The Most Affordable Neighborhoods in Lexington, NC by Home Value

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 $207,145, lower than the North Carolina average of $323,314.

The average cost of rent is $952/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 28.15% of households rent, and 50.78% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lexington is $5,256 per month. Households that rent pay about 18.12% of their income on rent here. Lexington’s most expensive areas are in the northwestern 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.

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