The housing market in Lexington, OK is very healthy. The median house value is $116,100, which is significantly lower than the US median of $338,100. In the past year, the appreciation rate was 11.89%, much higher than the national average of 8.27%. This indicates a strong and stable real estate market with potential for growth in the future. Lexington offers an unbeatable combination of affordability and security for its residents when it comes to investing in property.
The median home cost in Lexington is $116,100. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Lexington is up 17.4%.
Average Age of Homes
- The median age of Lexington real estate is 43 years old
The Rental Market in Lexington
- Renters make up 29.3% of the Lexington population
- 5.5% 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.