Housing in Lexington, MA is significantly more expensive than the national average. The median value of a house in Lexington is $1,322,600, which is almost 4 times higher than that of the US at $338,100. In the past year, there has been a 16.14% appreciation in house values in Lexington, Massachusetts - much higher than the 8.27% seen nationally. This increase in value indicates that housing in Lexington has become increasingly sought after and competitive over the last year.
The median home cost in Lexington is $1,322,600. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Lexington is up 10.8%.
Average Age of Homes
- The median age of Lexington real estate is 58 years old
The Rental Market in Lexington
- Renters make up 17.1% of the Lexington population
- 0.2% of houses and apartments in Lexington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.