returns)
Here:

+$16,743
State:

+$20,377
(% of AGI for various income ranges: -7.9% for AGIs below $10k, -0.1% for AGIs $10k-25k, 1.0% for AGIs $25k-50k, 2.2% for AGIs $50k-75k, 1.8% for AGIs $75k-100k, 10.2% for AGIs over 100k)

Profit/loss from business: +$27,226 (reported on 20.1% of returns)
Here:

+$27,226
State:

+$17,837
(% of AGI for various income ranges: 7.6% for AGIs below $10k, 9.6% for AGIs $10k-25k, 9.7% for AGIs $25k-50k, 6.7% for AGIs $50k-75k, 4.8% for AGIs $75k-100k, 5.3% for AGIs over 100k)

IRA payment deduction: $3,752 (reported on 4.4% of returns)
01940:

$3,752
Massachusetts:

$3,100
(% of AGI for various income ranges: 0.6% for AGIs $10k-25k, 0.5% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.2% for AGIs $75k-100k, 0.1% for AGIs over 100k)

Self-employed pension: $17,120 (reported on 3.3% of returns)
Here:

$17,120
Massachusetts:

$14,516
(% of AGI for various income ranges: 0.3% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.4% for AGIs $75k-100k, 0.7% for AGIs over 100k)

Total itemized deductions: $27,358 (19% of AGI, reported on 59.7% of returns)
Here:

$27,358
State:

$22,573

Here:

18.7% of AGI
State:

19.5% of AGI
(% of AGI for various income ranges: 47.8% for AGIs below $10k, 27.9% for AGIs $10k-25k, 22.5% for AGIs $25k-50k, 23.8% for AGIs $50k-75k, 23.5% for AGIs $75k-100k, 14.5% for AGIs over 100k)

Charity contributions deductions: $2,866 (2% of AGI, reported on 56.9% of returns)
Here:

$2,866
State:

$3,295

Here:

1.9% of AGI
State:

2.7% of AGI
(% of AGI for various income ranges: 1.8% for AGIs below $10k, 1.7% for AGIs $10k-25k, 2.1% for AGIs $25k-50k, 2.1% for AGIs $50k-75k, 2.0% for AGIs $75k-100k, 1.6% for AGIs over 100k)

Total tax: $20,005 (reported on 83.0% of returns)
01940:

$20,005
State:

$11,494
(% of AGI for various income ranges: 7.9% for AGIs below $10k, 4.9% for AGIs $10k-25k, 8.5% for AGIs $25k-50k, 9.5% for AGIs $50k-75k, 9.8% for AGIs $75k-100k, 20.3% for AGIs over 100k)

Earned income credit: $1,181 (reported on 3.4% of returns)
Here:

$1,181
State:

$1,518

Percentage of individuals using paid preparers for their 2004 taxes: 67.7%
Here:

68%
State:

58%
(% for various income ranges: 58.5% for AGIs below $10k, 68.4% for AGIs $10k-25k, 66.6% for AGIs $25k-50k, 67.0% for AGIs $50k-75k, 72.3% for AGIs $75k-100k, 72.7% for AGIs over 100k)

Estimated median household income in 2013:
This zip code:

$106,239
Massachusetts:

$66,768
Lynnfield, MA (01940) map Nearest zip codes: 01880, 01864, 01867, 01960, 01906, 01937.
Percentage of family households:
This zip code:

56.8%
Massachusetts:

48.3%
Percentage of households with unmarried partners:
This zip code:

3.4%
Massachusetts:

6.2%
Likely homosexual households (counted as self-reported same-sex unmarried-partner households)

Household received Food Stamps/SNAP in the past 12 months: 43
Household did not receive Food Stamps/SNAP in the past 12 months: 4,392


Women who had a birth in the past 12 months: 61 (61 now married, 0 unmarried)
Women who did not have a birth in the past 12 months: 2,637 (1,531 now married, 1,106 unmarried)


Housing units in zip code 01940 with a mortgage: 2,659 (138 second mortgage, 535 home equity loan, 42 both second mortgage and home equity loan)
Houses without a mortgage: 1,105

Median monthly owner costs for units with a mortgage: $2,910
Median monthly owner costs for units without a mortgage: S886

Residents with income below the poverty level in 2013:
This zip code:

2.1%
Whole state:

11.9%
Residents with income below 50% of the poverty level in 2013:
This zip code:

0.8%
Whole state:

6.5%
Median number of rooms in houses and condos:
Here:

7.8
State:

6.5
Median number of rooms in apartments:
Here:

3.2
State:

4.2
  • Notable locations in this zip code not listed on our city pages

  • Click to draw/clear zip code borders
  • Notable locations in zip code 01940: Colonial Golf and Country Club (A), Lynnfield Center Golf Club (B), Sagamore Springs Golf Club (C), Wakefield Industrial Center (D), Lynnfield Fire Department Station 2 (E), Summer Street School Library (F), Lynnfield Fire Department Station 1 Headquarters (G). Display/hide their locations on the map

