Lexington, TN—38368
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lexington, TN
Home Price Trends — Lexington, TN
Lexington, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $146,000 | -0.5% |
| Single Family | $146,000 | 0.7% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lexington, TN
Lexington, TN 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, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, TN is 90. This is a decrease of -65.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $323,000 | 48.0% |
Listing Count | 10 | 300.0% |
| Listings as % of Homes | 0.3% | 300.0% |
Days on Market | 90 | -65.0% |
Demographics — Lexington, TN
As of the latest ACS Survey released in 2023, Lexington, TN has a population of 2,430, which has increased by 19.7% over the past 5 years. Lexington, TN is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,430 | 19.7% |
% Under 18 | 22.4% | 2.8% |
% Seniors | 18.6% | 11.4% |
% WFH | 4.3% | -10.4% |
% w/ College Degree | 24.7% | 183.9% |
As of the latest ACS Survey released in 2023, Lexington, TN is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Lexington, TN is black, making up 1.3% of the population. Foreign-born residents account for 0.7% of the population in Lexington, TN, and this percentage has increased by Inf% 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 | 95.6% | -3.1% |
% Black | 1.3% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.7% | ∞% |
Mortgage and Risk — Lexington, TN
According to HUD data as of 2023, there were 64 mortgage originations in Lexington, TN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, TN. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lexington, TN
Lexington, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Lexington, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $146,000 |
| Median Household Income | $52,900 |