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These days, finding an affordable place to live in the East Lexington area can be challenging. Home prices in East Lexington are now at a median cost of $264,531, lower than the Virginia average of $443,089.
The average cost of rent is $885/mo in East Lexington, primarily driven by the current value of real estate in the East Lexington area. In East Lexington, 24.30% of households rent, and 46.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Lexington is $4,395 per month. Households that rent pay about 20.13% of their income on rent here. East Lexington’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lexington, VA: equally priced homes
- Riverside, VA: less expensive homes
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- Rockbridge Baths, VA: equally priced homes
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- Glasgow, VA: less expensive homes
- Fairfield, VA: less expensive homes
- Willow, VA: less expensive homes
Cities with Similar Populations
- Eola, TX: equally priced homes
- Meadowview, TN: less expensive homes
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- Dundee Village, MD: higher priced homes
- East Enosburg, VT: equally priced homes
- Ellaville, FL: less expensive homes
- Ellsworth, IL: less expensive homes
- Elrama, PA: less expensive homes
- Elwood, MS: less expensive homes
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