The story of this market
The typical home in ZIP 02421 sells for about $1,700,000, or $572 per square foot.
Prices are down 8.6% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,383 a month.
ZIP 02421 — Lexington
The 02421 housing market is currently experiencing a cooling phase, with median sale prices down 8.6% year-over-year to $1.7M. Increased days on market suggest a shift in buyer demand, likely influenced by broader economic conditions and high interest rates. Several data points, including active inventory and specific tax rates, were not determinable at the ZIP level.
This ZIP is primarily suited for affluent family buyers seeking top-tier public schools and professionals working in the Boston-Cambridge tech and research sectors.
Median prices moved down 8.6% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — 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 8.3%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 02421, Middlesex County, MA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Lexington consistently ranks as one of the safest communities in Massachusetts, with crime rates significantly lower than both state and national averages.
Lexington is widely recognized for its high-performing public school system, which is a primary driver for family relocation to the area.
The area faces standard New England climate risks, including winter storms and occasional heavy rainfall, with moderate flood risk in specific low-lying zones.
The area benefits from proximity to the Boston-Cambridge technology and biotech corridors, with significant residential demand driven by high-income professionals.
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.
Residents typically commute to the Boston-Cambridge employment core via I-95/Route 128 and Route 2, with transit options available via nearby commuter rail stations.
The area features extensive green space, including the Minute Man National Historical Park, various conservation trails, and proximity to local golf clubs and community shopping centers.
The rental market includes large-scale apartment communities like Avalon at Lexington, with demand supported by the town's strong school reputation and proximity to major employment hubs.
The local economy is anchored by the broader Boston-Cambridge-Newton metropolitan area, with a heavy concentration in biotechnology, education, and professional services.
The area is served by major highway corridors including I-95 and Route 2, facilitating access to the greater Boston region.
Development is largely focused on residential infill and the maintenance of existing high-density rental communities.
Parcels are served by the Lexington Public Schools district and various municipal utility and service districts.
Property insurance premiums are stable but reflect the regional risk of winter storm damage and high property values.
Data retrieved from US Census Bureau and IncomeByZipCode.com.
- Boston Tea Party Ships & Museum4.610.5 mi
- Kimball Farm Westford4.614.5 mi
- Apex Entertainment Marlborough4.419.3 mi
- F1 Arcade Boston4.510.8 mi
- Museum of Illusions Boston4.510.1 mi
- Fenway Park4.88.8 mi
- TD Garden4.69.5 mi
- Thomas M. Menino Convention & Exhibition Center4.510.9 mi
- Topgolf Boston - Canton3.916.7 mi
- MGM Music Hall at Fenway4.48.8 mi
- Fenway Park4.88.8 mi
- Boston Common4.79.7 mi
- Museum of Fine Arts, Boston4.89.2 mi
- New England Aquarium4.410.3 mi
- Harvard Square4.66.7 mi
- Museum of Fine Arts, Boston4.89.2 mi
- Boston Public Library4.89.4 mi
- Isabella Stewart Gardner Museum4.79.1 mi
- Museum of Science4.79.1 mi
- Boston Tea Party Ships & Museum4.610.5 mi
- Boston Common4.79.7 mi
- Franklin Park Zoo4.411.1 mi
- Public Garden4.89.6 mi
- Charles River Esplanade4.89.1 mi
- Arnold Arboretum of Harvard University4.810 mi
- Robert T. Lynch Municipal Golf Course3.98.9 mi
- Newton Commonwealth Golf Course46.5 mi
- George Wright4.512.1 mi
- William J. Devine Golf Course at Franklin Park4.211.3 mi
- Sandy Burr Country Club4.38.4 mi
- Burlington Mall4.43.8 mi
- Encore Boston Harbor4.38.4 mi
- Natick Mall4.511.9 mi
- Prudential Center Boston4.59.3 mi
- Quincy Market4.510 mi
- Boston Logan International Airport4.112 mi
- Park Shuttle & Fly4.511.2 mi
- The Lounge3.411.6 mi
- DaCoopas Pizza4.110.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major historical site preserving the opening battle of the American Revolutionary War.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.