The story of this market
The typical home in ZIP 01240 sells for about $712,500, or $307 per square foot.
Prices are up +92.6% from a year ago, so sellers still have some momentum. Homes take about 117 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,500 a month.
ZIP 01240 — Lenox
The 01240 housing market shows significant price appreciation and low inventory, driven by high demand for lifestyle-oriented properties in the Berkshires. While sales volume remains constrained, the market remains competitive for well-priced homes. Note that some specific metrics like active price-cut percentages were not available at the ZIP level and are omitted.
This ZIP is ideal for families seeking high-quality schools, retirees attracted to the cultural and natural amenities, and second-home owners drawn to the Berkshires' lifestyle.
Median prices moved up 92.6% year over year.
Homes spend a median of 117 days on market with 5.3 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 01240, Berkshire County MA
Lenox generally experiences low crime rates, consistent with the broader Berkshire County region, which is characterized by small-town safety and community-oriented policing.
The area is served by the Lenox Public Schools district, which is highly regarded for its academic performance and small class sizes compared to state averages.
The region faces moderate risks related to winter weather and occasional heavy precipitation, with standard insurance coverage for flood and wind typically required for properties in specific zones.
Economic momentum is driven by the tourism, arts, and hospitality sectors, anchored by institutions like Tanglewood and local cultural attractions, with limited large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Commuting is primarily car-dependent, with residents traveling via local routes to employment hubs in Pittsfield or toward the I-90 corridor for regional access.
The area is a premier destination for outdoor and cultural recreation, featuring proximity to Tanglewood, Kennedy Park, and numerous hiking trails, alongside a historic downtown shopping and dining district.
The rental market is tight, influenced by seasonal demand from tourism and a limited supply of year-round housing, leading to steady rent growth.
The economy is heavily reliant on tourism, arts, and education, with major employers including local hospitality venues, cultural institutions, and the public school system.
Transportation is primarily private vehicle-based, with limited public transit options connecting to the broader Berkshire County region.
Development is focused on small-scale residential and commercial revitalization within the historic town center.
The Berkshire County assessment regime relies on annual market-based valuations conducted by the local municipal assessor.
Parcels are subject to standard municipal taxation and school district levies; no significant special utility or flood control districts are noted.
Property insurance premiums are stable but reflect regional risks associated with severe winter weather and wildfire exposure in wooded areas.
Data retrieved from US Census Bureau ZCTA 01240 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Summer home of the Boston Symphony Orchestra.
Extensive trail network for hiking and cross-country skiing.
Historic district with boutique shops and fine dining.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 18.6% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.