Lee, MA 01238 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lee, MA—01238

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$414,000

2.9% YoY Growth

Household Income

$74,500

2.4% YoY Growth

Days on Market

135

3.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$2,500

15.4% YoY Growth

1-Bed Rent

$1,550

30.4% YoY Growth

2-Bed Rent

$2,500

0.0% YoY Growth

3-Bed Rent

$2,600

15.4% YoY Growth

Home Price Trends — Lee, MA

As of Dec '25, the median home price in Lee, MA is $414,000, with a year-over-year change of 2.9%. This indicates that home prices in Lee, MA are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$414,000	2.9%
Single Family	$409,000	2.2%
Condos	$494,000	4.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lee, MA

As of July '25, Rentcast reports the average rent in Lee, MA is $2,250, with a year-over-year rent change of -15.4%. Per bedroom, the median rent as of July '25 in Lee, MA is 1-bedrooms: $1,630, 2-bedrooms: $2,500, 3-bedrooms: $2,920. The most common rental property sizes in Lee, MA are 1-bedroom and 3-bedroom, accounting for 40.2% and 24.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,250
Studio Rent	N/A	N/A
1 Bed Rent	$1,550	$1,630
2 Bed Rent	$2,500	$2,500
3 Bed Rent	$2,600	$2,920
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

6.4%

1 Bedroom

40.2%

2 Bedrooms

13.8%

3 Bedrooms

24.9%

4 Bedrooms

14.7%

Property Listings — Lee, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Lee, MA is 117. This is a increase of 4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$650,000	10.0%
Listing Count	14	-16.0%
Listings as % of Homes	0.7%	-16.0%
Days on Market	135	-3.0%

Loading chart...

Demographics — Lee, MA

As of the latest ACS Survey released in 2023, Lee, MA has a population of 5,890, which has remained stable by -0.2% over the past 5 years. Lee, MA is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,890	-0.2%
% Under 18	15.4%	-19.8%
% Seniors	33.3%	38.8%
% WFH	18.1%	269.4%
% w/ College Degree	45.5%	42.6%

Loading chart...

As of the latest ACS Survey released in 2023, Lee, MA is a predominantly white area, with 90.7% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Lee, MA is hispanic, making up 3.0% of the population. Foreign-born residents account for 6.6% of the population in Lee, MA, and this percentage has decreased by 49.6% 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	90.7%	1.3%
% Black	0.0%	-100.0%
% Hispanic	3.0%	66.7%
% Asian	1.8%	-45.5%
% Foreign Born	6.6%	-49.6%

Loading chart...

Mortgage and Risk — Lee, MA

According to HUD data as of 2023, there were 100 mortgage originations in Lee, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Lee, MA. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	100
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	3.0%
% Second Loans	4.0%
% Cash Out Refinance	3.0%

Loading chart...

Rentals and Section 8 — Lee, MA

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

Section 8 Market Size

Total Units under HUD	109
Total Units Section 8	58
% Rentals under Section 8	10.2%
% Occupied Section 8	92.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$100	$1,550	$1,450
2 Bedroom	-$660	$2,500	$1,840
3 Bedroom	-$240	$2,600	$2,360
4 Bedroom	N/A	N/A	$2,560

Lee, MA—01238

Key Metrics at a Glance

Home Price Trends — Lee, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lee, MA

% of Rental Stock

Property Listings — Lee, MA

Demographics — Lee, MA

Race and Ethnicity

Mortgage and Risk — Lee, MA

Mortgages

Rentals and Section 8 — Lee, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lee, MA

Home Price to Income Ratio

Lee, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lenox Dale

Tyringham

Lenox, MA

Larrywaug

Monterey, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$414,000
Median Household Income	$74,500

Lee, MA—01238

Key Metrics at a Glance

Home Price Trends — Lee, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lee, MA

% of Rental Stock

Property Listings — Lee, MA

Demographics — Lee, MA

Race and Ethnicity

Mortgage and Risk — Lee, MA

Mortgages

Rentals and Section 8 — Lee, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lee, MA

Home Price to Income Ratio

Lee, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Lenox Dale

Tyringham

Lenox, MA

Larrywaug

Monterey, MA

Frequently Asked Questions

What is the average home price in Lee, MA 01238?

How have home prices in Lee, MA 01238 changed over the past year?

What is the home price projection for Lee, MA 01238?

What are the demographics of Lee, MA 01238?

How long does it take homes to sell in Lee, MA 01238?

What is the average rent price in Lee, MA 01238?