Lexington, TN is a great place to purchase a home. The median value of a house in this area is $167,200 which is lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Lexington is 19.25%, which is significantly higher than the national rate of 8.27%. With such an affordable price point and high appreciation rates, Lexington is an excellent choice for potential home buyers.
The median home cost in Lexington is $167,200. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Lexington is up 24.9%.
Average Age of Homes
- The median age of Lexington real estate is 35 years old
The Rental Market in Lexington
- Renters make up 30.0% of the Lexington population
- 1.7% 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.