Affordable
Expensive
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These days, finding an affordable place to live in the Lexington City area can be challenging. Home prices in Lexington City are now at a median cost of $270,166, lower than the Virginia average of $443,089.
The average cost of rent is $1,099/mo in Lexington City, primarily driven by the current value of real estate in the Lexington City area. In Lexington City, 46.23% of households rent, and 46.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington City is $6,808 per month. Households that rent pay about 16.14% of their income on rent here. Lexington City’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Rockbridge County, VA: equally priced homes
- Buena Vista City, VA: less expensive homes
- Alleghany County, VA: less expensive homes
- Covington City, VA: less expensive homes
- Nelson County, VA: higher priced homes
- Greenbrier County, WV: less expensive homes
- Fluvanna County, VA: higher priced homes
- Summers County, WV: less expensive homes
- Goochland County, VA: higher priced homes
- Raleigh County, WV: less expensive homes
Counties with Similar Populations
- Roseau County, MN: less expensive homes
- Rio Grande County, CO: equally priced homes
- Ripley County, MO: less expensive homes
- Roberts County, TX: less expensive homes
- Robertson County, KY: less expensive homes
- Rock County, NE: less expensive homes
- Rockcastle County, KY: less expensive homes
- Roger Mills County, OK: less expensive homes
- Rolette County, ND: less expensive homes
- Rooks County, KS: less expensive homes
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