Lexington, VA is a great place for people looking to invest in housing. With a median value of $282,200, the housing market in Lexington is far more accessible than the US median value of $338,100. Furthermore, the past year has seen an impressive 12.12% appreciation in house values compared to 8.27% nationally – making now an ideal time to purchase property in Lexington. All of this suggests that those who make the move to Lexington will likely see a healthy return on their investment.
The median home cost in Lexington is $282,200. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Lexington is up 14.6%.
Average Age of Homes
- The median age of Lexington real estate is 60 years old
The Rental Market in Lexington
- Renters make up 40.7% of the Lexington population
- 5.2% of houses and apartments in Lexington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.