Lenox, MA—01240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lenox, MA
As of Oct '25, the median home price in Lenox, MA is $604,000, with a year-over-year change of 1.6%. This indicates that home prices in Lenox, MA are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $604,000 | 1.6% |
| Single Family | $633,000 | 1.6% |
| Condos | $476,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $239,000 | 2.6% |
2 Bed | $354,000 | -1.1% |
3 Bed | $609,000 | 1.3% |
4 Bed | $738,000 | 1.2% |
| 5 Bed | $1,150,000 | 1.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lenox, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lenox, MA is 86. This is a increase of 42.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | -6.0% |
Listing Count | 30 | 1.0% |
| Listings as % of Homes | 0.8% | 1.0% |
Days on Market | 86 | 42.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lenox, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $604,000 |
| Median Household Income | $99,700 |