Most Expensive Lexington Neighborhoods
Lexington is a medium-sized town located in the state of Massachusetts. With a population of 33,075 people and six constituent neighborhoods, Lexington is the 53rd largest community in Massachusetts.
Lexington home prices are not only among the most expensive in Massachusetts, but Lexington real estate also consistently ranks among the most expensive in America.
Lexington is a decidedly white-collar town, with fully 96.62% of the workforce employed in white-collar jobs, well above the national average. Overall, Lexington is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Lexington who work in management occupations (21.70%), teaching (9.98%) and computer science and math (9.37%).
Also of interest is that Lexington has more people living here who work in computers and math than 95% of the places in the US.
And if you like science, one thing you'll find is that Lexington has lots of scientists living in town - whether they be life scientists, physical scientists (like astronomers), or social scientists (like geographers!). So, if you're scientific-minded, you might like it here too.
Telecommuters are a relatively large percentage of the workforce: 8.60% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Lexington is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Because of many things, Lexington is a great place for families with children to consider. First of all, many other families with children live here, making Lexington a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lexington has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lexington’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Lexington, however, the average commute to work is quite long. On average, people spend 31.75 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.
For the size of the town, public transportation in Lexington is quite heavily used. Mostly, people who use it for their daily commute are taking the subway. For Lexington, the benefits are reduced air pollution and congestion on the highways.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Lexington. 76.71% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Lexington in 2010 was $69,064, which is wealthy relative to Massachusetts and the nation. This equates to an annual income of $276,256 for a family of four.
Lexington is a very ethnically-diverse town. The people who call Lexington home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lexington residents report their race to be White, followed by Asian. Important ancestries of people in Lexington include Irish, Italian, English, German, Russian and Polish.
Lexington also has a high percentage of its population that was born in another country: 24.35%.
The most common language spoken in Lexington is English. Other important languages spoken here include Chinese and Korean.
|NUMBER OF HOMES AND APARTMENTS||11,594|
|LEXINGTON HOME OWNERSHIP|
|% OWNER OCCUPIED||80.53%|
|% RENTER OCCUPIED||19.47%|
|TYPE OF LEXINGTON HOMES|
|SINGLE FAMILY DETACHED||75.80%|
|ROWHOUSES AND ATTACHED HOMES||5.56%|
|SMALL APARTMENT BUILDINGS||6.75%|
|COMPLEXES OR HIGH RISE APARTMENTS||11.89%|
|SIZE OF LEXINGTON HOMES|
|5 OR MORE BEDROOMS||15.01%|
|AGE OF LEXINGTON HOMES|
|NEWER HOMES (2000 OR LATER)||13.36%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||18.76%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||44.43%|
|HISTORIC (1939 OR BEFORE)||23.45%|
|LEXINGTON REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$822,797|
|MEDIAN RENTAL PRICE||$2,207|
|HOME VALUE RANGE|
|$0 - $58,000||0.95%|
|$58,001 - $117,000||0.31%|
|$117,001 - $234,000||1.32%|
|$234,001 - $350,000||1.47%|
|$350,001 - $467,000||5.55%|
|$467,001 - $584,000||9.56%|
|$584,001 - $876,000||36.63%|
|$876,001 - $1,168,000||21.89%|
|PEOPLE OF LEXINGTON||DETAILS|
|UNDER 5 YEARS||5.26%|
|5 TO 17||20.97%|
|18 TO 24||5.01%|
|25 TO 34||5.60%|
|35 TO 54||30.09%|
|55 TO 64||14.75%|
|65 YEARS AND OVER||18.32%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||96.85%|
|MEDIAN HOUSEHOLD INCOME||$137,456|
|PER CAPITA INCOME||$69,064|
|INDIVIDUALS BELOW POVERTY LEVEL||4.35%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (21.19%)
Information Technology (3.16%)
Public Service (2.45%)
|BLACK OR AFRICAN AMERICAN||1.14%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.19%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.33%|
|TWO OR MORE RACES||3.12%|
|HISPANIC OR LATINO (OF ANY RACE)||1.84%|
|ETHNICITIES PRESENT||Irish (15.54%)
Eastern European (2.03%)
|LANGUAGES SPOKEN||English (69.97%)
Other Asian languages (1.66%)
Indic languages (1.50%)
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