Why Live in Fays Estate
Fay’s Estate is a residential neighborhood in Lynn, Massachusetts, a city known for its manufacturing history and cultural diversity. The area features a mix of single-story cottages, Cape Cods, ranch styles, and two-story Colonial Revivals, primarily built from the late 1800s to the mid-1950s. Homes typically have three or four bedrooms. The neighborhood is car-dependent but has several Massachusetts Bay Transportation Authority bus stops and a commuter rail station offering direct access to Boston. For drivers, Massachusetts State Route 1A and Interstate 93 provide routes to downtown Boston and Boston Logan International Airport, both about 12 to 13 miles away. Fay’s Estate is safer than the national average, with a crime score of 2 out of 10. Local attractions include the Lynn Woods Reservation, which offers over 2,200 acres of forested woodlands, trails, and the Dungeon Rock cave. Manning Field and Fraiser Field are popular for sports, while Barkland Avenue Dog Park is a favorite for pet owners. Nahant Bay, located about 5 miles away, is ideal for water activities. Dining options in Lynn include Lynnapesaukee Four Winds Pub & Grill and Nightshade Noodle Bar. The neighborhood hosts events like the Lynn Arts & Culture Festival, Youth Pride event, and the annual Juneteenth Celebration. For shopping, residents can visit Stop & Shop on Washington Street or head to nearby Salem for Walmart, Target, and Market Basket.
Frequently Asked Questions
Is Fays Estate a good place to live?
Fays Estate is a good place to live. Fays Estate is considered car-dependent and somewhat bikeable with some transit options. Fays Estate is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Fays Estate has 8 parks for recreational activities. It is somewhat dense in population with 7.3 people per acre and a median age of 44. The average household income is $146,087 which is above the national average. College graduates make up 20% of residents. A majority of residents in Fays Estate are home owners, with 2.7% of residents renting and 97.3% of residents owning their home. A
local real estate agent serving Fays Estate can help you decide if this neighborhood is the right one for you. Learn more on our
Fays Estate neighborhood guide.
Is Fays Estate, MA a safe neighborhood?
Fays Estate, MA is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Fays Estate?
The median home price in Fays Estate is $550,000. If you put a 20% down payment of $110,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,850 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $122K a year to afford the median home price in Fays Estate. The average household income in Fays Estate is $146K.
What are the best public schools in Fays Estate?
The best public schools that serve Fays Estate are:
What are the best private schools in Fays Estate?
The best private schools that serve Fays Estate are:
What are the most popular zip codes in Fays Estate, Lynn, MA?
What are the most popular neighborhoods near Fays Estate, Lynn, MA?
Are home prices dropping in Fays Estate?
Yes, home prices in Fays Estate are down 61% in the last 12 months.
Home Trends in Fays Estate, MA
On average, homes in Fays Estate, Lynn sell after 43 days on the market compared to the national average of 70 days. The median sale price for homes in Fays Estate, Lynn over the last 12 months is $389,500, down 76% from the median home sale price over the previous 12 months.
Median Sale Price
$389,500
Median Single Family Sale Price
$536,800
Average Price Per Sq Ft
$246
Number of Homes for Sale
3
Last 12 months Home Sales
8
Median List Price
$550,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-76%