Lexington city, VA County has a median housing value of $273,700. This is significantly lower than the US national median housing value of $338,100. Despite this gap in pricing, Lexington city has seen a much larger appreciation rate in house prices over the past year with a 14.49% increase compared to the 8.27% average national increase. This shows that the housing market in Lexington city is performing strongly and is an attractive option for prospective buyers looking for a new home or investment opportunity at a more affordable price point.
The median home cost in Lexington City County is $273,700. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Lexington City County is up 14.6%.
Average Age of Homes
- The median age of Lexington City County real estate is 60 years old
The Rental Market in Lexington City County
- Renters make up 40.7% of the Lexington City County population
- 5.2% of houses and apartments in Lexington City County, 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.