East Lexington, VA is an area with a thriving housing market. The median value of homes in the area is $273,600, which is significantly lower than the US median house value of $338,100. In the last year, the home appreciation rate was 12.12%, which is higher than the national average of 8.27%. This indicates that East Lexington is a desirable place to live and invest in real estate as property values may continue to rise in the future.
The median home cost in East Lexington is $273,600. Home appreciation the last 10 years has been 54.3%. Home Appreciation in East Lexington is up 14.6%.
Average Age of Homes
- The median age of East Lexington real estate is 23 years old
The Rental Market in East Lexington
- Renters make up 48.6% of the East Lexington population
- 15.0% of houses and apartments in East 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.