Lexington, MA—02421
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 $1,573,000, 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 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,573,000 | 2.0% |
| Single Family | $1,613,000 | 2.5% |
| Condos | $1,043,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $948,000 | 3.4% |
3 Bed | $1,247,000 | 2.5% |
4 Bed | $1,686,000 | 2.7% |
| 5 Bed | $2,314,000 | 1.9% |
% of Housing Stock
Rental Trends — Lexington, MA
As of July '25, Rentcast reports the average rent in Lexington, MA is $4,590, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Lexington, MA is 1-bedrooms: $3,080, 2-bedrooms: $3,850, 3-bedrooms: $4,940, 4-bedrooms: $6,080. The most common rental property sizes in Lexington, MA are 1-bedroom and 2-bedroom, accounting for 37.7% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,940 | $4,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,920 | $3,080 |
| 2 Bed Rent | $3,640 | $3,850 |
| 3 Bed Rent | $5,010 | $4,940 |
| 4 Bed Rent | $5,900 | $6,080 |
% 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 33. This is a decrease of -24.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,570,000 | 11.0% |
Listing Count | 36 | 49.0% |
| Listings as % of Homes | 0.3% | 49.0% |
Days on Market | 33 | -24.0% |
Demographics — Lexington, MA
As of the latest ACS Survey released in 2023, Lexington, MA has a population of 17,800, which has decreased by -6.2% over the past 5 years. Lexington, MA is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 84.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | -6.2% |
% Under 18 | 25.6% | -4.8% |
% Seniors | 22.7% | 17.0% |
% WFH | 33.7% | 258.5% |
% w/ College Degree | 84.7% | 3.4% |
As of the latest ACS Survey released in 2023, Lexington, MA is a predominantly white area, with 55.8% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Lexington, MA is asian, making up 34.5% of the population. Foreign-born residents account for 36.3% of the population in Lexington, MA, and this percentage has increased by 31.5% 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 | 55.8% | -13.6% |
% Black | 1.5% | 7.1% |
% Hispanic | 2.8% | 16.7% |
% Asian | 34.5% | 24.5% |
% Foreign Born | 36.3% | 31.5% |
Mortgage and Risk — Lexington, MA
According to HUD data as of 2023, there were 337 mortgage originations in Lexington, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Lexington, MA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 337 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lexington, MA
As of 2024, the percent of homes in Lexington, MA under the Section 8 program is 7.8%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lexington, MA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 136 |
Total Units Section 8 | 123 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $2,920 | $3,550 |
| 2 Bedroom | $570 | $3,640 | $4,210 |
| 3 Bedroom | $60 | $5,010 | $5,070 |
| 4 Bedroom | -$320 | $5,900 | $5,580 |
Affordability — Lexington, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $1,573,000 |
| Median Household Income | $213,000 |