Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Lexington area can be challenging. Home prices in New Lexington are now at a median cost of $123,587, lower than the Alabama average of $185,232.
The average cost of rent is $776/mo in New Lexington, primarily driven by the current value of real estate in the New Lexington area. While nearly 64.91% of residents own their homes outright in New Lexington, 14.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Lexington is $4,563 per month. Households that rent pay about 17.00% of their income on rent here. New Lexington's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Berry, AL: less expensive homes
- Newtonville, AL: equally priced homes
- Windham Springs, AL: higher priced homes
- Corona, AL: equally priced homes
- Moores Bridge, AL: higher priced homes
- Boley Springs, AL: equally priced homes
- Hubbertville, AL: less expensive homes
- Rossland City, AL: equally priced homes
- Stough, AL: less expensive homes
- Zion, AL: equally priced homes
Cities with Similar Populations
- Maple Rapids, MI: higher priced homes
- Pennville, IN: equally priced homes
- Peck, MI: less expensive homes
- Patoka, IN: higher priced homes
- Palm Valley, TX: higher priced homes
- New Deal, TX: less expensive homes
- Nectar, AL: higher priced homes
- Montezuma, KS: equally priced homes
- Montezuma Creek, UT: less expensive homes
- Monette, AR: less expensive homes
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