Buying into Lexington, MA real estate is buying also into history. It was in Lexington, as you may recall from grade school history, that the first engagement of the American Revolution occurred on April 19, 1775. In 1846 a railroad line extension reached Lexington and access Boston became considerably easier. Later in the 19th century the town established one of the country's first planning boards and zoning laws.

Lexington, MA Real Estate in the 21st Century

Lexington, with a population of approximately 30,300, has some 11,000 houses. Its owner-renter occupancy ratio is nine to two. Only 2,800 of its houses are older than 1939. Until the decline of agriculture with the coming of the railway, Lexington had been a very small town. New home construction has been very active for some time.

In 1996 56 single-family houses were built at an average cost of nearly $187,000. In 2001 the number was 81, with an average cost of $352,000. In 2002 72 were built, average cost $297,000. The median Lexington, MA real estate (house) value is approximately $417,000. The town's median household income is about $98,800.

An affluent suburban community, Lexington lies 11 miles northwest of downtown Boston, with an elevation of 317 feet. The town encompasses just over 16 square miles. Approximately 64 percent of Lexington, MA real estate is privately owned. Almost 10 percent is set aside as publicly held conservation land. Primarily residential, Lexington does have some industry, primarily services and manufacturing. Tourism, of course, is important thanks to Lexington's role in the Revolution.