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These days, finding an affordable place to live in the Lexington Park area can be challenging. Home prices in Lexington Park are now at a median cost of $339,542, lower than the Maryland average of $450,578.
The average cost of rent is $1,655/mo in Lexington Park, primarily driven by the current value of real estate in the Lexington Park area. In Lexington Park, 46.80% of households rent, and 25.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington Park is $8,523 per month. Households that rent pay about 19.42% of their income on rent here. Lexington Park’s most expensive areas are in the southern 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
- Patuxent River, MD: higher priced homes
- Great Mills, MD: equally priced homes
- Park Hall, MD: higher priced homes
- Callaway, MD: higher priced homes
- Valley Lee, MD: higher priced homes
- St. Marys City, MD: higher priced homes
- Drayden, MD: higher priced homes
- California, MD: higher priced homes
- Dowell, MD: higher priced homes
- Solomons, MD: higher priced homes
Cities with Similar Populations
- Rocky River, OH: equally priced homes
- Manheim, PA: less expensive homes
- Marblehead, MA: higher priced homes
- Mayfield Heights, OH: less expensive homes
- McAlester, OK: less expensive homes
- Mccomb, MS: less expensive homes
- McNair, VA: higher priced homes
- Meadowbrook, VA: less expensive homes
- Mechanicsville, MD: higher priced homes
- Merchantville, NJ: less expensive homes
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