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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 $220,010, lower than the Ohio average of $236,816.
The average cost of rent is $789/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 17.17% of households rent, and 37.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $6,153 per month. Households that rent pay about 12.82% of their income on rent here. Lexington’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Steam Corners, OH: equally priced homes
- Little Washington, OH: less expensive homes
- Shauck, OH: equally priced homes
- Bellville, OH: equally priced homes
- Ontario, OH: equally priced homes
- Millsboro, OH: higher priced homes
- Mansfield, OH: less expensive homes
- North Woodbury, OH: higher priced homes
- Spring Mill, OH: less expensive homes
- Lucas, OH: less expensive homes
Cities with Similar Populations
- Edmonton, KY: less expensive homes
- East Moriches, NY: higher priced homes
- East Pasadena, CA: higher priced homes
- Towaco, NJ: higher priced homes
- East Quogue, NY: higher priced homes
- East Sandwich, MA: higher priced homes
- Timberville, VA: higher priced homes
- Tichigan, WI: higher priced homes
- Thornwood, NY: higher priced homes
- Thiells, NY: higher priced homes
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