The housing market in 48450 Lexington, MI has a median value of $182,300. This is significantly lower than the national median value of $338,100. Over the past year, the US housing market has seen an appreciation of 8.27%, while the Lexington area saw only 6.41% appreciation over the same time period. While homes in this area may not have increased in value as quickly as those across the US, they remain relatively affordable and could be a very attractive option for buyers looking to enter into homeownership.
The median home cost in Lexington (zip 48450) is $182,300. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Lexington (zip 48450) is up 12.8%.
Average Age of Homes
- The median age of Lexington (zip 48450) real estate is 50 years old
The Rental Market in Lexington (zip 48450)
- Renters make up 7.9% of the Lexington (zip 48450) population
- 1.2% of houses and apartments in Lexington (zip 48450), 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.