Lexington Multi-Family Homes
Lexington is located in Middlesex County and is part of the Greater Boston Area.
Neighborhoods
- The Countryside and Munroe Station neighborhoods, with a median real estate price of $1,012,895, are among the 4.1-percent highest-priced neighborhoods in the state and 2.9-percent highest-priced neighborhoods in the country. The average rental price, at $3,245, is higher-priced than 97.8-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and townhomes. Most housing units are owner-occupied and were built between 1940 and 1999. There is a vacancy rate of 6.4-percent. The average commute time is between 15 and 30 minutes.
- The Concord and Walnut Street neighborhoods, with a median real estate price of $969,84, is among the 4.9-percent highest-priced neighborhoods in the state and 3.3-percent highest-priced neighborhoods in the country. The average rental price, at $3,208, is higher-priced than 97.4-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes; studio to two-bedroom apartment complexes; and high-rise apartments. Most housing units are a mixture of owner-occupied and renter-occupied. They were built between 1940 and 1999. There is a vacancy rate of 2.6-percent. The average commute time is 15 to 30 minutes.
- The Adams Street and East Street neighborhoods, with a median real estate price of $930,753, are among the 6.4-percent highest-priced neighborhoods in the state and 4.0-percent highest-priced neighborhoods in the country. The average rental price, at $3,875, is higher-priced than 99.4-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and townhomes. Most housing units are owner-occupied. They were built between 1940 and 1999. There is a vacancy rate of 2.6-percent. The average commute time is between 15 and 30 minutes.
- The Town Center neighborhood, with a median real estate price of $917,317, is among the 5.6 -percent highest-priced neighborhoods in the state and 3.7-percent highest-priced neighborhoods in the country. The average rental price, at $2,184, is higher-priced than 75.6-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes; apartment complexes; and high-rise apartments. Most housing units are owner-occupied and were built before 1939 and between 1940 and 1969. There is a vacancy rate of 3.2-percent. The average commute time is between 15 and 30 minutes.
- The East Side and Follen Heights neighborhoods, with a median real estate price of $900,877, are among the 7.1-percent highest-priced neighborhoods in the state and 4.3-percent highest-priced neighborhoods in the country. The average rental price, at $2,597, is higher-priced than 88.2-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied and were built before 1939 and between 1940 and 1969. There is a high vacancy rate of 12.6-percent. The average commute time is 15 to 30 minutes.
- The North Side neighborhood, with a median real estate price of $887,100, is among the 6.4-percent highest-priced neighborhoods in the state and 4.1-percent highest-priced neighborhoods in the country. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied. They were built before 1939 and between 1940 and 1969. There is a vacancy rate of 7.9-percent. The average commute time is 45 to 60 minutes.
Click Here to Search
sales
This is a medium-sized town with 33,410 residents 96.39-percent of whom work in white-collar jobs with more residents working in the fields of computers and math than 95-percent of cities nationwide. The residents can be classified as urban sophisticates who enjoy reading, traveling, shopping, dining at fine restaurants, and supporting the arts. With 79.65-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $70,005, and $152,872 was the median household income. While 8.6-percent of the residents telecommute, the average commute for the rest of the residents is 31 minutes.
Of the 11,602 housing units, 79.5-percent are owner-occupied with a median home value of $917,137 and a vacancy rate of 4.6-percent. Since 2000, real estate values have appreciated 86.92-percent for an annual average of 3.54-percent. While 74.1-percent of the housing units in this city are single-family homes, the rest of the housing units include 6.9-percent townhomes, 6.4-percent small apartment buildings, and 12.6-percent apartment complexes. At 43.7-percent, most of the housing units were built between 1940 and 1969 with 22.9-precent built before 1939, 20.5-percent built between 1970 and 1999, and 12.8-percent built since 2000. The average rent is $3,208.
This city has a small amount of multi-family housing and a good occupancy rate. It is an upscale community, so property prices will be higher. Our agents know the area and can guide you to properties in this city that will provide a good occupancy rate and a good return on your investment, or they can show you properties in other areas . Our large database will provide you with a list of properties on the market. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents protects your investment.
In this upscale market, our agents can advise you whether this is a good time for you to sell. They can help you create a marketing plan for your property and set a price that reflects the market with room to negotiate. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. They can help you avoid buyers who need to sell property before they can close. If their other property does not sell, they may default on the closing and cost you another potential buyer who may have bought other property. So let one of our agents help you sell your property quickly at a good price.
For help in this upscale market, contact us to buy or list a multi-family property in Lexington.
Click Here
to Search
sales
Click Here
to Search
rentals