Lexington, MN has a median housing value of $292,600 which is significantly lower than the US median housing value of $338,100. In the past year, the US house appreciation rate was 8.27% while Lexington experienced a 6.64% appreciation rate for their homes. This indicates that although Lexington's housing values are currently lower than the national standard, they may be rising more quickly due to a higher appreciation rate. Overall, Lexington appears to be an attractive option for potential homebuyers looking for an affordable home in a growing market.
The median home cost in Lexington is $292,600. Home appreciation the last 10 years has been 93.9%. Home Appreciation in Lexington is up 12.1%.
Average Age of Homes
- The median age of Lexington real estate is 48 years old
The Rental Market in Lexington
- Renters make up 34.3% of the Lexington population
- 5.1% 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.