Zip 38351 (Lexington, TN) Housing

Lexington, TN has an impressive median housing value of $174,700, which is significantly lower than the US median housing value of $338,100. In terms of house appreciation in the area, 1 year appreciation is at 19.25%, more than double the national average of 8.27%. With these factors combined, Lexington provides a great opportunity for prospective homebuyers to enter into the market and potentially benefit from some attractive returns on their investment.

The median home cost in Lexington (zip 38351) is $174,700. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Lexington (zip 38351) is up 24.9%.

Average Age of Homes

- The median age of Lexington (zip 38351) real estate is 32 years old

The Rental Market in Lexington (zip 38351)

- Renters make up 22.4% of the Lexington (zip 38351) population
- 1.2% of houses and apartments in Lexington (zip 38351), 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

Housing	Lexington, Tennessee	United States
	8,116.0	139,647,020.0
	34	42
	$174,700	$338,100
	24.9%	16.6%
	67.1%	57.0%
	87.0%	101.1%
	$5.70	$10.98
	$712	$2,690
	59.1%	57.4%
	14.6%	11.2%
	26.3%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	12.5%	4.1%
Value of Owner-Occupied Housing
	6.1%	2.6%
	6.6%	2.4%
	4.5%	2.8%
	9.4%	3.9%
	7.7%	4.5%
	26.4%	11.3%
	18.2%	13.0%
	12.5%	20.1%
	6.8%	13.6%
	1.2%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.7%	13.6%
	14.7%	13.6%
	27.2%	13.6%
	18.0%	13.2%
	13.1%	14.8%
	27.2%	13.6%
	8.1%	10.0%
	1.5%	4.7%
	3.1%	12.2%

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