Zip 24450 (Lexington, VA) Housing

The housing market in 24450 Lexington, VA is thriving with a median value of $298,600 – significantly lower than the US House Median Value of $338,100. The 1 year House Appreciation in 24450 Lexington has been 12.12% - higher than the national average of 8.27%. This data suggests that it is an opportune moment for those looking to buy or invest in property in 24450 Lexington.

The median home cost in Lexington (zip 24450) is $298,600. Home appreciation the last 10 years has been 54.3%. Home Appreciation in Lexington (zip 24450) is up 14.6%.

Average Age of Homes

- The median age of Lexington (zip 24450) real estate is 42 years old

The Rental Market in Lexington (zip 24450)

- Renters make up 29.5% of the Lexington (zip 24450) population
- 3.3% of houses and apartments in Lexington (zip 24450), 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, Virginia	United States
	6,918.0	139,647,020.0
	47	42
	$298,600	$338,100
	14.6%	16.6%
	44.9%	57.0%
	54.3%	101.1%
	$9.38	$10.98
	$1,803	$2,690
	52.4%	57.4%
	17.8%	11.2%
	29.8%	31.4%
Vacant Housing
	3.3%	1.9%
	1.7%	0.4%
	1.2%	0.7%
	0.0%	0.4%
	3.7%	3.6%
	7.8%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.4%	2.4%
	0.0%	2.8%
	2.4%	3.9%
	1.4%	4.5%
	14.3%	11.3%
	15.5%	13.0%
	23.2%	20.1%
	20.2%	13.6%
	9.6%	8.3%
	7.2%	9.7%
	1.5%	3.9%
	2.4%	2.2%
	0.4%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.5%	13.6%
	14.5%	13.6%
	15.0%	13.6%
	6.6%	13.2%
	17.3%	14.8%
	15.0%	13.6%
	9.0%	10.0%
	4.6%	4.7%
	18.1%	12.2%

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