Lexington Park, MD—20653
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lexington Park, MD
Home Price Trends — Lexington Park, MD
As of Oct '25, the median home price in Lexington Park, MD is $380,000, with a year-over-year change of 3.3%. This indicates that home prices in Lexington Park, MD are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | 3.3% |
| Single Family | $382,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $228,000 | 5.6% |
3 Bed | $326,000 | 3.2% |
4 Bed | $437,000 | 1.9% |
| 5 Bed | $503,000 | 1.2% |
% of Housing Stock
Rental Trends — Lexington Park, MD
As of July '25, Rentcast reports the average rent in Lexington Park, MD is $1,900, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Lexington Park, MD is studios: $1,110, 1-bedrooms: $1,220, 2-bedrooms: $1,800, 3-bedrooms: $2,060, 4-bedrooms: $2,960. The most common rental property sizes in Lexington Park, MD are 2-bedroom and 3-bedroom, accounting for 42.4% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,900 |
| Studio Rent | $1,050 | $1,110 |
| 1 Bed Rent | $1,150 | $1,220 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,950 | $2,060 |
| 4 Bed Rent | $3,200 | $2,960 |
% of Rental Stock
Property Listings — Lexington Park, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington Park, MD is 30. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 3.0% |
Listing Count | 77 | 30.0% |
| Listings as % of Homes | 0.5% | 30.0% |
Days on Market | 30 | 32.0% |
Demographics — Lexington Park, MD
As of the latest ACS Survey released in 2023, Lexington Park, MD has a population of 26,800, which has increased by 13.8% over the past 5 years. Lexington Park, MD is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 33.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | 13.8% |
% Under 18 | 22.2% | -5.5% |
% Seniors | 11.5% | 23.7% |
% WFH | 13.6% | 491.3% |
% w/ College Degree | 33.8% | 10.5% |
As of the latest ACS Survey released in 2023, Lexington Park, MD is a predominantly white area, with 53.8% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Lexington Park, MD is black, making up 28.3% of the population. Foreign-born residents account for 5.6% of the population in Lexington Park, MD, and this percentage has decreased by 46.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.8% | -3.4% |
% Black | 28.3% | 1.8% |
% Hispanic | 5.8% | -23.7% |
% Asian | 4.4% | -17.0% |
% Foreign Born | 5.6% | -46.2% |
Mortgage and Risk — Lexington Park, MD
According to HUD data as of 2023, there were 554 mortgage originations in Lexington Park, MD, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Lexington Park, MD. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 554 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lexington Park, MD
As of 2024, the percent of homes in Lexington Park, MD under the Section 8 program is 20.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lexington Park, MD, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,052 |
Total Units Section 8 | 1,052 |
% Rentals under Section 8 | 20.9% |
% Occupied Section 8 | 71.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,150 | $1,590 |
| 2 Bedroom | -$10 | $1,800 | $1,790 |
| 3 Bedroom | $280 | $1,950 | $2,230 |
| 4 Bedroom | -$450 | $3,200 | $2,750 |
Affordability — Lexington Park, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $380,000 |
| Median Household Income | $97,900 |