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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 $176,220, lower than the Missouri average of $246,641.
The average cost of rent is $831/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 34.42% of households rent, and 51.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $5,836 per month. Households that rent pay about 14.25% of their income on rent here. Lexington’s most expensive areas are in the southeastern 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
- Henrietta, MO: less expensive homes
- Wellington, MO: higher priced homes
- Hardin, MO: less expensive homes
- Camden, MO: less expensive homes
- Dover, MO: higher priced homes
- Richmond, MO: equally priced homes
- Fleming, MO: equally priced homes
- Mayview, MO: higher priced homes
- Morton, MO: higher priced homes
- Higginsville, MO: equally priced homes
Cities with Similar Populations
- Hurdle Mills, NC: higher priced homes
- Grant-Valkaria, FL: higher priced homes
- Grantville, GA: higher priced homes
- Guadalupe, AZ: higher priced homes
- Guerneville, CA: higher priced homes
- Halls, TN: less expensive homes
- Hokes Bluff, AL: equally priced homes
- Holden, MO: higher priced homes
- Holdrege, NE: higher priced homes
- Hope Valley, RI: higher priced homes
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