Home Price Key
Affordable
Average
Expensive
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 $264,752, lower than the Virginia average of $323,261.
The average cost of rent is $934/mo in Lexington, primarily driven by the current value of real estate in the Lexington area. While nearly 50.00% of residents own their homes outright in Lexington, 34.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lexington is $5,720 per month. Households that rent pay about 16.32% of their income on rent here. Lexington's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- East Lexington, VA: less expensive homes
- Kerrs Creek, VA: higher priced homes
- Riverside, VA: less expensive homes
- Buena Vista, VA: less expensive homes
- Timber Ridge, VA: less expensive homes
- Buffalo Forge, VA: less expensive homes
- Rockbridge Baths, VA: less expensive homes
- Glasgow, VA: equally priced homes
- Collierstown, VA: equally priced homes
- Denmark, VA: equally priced homes
Cities with Similar Populations
- Lakeland Village, CA: higher priced homes
- San Anselmo, CA: higher priced homes
- Lone Tree, CO: higher priced homes
- Lindenhurst, IL: less expensive homes
- Liberty Lake, WA: higher priced homes
- Lexington, TN: less expensive homes
- Leon Valley, TX: less expensive homes
- Leitchfield, KY: less expensive homes
- Laurel, DE: less expensive homes
- Lantana, FL: higher priced homes
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