Lexington, located west of Boston, is known for its school district, so I often consult Korean families looking into this area for their children's education. I felt it was necessary to review how the housing market in this area has changed over the past five years.

According to Zillow data, the median price of single-family homes in Lexington was around $1.43 million at the beginning of 2021, and as of the first half of 2026, it is estimated to be about $1.88 million. This translates to an approximate cumulative increase of about 31-33% over five years.

Looking at the yearly trends, during the pandemic period from 2021 to 2022, low interest rates and the rise of remote work led to a shortage of listings, causing prices to rise rapidly. From the second half of 2022 to 2023, the impact of the Federal Reserve's interest rate hikes noticeably reduced transaction volumes, leading to a slowdown in price increases. After 2024, a gradual recovery is expected, and recently, the rate of increase has stabilized.

Considering that the national average cumulative increase over five years is estimated to be around 38%, Lexington's price increase is relatively lower than the national average, as it is already at a high price point. However, in terms of absolute price increases, it is still significant.

The background for this increase seems to be driven by high-income jobs from nearby universities and research facilities, demand for excellent public school districts, and the limited supply of new land for development in the area.

The future market is expected to depend on interest rate trends and the availability of new construction in the area, with cautious projections suggesting a continuation of gradual trends rather than sharp increases.

For Korean households, considering that the school district premium is already reflected in the prices, it seems necessary to compare budgets, commuting distances, and alternative areas.

Ultimately, I believe that approaching Lexington with a focus on long-term residency and school district value, rather than short-term price gains, aligns better with the nature of this local market.