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Lexington, MA Housing

 
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As of 2010-2014, median price of a house in Lexington is $710,600, which is much higher than the state average of $329,900 and is much higher than the national average of $175,700. The Lexington median house value has grown by 70.24% since 2000. The growth rate for the price of a house in Lexington is lower than the state average rate of 77.65% and is higher than the national average rate of 46.91%. The median year that a house in Lexington was built is 1958, which is about the same as the median year for a house built in the state which is 1959 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 9,499 Owner Occupied Houses in Lexington, MA, #11
Lexington, MA
710,600 USD
Massachusetts
329,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #130
Lexington, MA
70.24%
Massachusetts
77.65%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Lexington, MAMassachusettsU.S.
Total Housing Units12,236, see rank, 100%2,816,875132,741,033
Occupied Housing Units11,594, 94.75%, see rank90.12%87.55%
Owner Occupied9,499, 77.63%, see rank56.12%56.34%
Renter Occupied2,095, 17.12%, see rank33.99%31.21%
Vacant Housing Units642, 5.25%, see rank9.88%12.45%
For Rent85, 0.69%, see rank1.67%2.34%
For Sale Only56, 0.46%, see rank0.74%1.20%
Rented or Sold, Not Occupied155, 1.27%, see rank0.77%0.92%
For Seasonal, Recreational, or Occasional Use84, 0.69%, see rank4.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant262, 2.14%, see rank2.40%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #111
Lexington, MAMassachusettsU.S.
195819591976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Lexington, MA%MassachusettsU.S.
Owner-Occupied Units9,499100%1,580,93874,787,460
With a Mortgage6,38467.21%, see rank71.18%65.58%
Without a Mortgage3,11532.79%, see rank28.82%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Lexington, MA
3,510 USD
Massachusetts
2,095 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsLexington, MA%MassachusettsU.S.
$299 or Less00.00%, see rank0.09%0.20%
$300 to $499190.30%, see rank0.49%1.59%
$500 to $69900.00%, see rank1.47%5.01%
$700 to $999651.02%, see rank4.74%14.32%
$1,000 to $1,4991943.04%, see rank16.44%27.90%
$1,500 to $1,9993164.95%, see rank22.84%20.35%
$2,000 to $2,9991,61025.22%, see rank34.83%19.52%
$3,000 or More4,18065.48%, see rank19.10%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lexington, MA
23.10% of the Total Income
Massachusetts
24.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lexington, MA%MassachusettsU.S.
10% or Less3846.02%, see rank5.29%5.86%
10% to 20%2,17634.09%, see rank29.25%31.95%
20% to 30%1,72126.96%, see rank29.39%27.64%
30% to 40%85513.39%, see rank14.83%13.74%
40% or More1,24819.55%, see rank20.86%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Lexington, MA
1,001 USD
Massachusetts
707 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsLexington, MA%MassachusettsU.S.
$199 or Less00.00%, see rank1.57%7.76%
$200 to $299351.12%, see rank2.45%14.70%
$300 to $4991324.24%, see rank16.27%34.63%
$500 to $699963.08%, see rank28.91%21.16%
$700 or More2,85291.56%, see rank50.80%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lexington, MA
14.10% of the Total Income
Massachusetts
14.90% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lexington, MA%MassachusettsU.S.
10% or Less1,08734.90%, see rank31.52%40.19%
10% to 20%92329.63%, see rank31.52%31.47%
20% to 30%35111.27%, see rank14.65%12.24%
30% to 40%2618.38%, see rank7.86%5.64%
40% or More48115.44%, see rank13.41%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Lexington, MAMassachusettsU.S.
Total Housing Units12,236, 100%2,816,875132,741,033
1-unit, Detached9,275, 75.80%, see rank52.24%61.65%
1-unit, Attached680, 5.56%, see rank5.19%5.82%
2 Units475, 3.88%, see rank10.16%3.75%
3 or 4 Units351, 2.87%, see rank10.94%4.43%
5 to 9 Units134, 1.10%, see rank5.95%4.78%
10 or More Units1,321, 10.80%, see rank14.65%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.87%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Lexington, MAMassachusettsU.S.
Total Housing Units12,236, 100%2,816,875132,741,033
1 Room110, 0.90%, see rank2.33%1.95%
2 Rooms216, 1.77%, see rank3.02%2.48%
3 Rooms612, 5.00%, see rank10.03%9.13%
4 Rooms1,018, 8.32%, see rank15.77%16.60%
5 Rooms1,117, 9.13%, see rank18.26%20.41%
6 Rooms1,769, 14.46%, see rank17.63%18.06%
7 Rooms1,826, 14.92%, see rank12.23%12.27%
8 Rooms1,922, 15.71%, see rank9.28%8.48%
9 Rooms or More3,646, 29.80%, see rank11.45%10.60%
Median Rooms7.20, see rank5.505.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Lexington, MAMassachusettsU.S.
Total Housing Units12,236, 100%2,816,875132,741,033
No Bedroom120, 0.98%, see rank2.56%2.17%
1 Bedroom821, 6.71%, see rank14.08%11.16%
2 Bedrooms2,029, 16.58%, see rank28.19%26.69%
3 Bedrooms4,035, 32.98%, see rank34.72%39.70%
4 Bedrooms3,394, 27.74%, see rank16.00%16.05%
5 or More Bedrooms1,837, 15.01%, see rank4.45%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Lexington, MAMassachusettsU.S.
Total Housing Units11,594, 100%2,538,485116,211,092
Utility Gas5,201, 44.86%, see rank49.70%48.85%
Bottled, Tank, or LP Gas242, 2.09%, see rank2.86%4.86%
Electricity1,018, 8.78%, see rank14.23%36.68%
Fuel Oil, Kerosene, etc.4,985, 43.00%, see rank30.36%5.86%
Coal or Coke14, 0.12%, see rank0.13%0.12%
Wood97, 0.84%, see rank1.69%2.12%
Solar Energy8, 0.07%, see rank0.03%0.05%
Other Fuel20, 0.17%, see rank0.65%0.47%
No Fuel Used9, 0.08%, see rank0.35%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalLexington, MAMassachusettsU.S.
Occupied Units Paying Rent1,968, 100%924,80939,201,928
$199 or Less18, 0.91%, see rank2.07%1.50%
$200 to $29972, 3.66%, see rank5.74%3.18%
$300 to $499231, 11.74%, see rank7.69%7.37%
$500 to $69948, 2.44%, see rank8.07%16.01%
$700 to $99996, 4.88%, see rank20.08%29.17%
$1,000 to $1,499321, 16.31%, see rank31.42%26.88%
$1,500 to $1,999463, 23.53%, see rank15.67%9.79%
$2,000 or More719, 36.53%, see rank9.27%6.10%
Median$1,714, see rank$1,088$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Lexington, MAMassachusettsU.S.
Occupied Housing Units11,594, 100%2,538,485116,211,092
No Vehicles Available629, 5.43%, see rank12.57%9.12%
1 Vehicles Available3,072, 26.50%, see rank36.07%33.80%
2 Vehicles Available6,180, 53.30%, see rank36.51%37.48%
3 or More Vehicles Available1,713, 14.77%, see rank14.84%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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