New Lexington, OH—43764
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Lexington, OH
As of Oct '25, the median home price in New Lexington, OH is $181,000, with a year-over-year change of 1.6%. This indicates that home prices in New Lexington, OH are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 1.6% |
| Single Family | $181,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $133,000 | -5.0% |
2 Bed | $153,000 | -1.3% |
3 Bed | $215,000 | 3.9% |
4 Bed | $214,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Lexington, OH
As of July '25, Rentcast reports the average rent in New Lexington, OH is $700, with a year-over-year rent change of -15.9%. Per bedroom, the median rent as of July '25 in New Lexington, OH is 1-bedrooms: $700. The most common rental property sizes in New Lexington, OH are 2-bedroom and 1-bedroom, accounting for 41.2% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 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 — New Lexington, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in New Lexington, OH is 71. This is a increase of 113.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $255,000 | 23.0% |
Listing Count | 27 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 71 | 113.0% |
Demographics — New Lexington, OH
As of the latest ACS Survey released in 2023, New Lexington, OH has a population of 7,970, which has decreased by -8.9% over the past 5 years. New Lexington, OH is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,970 | -8.9% |
% Under 18 | 21.9% | -11.0% |
% Seniors | 18.3% | 12.3% |
% WFH | 1.9% | 533.3% |
% w/ College Degree | 12.6% | 1.6% |
As of the latest ACS Survey released in 2023, New Lexington, OH is a predominantly white area, with 96.5% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in New Lexington, OH is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.7% of the population in New Lexington, OH, and this percentage has increased by 16.7% 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 | 96.5% | -0.6% |
% Black | 0.1% | -90.9% |
% Hispanic | 0.9% | 200.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — New Lexington, OH
According to HUD data as of 2023, there were 108 mortgage originations in New Lexington, OH, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in New Lexington, OH. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 108 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — New Lexington, OH
New Lexington, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 221 |
Total Units Section 8 | 221 |
% Rentals under Section 8 | 20.1% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $700 | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — New Lexington, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $181,000 |
| Median Household Income | $54,400 |