The housing market in Lexington, NE is booming. The median home value is $155,800 – far less than the US median of $338,100. Despite this significant difference, Lexington has seen a dramatic one-year appreciation rate of 18.33%, almost twice the national rate of 8.27%. This indicates that homes are becoming more valuable in Lexington at a rapid pace. This is great news for investors looking to put their money into real estate as well as homeowners who are hoping to benefit from equity growth on their property.
The median home cost in Lexington is $155,800. Home appreciation the last 10 years has been 82.5%. Home Appreciation in Lexington is up 14.5%.
Average Age of Homes
- The median age of Lexington real estate is 45 years old
The Rental Market in Lexington
- Renters make up 37.1% of the Lexington population
- 0.9% 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.