    Churches in zip code 01940 include: Centre Congregational Church (A), Calvary Temple (B). Display/hide their locations on the map

    Cemetery: Willow Cemetery (1). Display/hide its location on the map

    Lakes and reservoirs: Nells Pond (A), Pillings Pond (B), Hawkes Pond (C), Ipswich River Reservoir (D). Display/hide their locations on the map

    Streams, rivers, and creeks: Beaverdam Brook (A). Display/hide its location on the map

Year house built

  • 332010 or later
  • 4622000 to 2009
  • 2361990 to 1999
  • 4951980 to 1989
  • 6751970 to 1979
  • 7391960 to 1969
  • 1,0341950 to 1959
  • 4291940 to 1949
  • 6081939 or earlier

Zip code 01940 satellite photo by USGS

Owner-occupied Renter-occupied

Bedrooms in owner-occupied houses and condos in Lynnfield, MA (01940)

  • 0no bedroom
  • 1231 bedroom
  • 4682 bedrooms
  • 1,3593 bedrooms
  • 1,5224 bedrooms
  • 2925+ bedrooms

Bedrooms in renter-occupied apartments in Lynnfield, MA (01940)

  • 98no bedroom
  • 1921 bedroom
  • 2172 bedrooms
  • 903 bedrooms
  • 744 bedrooms
  • 05+ bedrooms
Owner-occupied Renter-occupied

Cars and other vehicles available in Lynnfield, MA (01940) in owner-occupied houses/condos

  • 35no vehicle
  • 7311 vehicle
  • 1,8032 vehicles
  • 8703 vehicles
  • 2114 vehicles
  • 1145+ vehicles

Cars and other vehicles available in Lynnfield, MA (01940) in renter-occupied apartments

  • 163no vehicle
  • 2581 vehicle
  • 2432 vehicles
  • 73 vehicles
  • 04 vehicles
  • 05+ vehicles

Median gross rent in 2013: $1,230.


Median price asked for vacant for-sale houses and condos in 2013: $511,918.

Estimated median house (or condo) value in 2013 for:


Estimated median house or condo value in 2013: $536,600
01940:

$536,600
Massachusetts:

$327,200
Lower value quartile - upper value quartile: $410,200 - $705,600

Mean price in 2013:

Detached houses: $436,926
Here:

$436,926
State:

$401,982

Townhouses or other attached units: $289,224
Here:

$289,224
State:

$361,981

In 2-unit structures: $296,633
Here:

$296,633
State:

$330,410

In 3-to-4-unit structures: $317,900
Here:

$317,900
State:

$354,453

In 5-or-more-unit structures: $191,779
Here:

$191,779
State:

$330,502

Mobile homes: $132,803
Here:

$132,803
State:

$78,438

Owners and renters by unit type in %

Breakdown of mean house values by ages of householders

Housing units in structures:


Unemployment: 6.1%

Neighborhoods in zip code 01940:

Percentage of zip code residents living and working in this county: 44.3%

Household type by relationship:

Households: 12,284

Size of family households: 1,394 2-persons, 766 3-persons, 786 4-persons, 446 5-persons, 61 6-persons, 4 7-or-more-persons

Size of nonfamily households: 824 1-person, 154 2-persons

2,699 married couples with children.
223 single-parent households (118 men, 105 women).

88.3% of residents of 01940 zip code speak English at home.
2.4% of residents speak Spanish at home (86% very well, 14% not at all).
6.6% of residents speak other Indo-European language at home (83% very well, 9% well, 7% not well, 2% not at all).
2.3% of residents speak Asian or Pacific Island language at home (66% very well, 16% well, 15% not well, 3% not at all).
0.5% of residents speak other language at home (26% very well, 12% well, 37% not well, 25% not at all).

Foreign born population: 1,136 (9.2%)
(80.0% of them are naturalized citizens)
This zip code:

9.2%
Whole state:

15.6%

Most common places of birth for the foreign-born residents

  • 10%India
  • 8%Canada
  • 7%England
  • 7%Armenia
  • 7%Nicaragua
  • 5%Syria
  • 5%Italy

Most common first ancestries reported in 01940 (%)

  • 26%Italian
  • 20%Irish
  • 11%Other groups
  • 6%English
  • 3%German
  • 3%Greek
  • 3%Scottish

Year of entry for the foreign-born population

  • 252010 or later
  • 1762000 to 2009
  • 1731990 to 1999
  • 851Before 1990

Zip code 01940 topographic map

Facilities with environmental interests located in this zip code:


Zip code 01940 marital status for males
Zip code 01940 marital status for females

Housing units lacking complete plumbing facilities: 0.7%
Housing units lacking complete kitchen facilities: 2.0%

Most commonly used house heating fuel

  • 50%Utility gas
  • 37%Fuel oil, kerosene, etc.
  • 10%Electricity
  • 2%Other fuel
  • 1%Wood
  • 1%Bottled, tank, or LP gas

Population in 1990: 11,274. Population change in the 1990s: +268 (+2.4%).

