Lexington, AL—35648
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lexington, AL
As of Oct '25, the median home price in Lexington, AL is $191,000, with a year-over-year change of -2.1%. This indicates that home prices in Lexington, AL are decreasing. 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 | $191,000 | -2.1% |
| Single Family | $191,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $216,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lexington, AL
Lexington, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lexington, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, AL is 54. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 13.0% |
Listing Count | 12 | 33.0% |
| Listings as % of Homes | 0.3% | 33.0% |
Days on Market | 54 | -10.0% |
Demographics — Lexington, AL
As of the latest ACS Survey released in 2023, Lexington, AL has a population of 3,620, which has increased by 11.4% over the past 5 years. Lexington, AL is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,620 | 11.4% |
% Under 18 | 24.7% | 7.9% |
% Seniors | 18.7% | 12.7% |
% WFH | 2.7% | 200.0% |
% w/ College Degree | 19.5% | 12.7% |
As of the latest ACS Survey released in 2023, Lexington, AL is a predominantly white area, with 96.2% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Lexington, AL is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.3% of the population in Lexington, AL, and this percentage has decreased by 62.5% 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 | 96.2% | 2.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | 425.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -62.5% |
Mortgage and Risk — Lexington, AL
According to HUD data as of 2023, there were 102 mortgage originations in Lexington, AL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, AL. Investor activity is low, as 2.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 25.0% |
Loan Activity
Rentals and Section 8 — Lexington, AL
Lexington, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $650 |
| 2 Bedroom | N/A | N/A | $850 |
| 3 Bedroom | N/A | N/A | $1,050 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Lexington, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $191,000 |
| Median Household Income | $71,600 |