Lexington, MA—02420
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lexington, MA
Home Price Trends — Lexington, MA
As of Oct '25, the median home price in Lexington, MA is $1,494,000, with a year-over-year change of 1.7%. This indicates that home prices in Lexington, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,494,000 | 1.7% |
| Single Family | $1,618,000 | 2.2% |
| Condos | $804,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $465,000 | 0.4% |
2 Bed | $770,000 | 2.1% |
3 Bed | $1,208,000 | 2.5% |
4 Bed | $1,693,000 | 2.2% |
| 5 Bed | $2,446,000 | 2.3% |
% of Housing Stock
Rental Trends — Lexington, MA
As of July '25, Rentcast reports the average rent in Lexington, MA is $4,850, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Lexington, MA is studios: $2,000, 1-bedrooms: $2,740, 2-bedrooms: $3,370, 3-bedrooms: $4,560, 4-bedrooms: $5,930. The most common rental property sizes in Lexington, MA are 2-bedroom and 3-bedroom, accounting for 34.8% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,300 | $4,850 |
| Studio Rent | $2,000 | $2,000 |
| 1 Bed Rent | $2,800 | $2,740 |
| 2 Bed Rent | $3,100 | $3,370 |
| 3 Bed Rent | $4,300 | $4,560 |
| 4 Bed Rent | $5,750 | $5,930 |
% of Rental Stock
Property Listings — Lexington, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, MA is 31. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,620,000 | -23.0% |
Listing Count | 36 | 36.0% |
| Listings as % of Homes | 0.4% | 36.0% |
Days on Market | 31 | -10.0% |
Demographics — Lexington, MA
As of the latest ACS Survey released in 2023, Lexington, MA has a population of 16,300, which has increased by 12.4% over the past 5 years. Lexington, MA is a popular place for families, as children make up 27.3% of the population. The area has a highly educated workforce, with 85.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 12.4% |
% Under 18 | 27.3% | 5.0% |
% Seniors | 19.2% | 1.1% |
% WFH | 29.3% | 233.0% |
% w/ College Degree | 85.3% | 3.0% |
As of the latest ACS Survey released in 2023, Lexington, MA is a predominantly white area, with 56.4% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Lexington, MA is asian, making up 31.3% of the population. Foreign-born residents account for 30.9% of the population in Lexington, MA, and this percentage has increased by 17.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.4% | -11.3% |
% Black | 2.7% | 575.0% |
% Hispanic | 3.9% | 160.0% |
% Asian | 31.3% | 0.0% |
% Foreign Born | 30.9% | 17.0% |
Mortgage and Risk — Lexington, MA
According to HUD data as of 2023, there were 190 mortgage originations in Lexington, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Lexington, MA. Investor activity is low, as 2.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 190 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Lexington, MA
As of 2024, the percent of homes in Lexington, MA under the Section 8 program is 3.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lexington, MA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $2,800 | $2,950 |
| 2 Bedroom | $390 | $3,100 | $3,490 |
| 3 Bedroom | -$100 | $4,300 | $4,200 |
| 4 Bedroom | -$1,120 | $5,750 | $4,630 |
Affordability — Lexington, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $1,494,000 |
| Median Household Income | $233,000 |