The story of this market
The typical home in ZIP 02420 sells for about $1,970,000, or $547 per square foot.
Prices are up +6% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $4,275 a month.
ZIP 02420 — Lexington
The 02420 housing market remains highly competitive with limited inventory and high price points, driven by strong demand for top-tier school districts. While median prices have seen modest year-over-year growth, the market pace is steady, reflecting a balance between high buyer interest and constrained supply. Note: Specific figures for price cuts and sale-to-list ratios were sourced from market reports where available; some metrics are based on recent area-level data.
This ZIP is best suited for affluent family buyers and professionals seeking high-quality schools and a suburban lifestyle with convenient access to the Boston metro area.
Median prices moved up 6.0% year over year.
Homes spend a median of 20 days on market with 1.4 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 2.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 02420, Middlesex County, MA
The area is served by highly-rated public schools, with the district consistently maintaining high performance metrics.
The county's overall natural-hazard risk is rated as relatively high, with ice storms, cold waves, and hurricanes identified as the primary threats.
Lexington maintains strong economic momentum as an affluent, historic suburb with high demand for luxury residential properties and proximity to Boston's employment hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Located approximately 11 miles northwest of Boston, the area offers a suburban commute profile with access to major highway corridors leading into the Boston-Cambridge-Newton employment core.
The area features extensive green space, historic sites, and local parks, with convenient access to shopping and dining districts within the town center.
The rental market is characterized by high demand and limited inventory, with rents trending upward and significant pressure from the proximity to major academic and tech employment centers.
The local economy is anchored by professional services, education, and technology sectors, benefiting from its location within the Greater Boston innovation corridor.
The area is served by regional highway access and local bus transit, though residents primarily rely on private vehicles for commuting.
Development is primarily focused on high-end residential infill and the preservation of historic town character.
The Middlesex County assessment regime follows state-mandated valuation cycles to ensure equitable property taxation.
Parcels are subject to standard municipal and county-level school and utility district levies.
Property insurance premiums are influenced by regional hazard exposure, particularly regarding storm-related risks.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 02420.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Boston Tea Party Ships & Museum4.611.5 mi
- Kimball Farm Westford4.613.6 mi
- F1 Arcade Boston4.511.8 mi
- Museum of Illusions Boston4.511.1 mi
- Boda Borg Boston4.78.1 mi
- Fenway Park4.810.1 mi
- TD Garden4.610.5 mi
- Thomas M. Menino Convention & Exhibition Center4.512 mi
- MGM Music Hall at Fenway4.410.2 mi
- Topgolf Boston - Canton3.918.8 mi
- Fenway Park4.810.1 mi
- Boston Common4.710.8 mi
- Museum of Fine Arts, Boston4.810.6 mi
- New England Aquarium4.411.3 mi
- Harvard Square4.68 mi
- Museum of Fine Arts, Boston4.810.6 mi
- Boston Public Library4.810.6 mi
- Isabella Stewart Gardner Museum4.710.6 mi
- Museum of Science4.710 mi
- Boston Tea Party Ships & Museum4.611.5 mi
- Boston Common4.710.8 mi
- Franklin Park Zoo4.412.7 mi
- Public Garden4.810.7 mi
- Charles River Esplanade4.810.3 mi
- Arnold Arboretum of Harvard University4.811.8 mi
- Burlington Mall4.41.6 mi
- Encore Boston Harbor4.39 mi
- Prudential Center Boston4.510.6 mi
- Quincy Market4.511 mi
- Faneuil Hall Marketplace4.511 mi
- Boston Logan International Airport4.112.7 mi
- Park Shuttle & Fly4.511.6 mi
- The Lounge3.412.3 mi
- DaCoopas Pizza4.111.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The site of the first shot of the American Revolutionary War.
A popular multi-use rail trail connecting Lexington to neighboring towns and Boston.
Key-figure check: median price diverges 35.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.