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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 $266,190, lower than the Minnesota average of $345,793.
The average cost of rent is $1,569/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 42.75% of households rent, and 35.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $6,322 per month. Households that rent pay about 24.82% of their income on rent here. Lexington’s most expensive areas are in the eastern 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
- Circle Pines, MN: higher priced homes
- Mounds View, MN: higher priced homes
- Blaine, MN: higher priced homes
- Lino Lakes, MN: higher priced homes
- Spring Lake Park, MN: higher priced homes
- Shoreview, MN: higher priced homes
- North Oaks, MN: higher priced homes
- Fridley, MN: higher priced homes
- Arden Hills, MN: higher priced homes
- New Brighton, MN: higher priced homes
Cities with Similar Populations
- Woodworth, LA: equally priced homes
- Oak Creek, CO: higher priced homes
- Cole Camp, MO: less expensive homes
- Brighton, AL: less expensive homes
- Bradyville, TN: less expensive homes
- Berry, AL: less expensive homes
- Belvidere, TN: less expensive homes
- Bradley, WV: less expensive homes
- Syracuse, NE: less expensive homes
- Lowgap, NC: less expensive homes
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