As one of the first areas settled in the state of Massachusetts, Lexington is an area full of historical sites from colonial times in New England. The first battle of the American Revolution took place in Lexington. Although the areas surrounding Lexington became more industrialized, this section of eastern Massachusetts remained primarily a farming community.
Historical Significance
The majority of homes in Lexington are single family colonials, a clear indication that Lexington has remained true to its colonial roots. With the rich history of the town of Lexington, there are a number of famous historical landmarks spread throughout the area. The Revolutionary Monument, the oldest war memorial in the United States, is in Lexington and is the site where Paul Revere began his famous ride to warn colonists that the British were coming. Each year the town commemorates this famous ride with a reenactment.
The median home price in Lexington is $828,900, which is up 7.5% from one year ago. Home values are expected to continue to rise slightly, and market predictions are looking at a 1.6% increase over the next year. The real estate market is healthy in Lexington, and home values aren't expected to dip any time soon. With mortgage rates continuing at a low rate, buyers are able to purchase homes in the Lexington area for prices they may not have been able to afford previously.
The town center of Lexington is a bustling area that includes a variety of restaurants, museums, and locally owned businesses. Lexington is a short ride into the heart of Boston, and many people who work in the city choose Lexington as their home town. With a low crime rate when compared to the rest of the United States, Lexington is a safe town for those that want to raise a family in this beautiful area.
Entertainment
Restaurants such as Neillios Gourmet Kitchen, Jackson's Kitchen and Royal India Bistro are some of the local favorites. From traditional American fare to excellent ethnic food, there are a number of great restaurants in Lexington to choose from. If you want some unique shopping options, head on over to Scenic Shopping, a shopping area full of unique, locally owned shops where you can find almost anything.
Fitness
There are numerous bike routes throughout Lexington, as well as recreational fields and playgrounds for young children. When the weather is nice, families and individuals can enjoy the outdoor trails that weave through the town. Lexington is getting close to meeting their goal of having 40 miles of walking, hiking and off road biking paths that residents can enjoy.
Check out the Hayden Recreation Centre, which offers recreational programs for youth and adults that live or work in Lexington. With an indoor swimming pool and a full size ice rink, this recreation centre is a popular place for individuals and families looking to play sports or get some general exercise.
Home prices in Lexington are above the national average, and the cost of living is 125% higher than the US average. Unemployment rates in Lexington are only 3.5%, far below the US average of 6.3%. The school system is excellent, and the town of Lexington spends $17,343 per student as compared to the national average of $12,435. There are only 12.5 students per teacher within the Lexington school system.
With home prices remaining stable, now is a good time to purchase a home in Lexington, Massachusetts. Residents love the strong school system, the historical significance of the area and the close proximity to the center of downtown Boston. When you want to live in a suburb with a neighborhood feel, full of both indoor and outdoor recreation opportunities, Lexington is a wonderful place to consider. Homes aren't losing their value, and they aren't expected to go down in value any time soon. People want to live in Lexington, and the number of houses available for purchase vs. the number of people that want to buy these houses is low.
The low number of houses for sale make Lexington a buyers market, so if you find a home that you love in Lexington, it's important to make an offer on the property quickly.
