ZIP Code 01937

In ZIP code 01937, near Lynn, per-capita income stands at just $6,908, so even a lower-priced home would absorb a large share of earnings. The county-level effective property tax rate of 1.04% means a $300,000 house would carry roughly $3,120 in annual taxes — nearly half of what an average resident here earns in a year. Combined with a 6.25% sales tax on purchases, everyday costs add up quickly. Housing affordability in this area depends heavily on how home values align with local wages, and the gap here is substantial.