Lexington, IL—61753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lexington, IL
As of Oct '25, the median home price in Lexington, IL is $230,000, with a year-over-year change of 5.0%. This indicates that home prices in Lexington, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 5.0% |
| Single Family | $233,000 | 5.0% |
| 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, IL
Lexington, IL 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, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, IL is 14. This is a decrease of -77.0% 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 | $275,000 | 15.0% |
Listing Count | 6 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 14 | -77.0% |
Demographics — Lexington, IL
As of the latest ACS Survey released in 2023, Lexington, IL has a population of 3,090, which has remained stable by 0.9% over the past 5 years. Lexington, IL is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,090 | 0.9% |
% Under 18 | 22.3% | -9.0% |
% Seniors | 20.1% | 16.2% |
% WFH | 15.3% | 131.8% |
% w/ College Degree | 32.8% | -5.2% |
As of the latest ACS Survey released in 2023, Lexington, IL is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Lexington, IL is hispanic, making up 3.1% of the population. Foreign-born residents account for 2.2% of the population in Lexington, IL, and this percentage has increased by 450.0% 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 | 94.2% | -4.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.1% | 675.0% |
% Asian | 0.7% | ∞% |
% Foreign Born | 2.2% | 450.0% |
Mortgage and Risk — Lexington, IL
According to HUD data as of 2023, there were 94 mortgage originations in Lexington, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, IL. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Lexington, IL
Lexington, IL 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 | $790 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Lexington, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $230,000 |
| Median Household Income | $108,000 |