Zip 47138 (Lexington, IN) Housing


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The housing market in Lexington, IN, zip code 47138 is doing better than the national average. The median value of homes located in this area is $201,500, which is significantly lower than the US median value of $338,100. However, the one-year appreciation rate of homes in Lexington was 13.41% compared to the 8.27% national appreciation rate. This means that home values are increasing faster in Lexington than across the country. Real estate investors and homeowners alike stand to benefit from investing or living in Lexington's housing market.

The median home cost in Lexington (zip 47138) is $201,500. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lexington (zip 47138) is up 15.2%.

Average Age of Homes
- The median age of Lexington (zip 47138) real estate is 32 years old
The Rental Market in Lexington (zip 47138)
- Renters make up 16.8% of the Lexington (zip 47138) population
- 4.5% of houses and apartments in Lexington (zip 47138), 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingLexington, IndianaUnited States
  2,108.0139,647,020.0
  4242
  $201,500$338,100
  15.2%16.6%
  55.7%57.0%
  81.4%101.1%
  $7.57$10.98
  $1,138$2,690
  79.9%57.4%
  11.8%11.2%
  8.3%31.4%
  Vacant Housing
  4.5%1.9%
  0.0%0.4%
  1.9%0.7%
  1.5%0.4%
  1.5%3.6%
  2.4%4.1%
  Value of Owner-Occupied Housing
  2.2%2.6%
  1.6%2.4%
  2.9%2.8%
  4.0%3.9%
  7.9%4.5%
  31.3%11.3%
  10.7%13.0%
  30.4%20.1%
  5.4%13.6%
  0.0%8.3%
  0.6%9.7%
  2.9%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  18.0%13.6%
  18.0%13.6%
  16.0%13.6%
  8.3%13.2%
  18.0%14.8%
  16.0%13.6%
  5.3%10.0%
  3.7%4.7%
  11.8%12.2%
Commute