Lexington MA

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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Lexington Housing Market Information

With 33,792 people, 11,757 houses or apartments, and a median cost of homes of $978,381, 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 75.70% of the town's housing units. Other types of housing that are prevalent in Lexington include large apartment complexes or high rise apartments ( 11.98%), row houses and other attached homes ( 7.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.15%).

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 80.90% of Lexington's homes, and 61.69% 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 41.79% of the town's housing hails from this era. Other housing ages represented in Lexington include homes built between 1970-1999 ( 23.01%) and housing constructed before 1939 ( 22.52%). There's also some housing in Lexington built between 2000 and later ( 12.68%).

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 59.33% over the last ten years, which is an average annual home appreciation rate of 4.77%, 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.

Over the last year, Lexington appreciation rates have trailed the rest of the nation. In the last twelve months, Lexington's appreciation rate has been 3.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lexington were at 0.57%, which equates to an annual appreciation rate of 2.29%.

Relative to Massachusetts, our data show that Lexington's latest annual appreciation rate is higher than 70% 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
> $1,181,000 32.8
$886,001 - $1,181,000 28.0
$590,001 - $886,000 26.1
$472,001 - $590,000 5.5
$354,001 - $472,000 3.4
$236,001 - $354,000 1.1
$118,001 - $236,000 1.3
$59,001 - $118,000 0.9
$0 - $59,000 0.9

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.33138686131387 2.88461538461538

Number Of Homes And Apartments:

Lexington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
107.43% 3.72%
* 10 is highest

Rent & Ownership


Average Market Rent:
$4,346 / per month

Homeownership Rate

Owners 80.90
Renters 19.10
Vacant 3.23

Housing Market Details


Age of Homes

AGE OF Lexington HOMES
2000 or Newer 12.7
1970 - 1999 23.0
1940 - 1969 41.8
1939 or Older 22.5

Types of Homes

Single-Family 75.7
Townhomes 7.1
Small Apt. Buildings 5.2
Apt. Complexes 12.0
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 0.57
1 Bedroom 6.21
2 Bedrooms 17.49
3 Bedrooms 31.27
4 Bedrooms 30.42
5 or more bedrooms 14.03