Lexington, MA Real Estate
According to census data in the year 2000 there were 11,333 housing units in Lexington.
This represents a 4.5% growth from 10,841 in 1990.
Of those housing units, 11,333 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lexington is about 82.5%.
Lexington's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Lexington were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 5.90% |
| Two Bedrooms | 17% |
| Three Bedrooms | 39.20% |
| Four Bedrooms | 28.90% |
| Five Bedrooms or more | 8.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $417,400 |
| Median Price asked for vacant units | $270,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $1,199 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 50% |
| Debt Free | 33% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
