Lexington, MA


Highest Appreciating Lexington Neighborhoods Since 2000

Lexington, MA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lexington Housing Market Information

With a population of 33,394, 11,531 total housing units (homes and apartments), and a median house value of $915,862, 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 75.43% of the town's housing units. Other types of housing that are prevalent in Lexington include large apartment complexes or high rise apartments ( 11.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.95%), and a few row houses and other attached homes ( 5.71%).

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 79.77% of Lexington's homes, and 61.45% 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 44.64% of the town's housing hails from this era. Other housing ages represented in Lexington include homes built before 1939 ( 22.90%) and housing constructed between 1970-1999 ( 19.40%). There's also some housing in Lexington built between 2000 and later ( 13.06%).

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 37.68% over the last ten years, which is an average annual home appreciation rate of 3.25%, 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 6.22%, which is higher than appreciation rates in 75.92% 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 1.07%, which equates to an annual appreciation rate of 4.36%.

Relative to Massachusetts, our data show that Lexington's latest annual appreciation rate is higher than 80% 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:


Value Range
> $1,237,000 24.8
$928,001 - $1,237,000 23.5
$618,001 - $928,000 35.7
$495,001 - $618,000 6.9
$371,001 - $495,000 4.4
$247,001 - $371,000 1.3
$124,001 - $247,000 1.6
$62,001 - $124,000 0.6
$0 - $62,000 1.1

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.35942810266026 3.2051282051282

Number Of Homes And Apartments:

Lexington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
82.61% 3.55% 10 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,604 / per month

Homeownership Rate

Owners 79.77
Renters 20.23
Vacant 4.30

Housing Market Details


Age of Homes

AGE OF Lexington HOMES
2000 or Newer 13.1
1970 - 1999 19.4
1940 - 1969 44.6
1939 or Older 22.9

Types of Homes

Single-Family 75.4
Townhomes 5.7
Small Apt. Buildings 6.9
Apt. Complexes 11.9
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 0.95
1 Bedroom 7.57
2 Bedrooms 15.40
3 Bedrooms 33.22
4 Bedrooms 28.23
5 or more bedrooms 14.63