Lenox, MA 01240 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lenox, MA—01240

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$604,000

3.0% YoY Growth

Household Income

$99,700

37.1% YoY Growth

Days on Market

52.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$2,500

7.8% YoY Growth

1-Bed Rent

$1,900

27.6% YoY Growth

2-Bed Rent

$2,500

13.6% YoY Growth

3-Bed Rent

$3,200

13.4% YoY Growth

Home Price Trends — Lenox, MA

As of May '26, the median home price in Lenox, MA is $604,000, with a year-over-year change of 3.0%. This indicates that home prices in Lenox, MA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$604,000	3.0%
Single Family	$635,000	2.8%
Condos	$467,000	2.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lenox, MA

As of July '25, Rentcast reports the average rent in Lenox, MA is $2,640, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Lenox, MA is 1-bedrooms: $2,170, 2-bedrooms: $2,500, 3-bedrooms: $3,420. The most common rental property sizes in Lenox, MA are 1-bedroom and 2-bedroom, accounting for 38.2% and 35.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,640
Studio Rent	N/A	N/A
1 Bed Rent	$1,900	$2,170
2 Bed Rent	$2,500	$2,500
3 Bed Rent	$3,200	$3,420
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.6%

1 Bedroom

38.2%

2 Bedrooms

35.9%

3 Bedrooms

14.4%

4 Bedrooms

2.3%

5+ Bedrooms

0.6%

Property Listings — Lenox, MA

As of May '26, Realtor.com reports that the median days on market for a home in Lenox, MA is 32. This is a increase of 52.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$702,000	34.0%
Listing Count	36	24.0%
Listings as % of Homes	0.8%	24.0%
Days on Market	32	52.0%

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Demographics — Lenox, MA

As of the latest ACS Survey released in 2023, Lenox, MA has a population of 5,020, which has increased by 13.1% over the past 5 years. Lenox, MA is a less popular place for families, as children make up 14.1% of the population. The area has a highly educated workforce, with 51.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,020	13.1%
% Under 18	14.1%	18.5%
% Seniors	37.1%	-9.1%
% WFH	20.7%	9.5%
% w/ College Degree	51.6%	0.2%

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As of the latest ACS Survey released in 2023, Lenox, MA is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Lenox, MA is hispanic, making up 6.0% of the population. Foreign-born residents account for 9.6% of the population in Lenox, MA, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.8%	-0.1%
% Black	1.0%	-60.0%
% Hispanic	6.0%	30.4%
% Asian	0.3%	-72.7%
% Foreign Born	9.6%	-25.0%

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Mortgage and Risk — Lenox, MA

According to HUD data as of 2023, there were 77 mortgage originations in Lenox, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Lenox, MA. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	77
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	3.0%
% Second Loans	18.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Lenox, MA

Lenox, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	17
Total Units Section 8	17
% Rentals under Section 8	2.3%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$620	$1,900	$1,280
2 Bedroom	-$870	$2,500	$1,630
3 Bedroom	-$1,110	$3,200	$2,090
4 Bedroom	N/A	N/A	$2,250

Lenox, MA—01240

Key Metrics at a Glance

Home Price Trends — Lenox, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lenox, MA

% of Rental Stock

Property Listings — Lenox, MA

Demographics — Lenox, MA

Race and Ethnicity

Mortgage and Risk — Lenox, MA

Mortgages

Rentals and Section 8 — Lenox, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lenox, MA

Home Price to Income Ratio

Lenox, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lenox Dale

Pittsfield, MA

Lee, MA

Larrywaug

Richmond, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$604,000
Median Household Income	$99,700

Lenox, MA—01240

Key Metrics at a Glance

Home Price Trends — Lenox, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lenox, MA

% of Rental Stock

Property Listings — Lenox, MA

Demographics — Lenox, MA

Race and Ethnicity

Mortgage and Risk — Lenox, MA

Mortgages

Rentals and Section 8 — Lenox, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lenox, MA

Home Price to Income Ratio

Lenox, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lenox Dale

Pittsfield, MA

Lee, MA

Larrywaug

Richmond, MA

Frequently Asked Questions

What is the average home price in Lenox, MA 01240?

How have home prices in Lenox, MA 01240 changed over the past year?

What is the home price projection for Lenox, MA 01240?

What are the demographics of Lenox, MA 01240?

How long does it take homes to sell in Lenox, MA 01240?

What is the average rent price in Lenox, MA 01240?