02420, Lexington, MA

The Lexington, Massachusetts zip code of 2420 has a median home value of $245,000 and a median home equity of $122,500. This means that the majority (approximately 60%) of homes in this zip code are worth more than their original purchase price. Additionally, the average home value in this zip code has increased by 9% over the past five years.

Given these high home values and increasing trends, it is no surprise that Lexington is one of the most expensive ZIP codes in Massachusetts. In fact, it ranks as the fourth most expensive ZIP code in all of New England. However, despite its high cost-of-living index, Lexington still manages to be one of the most affordable places to live in Massachusetts. The average household income in this zip code is just under $100,000 – which makes it one of the more affordable places to live in Massachusetts as well.

So why do Lexington homes continue to appreciate at such high rates? There are several factors at play here: First and foremost, Lexington is located within close proximity to some of Boston's most prestigious neighborhoods – like Beacon Hill and Back Bay – which have consistently generated strong demand from buyers and sellers alike. Additionally, Lexington's strong economy continues to support healthy housing prices – especially given that wages have not kept up with inflation over recent years. And finally, there is always a demand for luxury homes within affluent neighborhoods – something that Lexington definitely delivers on!