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Lexington CDP, MA

ZIP 02420 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02420

Median Home Value
$1,148,100
Median Rent
$2,722
Affordability Snapshot
$316,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,375/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

35.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02420 in Lexington CDP, MA, a household would need roughly $316,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $7,375. That is about 36% above the local median household income ($233,068), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.8%+33% vs US avg
x
Vacancy Rate
3.3%-68% vs US avg
x
Broadband Access
97.9%+12% vs US avg
x
4+ Bedrooms
19.3%+30% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
4.1%-40% vs US avg
x
Rent Burden >30%
21.3%-57% vs US avg
x
Mortgage-Free
36.9%-3% vs US avg
x
$1,148,100
Home Value
$2,722
Rent
1962
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached79.1%
  • 1-unit attached9.8%
  • 2-9 units6.7%
  • 10+ units4.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,148,100
Median rent$2,722
Owner-occupied86.8%
Vacant3.3%
Price-to-income4.9x
Est. income to buy$316,000