Lexington, SC—29072
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lexington, SC
Home Price Trends — Lexington, SC
As of Oct '25, the median home price in Lexington, SC is $356,000, with a year-over-year change of 1.4%. This indicates that home prices in Lexington, SC are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 1.4% |
| Single Family | $358,000 | 1.1% |
| Condos | $304,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 1.0% |
3 Bed | $302,000 | 1.3% |
4 Bed | $409,000 | 1.0% |
| 5 Bed | $508,000 | 1.2% |
% of Housing Stock
Rental Trends — Lexington, SC
As of July '25, Rentcast reports the average rent in Lexington, SC is $2,090, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Lexington, SC is 1-bedrooms: $1,300, 2-bedrooms: $1,350, 3-bedrooms: $2,000, 4-bedrooms: $2,660. The most common rental property sizes in Lexington, SC are 2-bedroom and 3-bedroom, accounting for 45.3% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,370 | $1,300 |
| 2 Bed Rent | $1,450 | $1,350 |
| 3 Bed Rent | $1,900 | $2,000 |
| 4 Bed Rent | $2,530 | $2,660 |
% of Rental Stock
Property Listings — Lexington, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, SC is 54. This is a increase of 17.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 18.0% |
Listing Count | 423 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 54 | 17.0% |
Demographics — Lexington, SC
As of the latest ACS Survey released in 2023, Lexington, SC has a population of 68,400, which has increased by 13.8% over the past 5 years. Lexington, SC is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 68,400 | 13.8% |
% Under 18 | 24.8% | -8.8% |
% Seniors | 15.9% | 21.4% |
% WFH | 15.3% | 155.0% |
% w/ College Degree | 47.9% | 4.1% |
As of the latest ACS Survey released in 2023, Lexington, SC is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Lexington, SC is black, making up 7.3% of the population. Foreign-born residents account for 7.0% of the population in Lexington, SC, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.5% | -4.6% |
% Black | 7.3% | 21.7% |
% Hispanic | 5.5% | 17.0% |
% Asian | 3.6% | 44.0% |
% Foreign Born | 7.0% | 25.0% |
Mortgage and Risk — Lexington, SC
Lexington, SC lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lexington, SC
As of 2024, the percent of homes in Lexington, SC under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lexington, SC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 224 |
Total Units Section 8 | 219 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,370 | $1,310 |
| 2 Bedroom | $0 | $1,450 | $1,450 |
| 3 Bedroom | -$50 | $1,900 | $1,850 |
| 4 Bedroom | -$310 | $2,530 | $2,220 |
Affordability — Lexington, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $356,000 |
| Median Household Income | $103,000 |