Housing Insights for ZIP Code 01238 (Lee, MA)

Housing Summary for ZIP Code 01238

Homeowners

The median home value in ZIP Code 01238 (Lee, MA) is $278,300. Approximately 71.4% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 3.3%.

The average occupancy of owner-occupied units in ZIP Code 01238 is 2.61 occupants, while owner-occupied units have an aggregate average size of 2.89 bedrooms per housing unit.

Renters

In the 01238 ZIP Code, an estimated 28.6% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 7.3%.

Among renter-occupied units in this ZIP, the average occupancy is 1.97 occupants, while renters in this Berkshire County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 01238

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 01238.

ZIP 01238 Massachusetts U.S.
Median Home Value $278,300 $656,427 $364,385
Owner-Occupied Housing Units 71.4% 62.4% 64.0%
Homeowner Vacancy Rate 3.3% 1.0% 1.6%
Average Size of Owner-Occupied Unit 2.61 2.69 2.70
Average # of Bedrooms Per Unit 2.89 2.66 2.75
Median Housing Rent $0 $1,282 $1,062
Renter-Occupied Housing Units 28.6% 37.6% 36.0%
Rental Vacancy Rate 7.3% 3.6% 6.0%
Average Size of Renter-Occupied Unit 1.97 2.25 2.49
Percent of Income Spent on Rent 0% 29.76% 29.83%

Home Values in ZIP Code 01238 (Lee, MA)

The median home value in ZIP Code 01238 is $278,300. That median value is about 27% lower than the median home value of $381,600 in Massachusetts overall, and is 28% higher than the $217,500 the median home value in the entire U.S. An estimated 36.7% of homes in ZIP Code 01238 are valued $200,000 to $299,999. That is 88% higher than in Massachusetts, in which 19.5% of homes are valued at $200,000 to $299,999, and is about 87% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 01238 homes fall into is less than $50,000 (0.0% of homes).

Home Values in ZIP Code 01238

This chart visualizes the breakdown of home values in ZIP Code 01238, Massachusetts, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 01238 vs. home values in both the state of Massachusetts and in the U.S. overall.

Home Values in ZIP Code 01238

See the table below for a regional comparison of home values in ZIP Code 01238.

Home Value ZIP 01238 Massachusetts U.S.
Less than $50,000 0.0% 1.5% 6.9%
$50,000 to $99,999 1.0% 1.4% 12.0%
$100,000 to $149,999 4.0% 3.4% 13.3%
$150,000 to $199,999 15.8% 7.2% 14.0%
$200,000 to $299,999 36.7% 19.5% 19.6%
$300,000 to $499,999 23.5% 35.9% 19.3%
$500,000 to $999,999 12.4% 25.4% 11.4%
$1,000,000 or more 6.7% 5.8% 3.4%

Home Ages in ZIP Code 01238 (Lee, MA)

Approximately 35.8% of homes in this Lee, MA region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 01238 is about 10% higher than percentage of homes built in this time period in Massachusetts overall (32.5% of homes), and is 184% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 11.2% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.4% of homes in this Berkshire County ZIP Code were built in 2014 or later in ZIP Code 01238. In comparison, 1.6% of homes in Massachusetts overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 01238

A detailed regional comparison of home ages in ZIP Code 01238.

Year Built ZIP 01238 Massachusetts U.S.
2014 or later 0.4% 1.6% 2.5%
2010 to 2013 1.0% 1.7% 2.7%
2000 to 2009 4.7% 7.1% 14.0%
1990 to 1999 9.0% 7.7% 13.9%
1980 to 1989 11.2% 10.8% 13.4%
1970 to 1979 10.3% 11.6% 15.2%
1960 to 1969 10.9% 10.2% 10.6%
1950 to 1959 5.7% 11.3% 10.3%
1940 to 1949 10.9% 5.5% 4.9%
1939 or earlier 35.8% 32.5% 12.6%

Age of Homes in ZIP Code 01238

See the chart below for details on the age of homes in ZIP Code 01238, Massachusetts, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 01238

Frequently asked questions about housing in this Lee, MA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 01238.

1

What is the average home value ZIP Code 01238?

The median home value in ZIP Code 01238 (Lee, MA) is $278,300.
2

Are homes expensive in ZIP Code 01238?

The median home value in 01238 ($278,300) is an estimated 27% lower than the aggregate median value of $381,600 in Massachusetts, and is 28% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 01238?

The vacacy rate for owner-occupied housing in ZIP Code 01238 is 3.3%. This rate is 230% higher than the overall Massachusetts owner-occupied vacancy rate of 1.0%. Additionally, the 01238 vacancy rate is 106% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 01238 have older homes or newer construction?

In ZIP Code 01238, about 35.8% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 11.2% of homes in the region were built in 1980 to 1989. In contrast, 0.4% of homes in 01238 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 01238? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 01238 than renter-occupied housing. Owner-occupied units make up 71.4% of housing, compared to 28.6% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 01238?

The vacacy rate for rental units in ZIP Code 01238 is 7.3%. This rate is 103% higher than the overall Massachusetts vacancy rate of 3.6%. Additionally, the 01238 vacancy rate is 22% higher than the entire U.S. vacancy rate of 6.0%.