The housing market in Lexington, AL (35648) is booming. According to data collected in 2019, the median value of houses in Lexington is $189,000, significantly lower than the US national median of $338,100. Furthermore, over the past year house appreciation has been especially strong in Lexington at 15.32% compared to the US national one-year average of 8.27%. This indicates that housing prices are rising faster than usual and suggests that those with an eye on buying or selling property in this market should act soon to take advantage of these positive market conditions.
The median home cost in Lexington (zip 35648) is $189,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lexington (zip 35648) is up 19.8%.
Average Age of Homes
- The median age of Lexington (zip 35648) real estate is 41 years old
The Rental Market in Lexington (zip 35648)
- Renters make up 13.4% of the Lexington (zip 35648) population
- 0.8% of houses and apartments in Lexington (zip 35648), 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.