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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 $189,410, lower than the Tennessee average of $315,131.
The average cost of rent is $765/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. In Lexington, 30.68% of households rent, and 50.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $4,765 per month. Households that rent pay about 16.05% of their income on rent here. Lexington’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Broadway, TN: higher priced homes
- Timberlake, TN: less expensive homes
- Warrens Bluff, TN: equally priced homes
- Palestine, TN: equally priced homes
- Chesterfield, TN: less expensive homes
- Huron, TN: higher priced homes
- Wildersville, TN: less expensive homes
- Parkers Crossroads, TN: less expensive homes
- Shady Hill, TN: higher priced homes
- Darden, TN: less expensive homes
Cities with Similar Populations
- Levelland, TX: less expensive homes
- Sanger, TX: higher priced homes
- Sandpoint, ID: higher priced homes
- San German, PR: less expensive homes
- San Elizario, TX: less expensive homes
- San Antonio, PR: less expensive homes
- Salida, CA: higher priced homes
- Los Osos, CA: higher priced homes
- Loris, SC: equally priced homes
- Longs, SC: higher priced homes
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