Lexington, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lexington, MA Real Estate Data


Lexington Housing Market Information

With a population of 33,394, 11,594 total housing units (homes and apartments), and a median house value of $939,242, Lexington house prices are not only among the most expensive in Massachusetts, Lexington real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lexington, accounting for 75.80% of the town's housing units. Other types of housing that are prevalent in Lexington include large apartment complexes or high rise apartments ( 11.89%), duplexes, homes converted to apartments or other small apartment buildings ( 6.75%), and a few row houses and other attached homes ( 5.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lexington. Owner-occupied housing accounts for 80.53% of Lexington's homes, and 60.71% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lexington's housing was primarily built during this period, from the '40s through the '60s. A full 44.43% of the town's housing hails from this era. Other housing ages represented in Lexington include homes built before 1939 ( 23.45%) and housing constructed between 1970-1999 ( 18.76%). There's also some housing in Lexington built between 2000 and later ( 13.36%).

Lexington Home Appreciation Rates

In the last 10 years, Lexington has experienced some of the highest home appreciation rates of any community in the nation. Lexington real estate appreciated 34.66% over the last ten years, which is an average annual home appreciation rate of 3.02%, putting Lexington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lexington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Lexington that despite a nationwide downturn in the housing market, Lexington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lexington appreciation rates continue to be some of the highest in America, at 6.02%, which is higher than appreciation rates in 74.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lexington. Lexington appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to Massachusetts, our data show that Lexington's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Lexington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lexington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lexington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$939,242

Lexington, MA HOME PRICES

Value Range
> $1,283,000 22.6
$963,001 - $1,283,000 21.9
$642,001 - $963,000 36.8
$514,001 - $642,000 9.2
$385,001 - $514,000 5.4
$257,001 - $385,000 1.5
$129,001 - $257,000 1.4
$64,001 - $129,000 0.3
$0 - $64,000 1.0

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.35269660947473 2.88461538461538

Number Of Homes And Apartments:
11,594

Rent & Ownership

 

Average Market Rent:
$2,240 / per month

Homeownership Rate

Homeownership
Owners 80.53
Renters 19.47
Vacant 5.25

Housing Market Details

 

Age of Homes

AGE OF Lexington HOMES
2000 or Newer 13.4
1970 - 1999 18.8
1940 - 1969 44.4
1939 or Older 23.4

Types of Homes

TYPE OF Lexington HOMES
Single-Family 75.8
Townhomes 5.6
Small Apt. Buildings 6.8
Apt. Complexes 11.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lexington HOMES
No Bedroom 0.98
1 Bedroom 6.71
2 Bedrooms 16.58
3 Bedrooms 32.98
4 Bedrooms 27.74
5 or more bedrooms 15.01

Lexington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
81.74% 3.58% 10 9
* 10 is highest