The housing market in Lexington, NC is booming! The median value of homes in the city is $230,200, which is significantly lower than the US median value of $338,100. However, this lower price point has allowed for a higher rate of appreciation than the national average. Over the past year, house values have appreciated by 16.52%, more than double the 8.27% seen throughout the US. This is an exciting time to invest in real estate in Lexington and many people are taking advantage of these excellent conditions to buy their dream homes!
The median home cost in Lexington is $230,200. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Lexington is up 23.2%.
Average Age of Homes
- The median age of Lexington real estate is 46 years old
The Rental Market in Lexington
- Renters make up 49.1% of the Lexington population
- 3.9% 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.