Lenox, MA is known for having some of the highest housing values in the country. The median value of housing in Lenox is $522,700, which is significantly higher than that of the United States House Median Value, which currently stands at $338,100. Furthermore, the appreciation rate for houses in Lenox over the last year was 16.87%, much higher than the national average of 8.27%. This demonstrates that housing in Lenox is both expensive and rapidly increasing in value, making it an attractive area to invest or purchase a house.
The median home cost in Lenox is $522,700. Home appreciation the last 10 years has been 59.1%. Home Appreciation in Lenox is up 14.6%.
Average Age of Homes
- The median age of Lenox real estate is 48 years old
The Rental Market in Lenox
- Renters make up 27.3% of the Lenox population
- 1.8% of houses and apartments in Lenox, 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.