Lexington, IN—47138
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lexington, IN
As of Oct '25, the median home price in Lexington, IN is $241,000, with a year-over-year change of 5.1%. This indicates that home prices in Lexington, IN are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 5.1% |
| Single Family | $241,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | 3.7% |
3 Bed | $242,000 | 6.1% |
4 Bed | $333,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lexington, IN
Lexington, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,080 | $1,080 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lexington, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, IN is 39. This is a decrease of -34.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | 57.0% |
Listing Count | 23 | 200.0% |
| Listings as % of Homes | 0.1% | 200.0% |
Days on Market | 39 | -34.0% |
Demographics — Lexington, IN
As of the latest ACS Survey released in 2023, Lexington, IN has a population of 4,650, which has decreased by -5.0% over the past 5 years. Lexington, IN is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,650 | -5.0% |
% Under 18 | 23.5% | -3.7% |
% Seniors | 13.6% | -24.4% |
% WFH | 17.1% | 643.5% |
% w/ College Degree | 12.9% | 15.2% |
As of the latest ACS Survey released in 2023, Lexington, IN is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Lexington, IN is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.0% of the population in Lexington, IN, and this percentage has decreased by 100.0% 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 | 94.8% | -1.7% |
% Black | 0.1% | -75.0% |
% Hispanic | 0.9% | -10.0% |
% Asian | 0.1% | -88.9% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Lexington, IN
According to HUD data as of 2023, there were 85 mortgage originations in Lexington, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lexington, IN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Lexington, IN
Lexington, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $970 |
| 2 Bedroom | $100 | $1,080 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Lexington, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $241,000 |
| Median Household Income | $73,800 |