PlainZIP

Lynnfield, MA · standard

ZIP Code 01940

Essex County, Massachusetts - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

12,108
443/sq mi
$173,214
Median income
$905,400
Median home value
62.7%
Bachelor's or higher

The verdict

Lynnfield pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.

Top 2%
household income, US ZIPs
Top 3%
home value, US ZIPs
443
people per sq mi
88%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 01940 against every reporting US ZIP.

ZIP code 01940 is a mid-sized community (a standard USPS delivery area) in Lynnfield, Essex County, Massachusetts, home to 12,108 residents across 27.3 square miles, a density of 443 people per square mile, in the New York time zone.

ZIP 01940 skews affluent, with a median household income of $173,214 (50% above the Massachusetts average), while per-capita income is $78,738. Poverty here runs at 5.9%, with unemployment measured at 2.9%. Housing costs here run $905,400 for a typical home value (51% above the state average), with rent averaging $2,676 a month; 87.7% of homes are owner-occupied.

This is a highly-educated ZIP: 62.7% of adults hold a bachelor's degree or higher, the median age is 41.9, and the average commute is 32 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Essex County, so you can benchmark 01940 against its immediate geography rather than a national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 01940

Top 5 sectors by establishment count in Lynnfield, MA

Which industries have the most business establishments in ZIP 01940.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 01940, Lynnfield, MA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

12,108

Population

27.3

Area (sq mi)

443

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 01940?

41.9

Median Age

48.6%

Male

51.4%

Female

10.6%

Foreign-Born

White 81.7%
African American 1.0%
Asian 6.8%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.6%
Hispanic or Latino 5.5%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$173,214

Median Household Income

+50% vs state

$78,738

Per Capita Income

5.9%

Poverty Rate

2.9%

Unemployment Rate

32.1 min

Mean Commute Time

How ZIP 01940 ranks nationally

Lynnfield, MA household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$173,214 Top 2% higher than 98% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Below this entry. $140,000–$160,000: 686 US ZIPs (2%). Below this entry. $160,000–$180,000: 364 US ZIPs (1%). This entry sits in this band. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 78.5%
Bachelor's Degree or Higher 62.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

4,815

Total Housing Units

4,650

Occupied Units

165

Vacant Units

2.84

Avg Household Size

Occupancy Type

Owner 87.7%
Renter 12.3%

$905,400

Median Home Value

+51% vs state

$2,676

Median Rent

1965

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+1.0%

YoY Change (2024)

243

HPI Index (2000 = 100)

+143%

Total Change Since 2000

Home values in ZIP 01940 have increased 1.0% over the past year (2024). Since 2000, this ZIP has seen +143% cumulative appreciation.

Year Annual Change HPI Index
2020 +0.5% 185
2021 +9.4% 202
2022 +14.0% 230
2023 +4.5% 240
2024 +1.0% 243

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 461 business establishments in ZIP 01940, employing approximately 6,066 people with a combined annual payroll of $367,180,000.

461

Businesses

6,066

Employees

$367.2M

Annual Payroll

13

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 82 17.8%
Retail trade 69 15.0%
Construction 50 10.8%
Health care and social assistance 43 9.3%
Finance and insurance 37 8.0%
Accommodation and food services 35 7.6%
Other services (except public administration) 34 7.4%
Administrative and support and waste management and remediation services 32 6.9%
Real estate and rental and leasing 26 5.6%
Transportation and warehousing 16 3.5%
Wholesale trade 15 3.3%
Educational services 8 1.7%
Information 5 1.1%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 01940 vs 01880 →

ZIP 01940 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 01940 ranks #9 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 01940 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 01940 ranks the highest of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
01880 Wakefield, MA 24,733 2.7 mi
01960 Peabody, MA 50,944 3.3 mi
01867 Reading, MA 23,956 3.5 mi
01906 Saugus, MA 26,660 4.7 mi
01949 Middleton, MA 8,987 4.9 mi
01864 North Reading, MA 14,892 4.1 mi
02176 Melrose, MA 26,983 5.6 mi
01937 Hathorne, MA 151 4.5 mi
01904 Lynn, MA 18,203 4.4 mi
02180 Stoneham, MA 21,437 5.2 mi

More ZIP Codes in Essex County

01960 standard
Peabody, MA
Pop: 50,944
01844 standard
Methuen, MA
Pop: 47,249
01841 standard
Lawrence, MA
Pop: 47,225
01902 standard
Lynn, MA
Pop: 45,139
01970 standard
Salem, MA
Pop: 41,109
01915 standard
Beverly, MA
Pop: 39,502

Related Areas

Essex County Lynnfield, MA Massachusetts

Frequently Asked Questions

What county is ZIP code 01940 in? ▼
ZIP code 01940 (Lynnfield) is located in Essex County, Massachusetts. Essex County contains multiple ZIP codes, see the full list at /counties/essex-ma.
What is the population of ZIP code 01940? ▼
ZIP code 01940 in Lynnfield, MA has a population of 12,108 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 01940? ▼
The median household income in ZIP 01940 is $173,214, which is 127% above the national average of $76,288.
What is the average home value in ZIP 01940? ▼
The median home value in ZIP 01940 is $905,400, which is 226% above the national average of $278,155.
What is the demographic makeup of ZIP 01940? ▼
The largest racial group in ZIP 01940 is White at 81.7%. Hispanic or Latino residents make up 5.5% of the population.
How many businesses are in ZIP code 01940? ▼
ZIP code 01940 has 461 business establishments employing approximately 6,066 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 01940? ▼
The top industries by establishment count in ZIP 01940 are: Professional, scientific, and technical services (82), Retail trade (69), Construction (50). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 01940? ▼
According to the FHFA House Price Index, home values in ZIP 01940 increased by 1.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 143%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 01940? ▼
In ZIP code 01940, 78.5% of residents aged 25+ have a high school diploma or higher, and 62.7% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 01940? ▼
The mean commute time for workers in ZIP code 01940 is 32.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 01940? ▼
In ZIP code 01940, approximately 87.7% of occupied housing units are owner-occupied and 12.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 01940? ▼
The poverty rate in ZIP code 01940 is 5.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.