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These days, finding an affordable place to live in the Lexington area can be challenging. Home prices in Lexington are now at a median cost of $175,074, lower than the Alabama average of $228,911.
The average cost of rent is $776/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 20.67% of households rent, and 47.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $5,842 per month. Households that rent pay about 13.29% of their income on rent here. Lexington’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mitchelltown, AL: higher priced homes
- Bonnertown, TN: equally priced homes
- Whitehead, AL: less expensive homes
- Killen, AL: higher priced homes
- Loretto, TN: equally priced homes
- Anderson, AL: equally priced homes
- St. Joseph, TN: equally priced homes
- Thorntontown, AL: equally priced homes
- Five Points, TN: equally priced homes
- Ramah, TN: equally priced homes
Cities with Similar Populations
- Prudenville, MI: equally priced homes
- Hollis Center, ME: higher priced homes
- Hallsville, MO: higher priced homes
- Awendaw, SC: higher priced homes
- Nahant, MA: higher priced homes
- Hartly, DE: higher priced homes
- Myrtle, MS: equally priced homes
- Baker, FL: higher priced homes
- Baltic, OH: higher priced homes
- Cass City, MI: less expensive homes
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