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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 $193,154, lower than the Indiana average of $232,932.
The average cost of rent is $835/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 10.12% of households rent, and 35.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $6,744 per month. Households that rent pay about 12.38% of their income on rent here. Lexington’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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