The housing in Lexington, MI is relatively affordable compared to the US House Median Value of $338,100. The median value for housing in Lexington is only $190,600. While the US 1 year house appreciation rate was 8.27%, the 1 year house appreciation rate in Lexington was 6.41%. This suggests that while there has been some appreciation in the value of homes in Lexington, it has not matched the growth seen across the country.
The median home cost in Lexington is $190,600. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Lexington is up 12.8%.
Average Age of Homes
- The median age of Lexington real estate is 37 years old
The Rental Market in Lexington
- Renters make up 15.6% of the Lexington population
- 2.8% 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.