Place of birth for U.S.-born residents:


75% of the 01940 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 49% lived in this county.
   Out of people who lived in different counties, 50% lived in Massachusetts.

92% of the 01940 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 56% moved from this county.
   Out of people who lived in different houses, 32% moved from different county within same state.
   Out of people who lived in different houses, 10% moved from different state.
   Out of people who lived in different houses, 3% moved from abroad.

Year Householders Moved Into Unit

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 114
Here:

8.4%
Massachusetts:

9.2%
Students in private schools in grades 9 to 12 (high school): 196
Here:

18.3%
Massachusetts:

10.8%
Students in private undergraduate colleges: 111
Here:

23.4%
Massachusetts:

45.6%

Educational Attainment (%)

School Enrollment by Level of School (%)

Class of Workers (%)

Occupation by median earnings in the past 12 months ($)

  • 146,181Arts, design, entertainment, sports, and media occupations
  • 112,500Architecture and engineering occupations
  • 100,608Management occupations
  • 97,059Business and financial operations occupations
  • 92,941Law enforcement workers including supervisors
  • 84,659Health diagnosing and treating practitioners and other technical occupations

Companies with federal contracts located in this zip code:

Top industries in this zip code by the number of employees in 2005:


Age and Sex of Sensory-Disabled Residents (Noninstitutionalized)

Age and Sex of Physically-Disabled Residents (Noninstitutionalized)

Age and Sex of Mentally-Disabled Residents (Noninstitutionalized)

Age and Sex of Self-Care Disabled Residents (Noninstitutionalized)

Age and Sex of Go-Outside-Home Disabled Residents (Noninstitutionalized)

Age and Sex of Residents with Employment Disability (Noninstitutionalized)

People in group quarters in 2010:

  • 7 people in group homes intended for adults
  • 3 people in other noninstitutional facilities

People in group quarters in 2000:

  • 8 people in homes for the physically handicapped
  • 4 people in religious group quarters

Fatal accident statistics in 2011:

  • Fatal accident count: 3
  • Vehicles involved in fatal accidents: 7
  • Fatal accidents caused by drunken drivers: 1
  • Fatalities: 3
  • Persons involved in fatal accidents: 6
  • Pedestrians involved in fatal accidents: 1
Home Mortgage Disclosure Act Aggregated Statistics For Year 2009
(Based on 4 full tracts)
A) FHA, FSA/RHS & VA
Home Purchase Loans
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED38$379,349195$345,6621,242$305,92142$179,89212$230,595
APPLICATIONS APPROVED, NOT ACCEPTED0$028$333,70594$317,9294$51,3780$0
APPLICATIONS DENIED2$349,17512$480,873207$368,78316$262,8350$0
APPLICATIONS WITHDRAWN8$333,52526$374,280159$299,5230$04$139,770
FILES CLOSED FOR INCOMPLETENESS0$06$620,78532$370,1802$184,7200$0

Detailed HMDA statistics for the following Tracts: 2091.00 , 2092.00

Private Mortgage Insurance Companies Aggregated Statistics For Year 2009
(Based on 4 full tracts)
A) Conventional
Home Purchase Loans
B) Refinancings
NumberAverage ValueNumberAverage Value
LOANS ORIGINATED18$369,31512$376,683
APPLICATIONS APPROVED, NOT ACCEPTED6$383,3304$341,218
APPLICATIONS DENIED6$380,0138$366,335
APPLICATIONS WITHDRAWN4$396,4280$0
FILES CLOSED FOR INCOMPLETENESS0$00$0

Detailed PMIC statistics for the following Tracts: 2091.00 , 2092.00

Conventional Home Purchase Loans

Conventional Home Purchase Loans - Value

Most common first names in zip code 01940 among deceased individuals
NameCountLived (average)
John11276.0 years
Mary9982.4 years
William6376.4 years
Helen5681.5 years
Robert5472.0 years
Joseph4977.1 years
James4871.4 years
Margaret4583.6 years
Charles4477.1 years
George4277.6 years
Most common last names in zip code 01940 among deceased individuals
Last nameCountLived (average)
Smith2678.5 years
Anderson1873.8 years
Brown1473.4 years
Johnson1375.3 years
Macdonald1182.1 years
Murphy1068.4 years
Burke980.8 years
Melanson968.1 years
Donovan980.3 years
Sullivan980.7 years
Businesses in zip code 01940
NameCountNameCount
Circle K1Nissan1
Dunkin Donuts2Penske1
FedEx2UPS3
Justice1

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