Lexington, TN 38368 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lexington, TN—38368

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$146,000

0.8% YoY Growth

Household Income

$52,900

21.9% YoY Growth

Days on Market

124

59.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in Lexington, TN

38351

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	0.8%
Single Family	$146,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

Loading chart...

% of Rental Stock

1 Bedroom

8.8%

2 Bedrooms

22.5%

3 Bedrooms

53.8%

4 Bedrooms

14.8%

Property Listings — Lexington, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Lexington, TN is 89. 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	$400,000	58.0%
Listing Count	11	417.0%
Listings as % of Homes	0.3%	417.0%
Days on Market	124	-59.0%

Loading chart...

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%

Loading chart...

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%	∞%

Loading chart...

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%

Loading chart...

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

Lexington, TN—38368

Key Metrics at a Glance

Other Zip Codes in Lexington, TN

Home Price Trends — Lexington, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lexington, TN

% of Rental Stock

Property Listings — Lexington, TN

Demographics — Lexington, TN

Race and Ethnicity

Mortgage and Risk — Lexington, TN

Mortgages

Rentals and Section 8 — Lexington, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Lexington, TN

Home Price to Income Ratio

Lexington, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Enville, TN

Milledgeville, TN

Jacks Creek, TN

Lexington, TN

Luray, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$146,000
Median Household Income	$52,900

Lexington, TN—38368

Key Metrics at a Glance

Other Zip Codes in Lexington, TN

Home Price Trends — Lexington, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lexington, TN

% of Rental Stock

Property Listings — Lexington, TN

Demographics — Lexington, TN

Race and Ethnicity

Mortgage and Risk — Lexington, TN

Mortgages

Rentals and Section 8 — Lexington, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Lexington, TN

Home Price to Income Ratio

Lexington, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Enville, TN

Milledgeville, TN

Jacks Creek, TN

Lexington, TN

Luray, TN

Frequently Asked Questions

What is the average home price in Lexington, TN 38368?

How have home prices in Lexington, TN 38368 changed over the past year?

What is the home price projection for Lexington, TN 38368?

What are the demographics of Lexington, TN 38368?

How long does it take homes to sell in Lexington, TN 38368?

What is the average rent price in Lexington, TN 38368?