Lexington is a town rich in history, moderately affluent, with excellent schools and a low crime rate. This is a desirable suburb of Boston, as many people want to work in the heart of downtown Boston but live in a more residential neighborhood. If you have a family and want to live in a beautiful colonial home that is true to Lexington's roots, the majority of homes on the market in Lexington are traditional colonials. While you can find some high end condos in the area, Lexington has a large number of single family homes for people who don't want to live in an apartment or complex.
What are the demographics of Lexington?
The median resident age in Lexington is 45.8, higher than Massachusetts as a whole which is 39.4. 71% of the population of Lexington identifies as White only, 22.3% is Asian only, and 3.5% are two or more races. 48% of the Lexington population are males, 52% are females.
What is Lexington best known for?
Lexington is rich in history, and it is one of the first settlements in the United States. You can visit The Old Burying Ground, The Belfry, The U.S.S. Lexington Memorial and a number of historical houses that have been preserved. As the site where the famous ride of Paul Revere began, the town of Lexington is steep in colonial history and you can be part of the history by touring through the town and visiting some of the historical sites.
What is the quality of life like in Lexington?
With a high income per capita in Lexington, the area is affluent. Homes are well kept, and the outdoor parks and walking trails are neatly maintained. While it may be more expensive to shop or dine in Lexington, residents enjoy the numerous food options and unique shopping opportunities that Lexington has to offer. The homes have been maintaining their value over the past several years, and home values are expected to rise slightly in the next year.
The school system in Lexington is a wonderful one. With a low student to teacher ratio of 12:1, and a high graduation rate, the town of Lexington is committed to providing a quality education to all of its young residents. The average test scores are 86%, well above the national average of 65%. There are ten total public schools in Lexington, and eight total private schools.
The low crime rate in Lexington has many people flocking to the area. With an overall crime rate that is 76% lower than the national average, Lexington is a safe community in which to live as an individual or to raise a family. Lexington is more safe than 90% of the cities and towns in the United States, and residents choose to live in Lexington because of this low crime rate.
What is the culture like in Lexington?
With several museums and historic memorials in Lexington, the area also offers a local Council for the Arts which promotes local cultural activities in an effort to support the arts. Individuals can participate in community theater, or take in a show during the weekend.
Lexington offers boutique shopping in the downtown area, where you can visit local stores and then spend some time at one of the favorite restaurants of the locals. The fare ranges from traditional American food to Indian cuisine, and just about anything in between. When you want to find the perfect gift for someone, head to downtown Lexington to shop in one of the locally owned shops.
The housing market in Lexington is a stable one. Home prices have risen slightly, but this means that homes are retaining their value. With an almost 7% increase in home values in 2015, this year homes can expect a more modest value increase of 1-2%. It's a sellers market in Lexington, as the number of homes on the market are low compared to the number of buyers that want to live in the area.
If you are considering moving to Lexington, it's important to understand that if you find a home you love, you will have to make an offer quickly. This means you should be ready to make an offer by having your mortgage pre-approved. When you know what you can afford when it comes to your new home, it will be easier to make an offer on the home of your dreams.
With mortgage rates continuing to be low for Lexington, it's time to buy if you have the credit to do so. Homeowners are paying low rates, and this often translates into mortgage payments that are lower than rent for a similar or even smaller property. If you qualify for a mortgage, now is the time to make an investment in a piece of property.
