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Lexington, MA—02420

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,574,000
2.0% YoY Growth
Household Income
$233,000
29.4% YoY Growth
Days on Market
30
10.0% Shorter YoY
Home Price Forecast
0.4%
Median Rent
$4,300
4.8% YoY Growth
1-Bed Rent
$2,800
0.4% YoY Growth
2-Bed Rent
$3,100
10.9% YoY Growth
3-Bed Rent
$4,300
2.2% YoY Growth

Other Zip Codes in Lexington, MA

02421
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lexington, MA

As of May '26, the median home price in Lexington, MA is $1,574,000, with a year-over-year change of 2.0%. This indicates that home prices in Lexington, MA are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,574,0002.0%
Single Family $1,702,0001.4%
Condos $820,0001.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $463,000
    -0.4%
    2 Bed
    		$789,0001.9%
    3 Bed
    		$1,274,0001.8%
    4 Bed
    		$1,771,0001.2%
    5 Bed $2,530,5571.3%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    2.4%
    2 Bedrooms
    15.3%
    3 Bedrooms
    29.4%
    4 Bedrooms
    33.1%
    5+ Bedrooms
    19.3%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.5%
    1 Bedroom
    12.8%
    2 Bedrooms
    34.8%
    3 Bedrooms
    29.2%
    4 Bedrooms
    18.8%
    5+ Bedrooms
    1.0%

    Property Listings — Lexington, MA

    As of May '26, Realtor.com reports that the median days on market for a home in Lexington, MA is 30. 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,270,000-26.0%
    Listing Count
    		89101.0%
    Listings as % of Homes0.4%101.0%
    Days on Market
    		30-10.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		16,30012.4%
    % Under 18
    		27.3%5.0%
    % Seniors
    		19.2%1.1%
    % WFH
    		29.3%233.0%
    % w/ College Degree
    		85.3%3.0%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$1,574,000
    Median Household Income$233,000

    Lexington, MA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lexington, MA

    02421

    Burlington, MA

    01803

    Arlington, MA

    02476

    Waltham, MA

    02452

    Bedford, MA

    01731

    Frequently Asked Questions