/ zip codes / massachusetts / 01940 /

01940 Zip Code

April 18, 2024

Zip Code:	01940
City/Town:	South Lynnfield
State:	Massachusetts

Population:	12,108
Per Capita Income:	$47,757
Mean Household Income:	$136,117

Total Housing Units:	4,486
Median Home Value:	$328,000
Median Year Homes Built:	1959

Land Area:	10.5 sq miles 27.3 sq kilometers
Water Area:	0.7 sq miles 1.7 sq kilometers

Population Information (01940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

12,108

Male:

5,870

48.5%

49.2%

Female:

6,238

51.5%

50.8%

Median Age:

45.0 yrs

37.2 yrs

Under 5 years:

541

4.5%

6.5%

5 to 9 years:

871

6.5%

6.6%

10 to 19 years:

1,795

14.8%

13.8%

20 to 29 years:

854

7.1%

13.8%

30 to 39 years:

1,019

8.4%

13.0%

40 to 49 years:

2,102

17.4%

14.2%

50 to 59 years:

1,918

15.8%

13.6%

60 to 69 years:

1,424

11.8%

9.4%

70 to 79 years:

884

7.3%

5.4%

80 years and over:

700

5.8%

3.7%

Housing Information (01940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$328,000

$119,600

Median year homes build:

1959

1971

Median real estate taxes:

$3,609 / yr.

$1,334 / yr.

Median rent:

$453 / mo.

$519 / mo.

Total households:

4,486

Family households:

3,388

75.5%

66.4%

Nonfamily households:

1,098

24.5%

33.6%

Households with individuals under 18 years:

1,570

35.0%

33.4%

Households with individuals 65 years and over:

1,568

35.0%

24.9%

Average household size:

2.7

Average family size:

3.2

Total housing units:

4,729

Occupied housing units:

4,486

94.9%

88.6%

Vacant housing units:

243

5.1%

11.4%

For rent:

1.5%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.8%

3.5%

All other vacants:

1.1%

2.8%

Homeowner vacancy rate:

1.6%

2.4%

Rental vacancy rate:

11.1%

9.2%

Owner-occupied housing units:

3,914

Population in owner-occupied housing units:

11,068

Average household size of owner-occupied units:

2.8

2.65

Renter-occupied housing units:

572

Population in renter-occupied housing units:

1,029

Average household size of renter-occupied units:

1.8

2.44

Educational Attainment (01940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

8,093

Less than 9th grade:

149

1.8%

6.2%

9th to 12th grade, no diploma:

296

3.7%

8.7%

High school graduate (includes equivalency):

1,727

21.3%

29.0%

Some college, no degree:

1,388

17.2%

20.6%

Associate degree:

540

6.7%

7.5%

Bachelor's degree:

2,271

28.1%

17.6%

Graduate or professional degree:

1,722

21.3%

10.3%

Percent high school graduate or higher:

94.5%

85.0%

Percent bachelor's degree or higher:

49.3%

27.9%

Income Information (01940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

4,162

34.4%

50.4%

Median income:

$54,903 / yr.

$27,932 / yr.

Full-time, year-round workers:

2,611

21.6%

59.7%

Median income:

$72,163 / yr.

$38,349 / yr.

Females 15 years and over with income:

3,859

31.9%

49.6%

Median income:

$20,112 / yr.

$16,327 / yr.

Full-time, year-round workers:

1,086

9.0%

40.3%

Median income:

$43,269 / yr.

$28,135 / yr.

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