The housing market in Lexington, AL is performing very well. The median value of homes in the area is $178,700, which is far below the US median of $338,100. Despite this difference, housing appreciation in Lexington has been more robust than the national average, with an appreciation rate of 15.32% over the last year compared to 8.27% for all US homes. This indicates a healthy and growing housing market that provides good investment potential for those looking to buy a home in Lexington.
The median home cost in Lexington is $178,700. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lexington is up 19.8%.
Average Age of Homes
- The median age of Lexington real estate is 43 years old
The Rental Market in Lexington
- Renters make up 28.8% of the Lexington population
- 3.2% 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.