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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 $94,922, lower than the Mississippi average of $183,008.
The average cost of rent is $700/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 38.80% of households rent, and 73.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $3,382 per month. Households that rent pay about 20.69% of their income on rent here. Lexington’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Emory, MS: higher priced homes
- Owens Wells, MS: equally priced homes
- Brozville, MS: equally priced homes
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- Gwin, MS: less expensive homes
- Tchula, MS: less expensive homes
- Durant, MS: less expensive homes
- Poplar Springs, MS: higher priced homes
- Shackleford, MS: equally priced homes
- Mileston, MS: less expensive homes
Cities with Similar Populations
- Cisco, TX: equally priced homes
- Clearwater, KS: higher priced homes
- Cokato, MN: higher priced homes
- Coopertown, TN: higher priced homes
- Crivitz, WI: higher priced homes
- Cross Plains, TN: higher priced homes
- Delhi, NY: higher priced homes
- Galivants Ferry, SC: higher priced homes
- La Conner, WA: higher priced homes
- Newman Lake, WA: higher priced homes
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