02421, Lexington, MA

The Lexington zip code of 2421 has a median home value of $269,200 and a median home equity value of $141,000. These values are higher than the statewide median home value of $186,600 and the national median home equity value of $146,200. The Lexington zip code also has a lower than average percentage of homes with mortgages at 66%. This indicates that more homes in the Lexington zip code are owned outright or have less than a 30% mortgage.

The Lexington area has seen strong growth in both home values and home equity over the past several years. In 2016, the average home value in the Lexington area was $269,200 while the average home equity was $141,000. This represents an increase of 11% from 2015 and 26% from 2014. The growth in prices is likely due to increased demand for housing in the area as well as low interest rates which make it easier for people to borrow money to buy homes.

Despite this strong growth, there are still some areas in the Lexington zip code where prices are lower than average. The lowest priced homes in the area are located around Route 9 and I-91 which have an average price of $218,000 and $219,000 respectively. On the other hand, some areas near downtown Lexington have seen prices increase significantly due to their proximity to amenities like restaurants and shopping centers. For example, properties near Main Street have an average price of $289,900 while properties near New Circle Road have an average price of$339,700.