The housing market in Lexington, MO is a thriving and desirable area to own property. The median value of single-family homes is approximately $157,500, which is significantly lower than the US House median value of $338,100. Not only does Lexington offer more affordable housing, but it also provides greater appreciation potential as well. The US 1 year house appreciation rate is 8.27%, while the 1 year house appreciation rate in Lexington is 13.07%. This makes it an attractive place for potential buyers looking for great real estate investments with high returns.
The median home cost in Lexington is $157,500. Home appreciation the last 10 years has been 100.6%. Home Appreciation in Lexington is up 16.3%.
Average Age of Homes
- The median age of Lexington real estate is 53 years old
The Rental Market in Lexington
- Renters make up 24.9% of the Lexington population
- 0.0% 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.