Lexington, NE—68850
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lexington, NE
As of Oct '25, the median home price in Lexington, NE is $203,000, with a year-over-year change of 5.5%. This indicates that home prices in Lexington, NE are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 5.5% |
| Single Family | $202,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $109,000 | 2.8% |
2 Bed | $153,000 | 5.5% |
3 Bed | $217,000 | 5.3% |
4 Bed | $243,000 | 5.2% |
| 5 Bed | $265,000 | 2.7% |
% of Housing Stock
Rental Trends — Lexington, NE
Lexington, NE lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,900 | $1,900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lexington, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, NE is 104. This is a increase of 97.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 8.0% |
Listing Count | 22 | 13.0% |
| Listings as % of Homes | 0.5% | 13.0% |
Days on Market | 104 | 97.0% |
Demographics — Lexington, NE
As of the latest ACS Survey released in 2023, Lexington, NE has a population of 12,400, which has increased by 1.5% over the past 5 years. Lexington, NE is a popular place for families, as children make up 31.8% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | 1.5% |
% Under 18 | 31.8% | 10.4% |
% Seniors | 10.0% | -8.3% |
% WFH | 0.8% | -57.9% |
% w/ College Degree | 15.3% | 39.1% |
As of the latest ACS Survey released in 2023, Lexington, NE is a predominantly hispanic area, with 62.3% of the population identifying as hispanic. The hispanic population has grown by 9.5% in the last 5 years. The second most common race or ethnicity in Lexington, NE is white, making up 23.0% of the population. Foreign-born residents account for 39.3% of the population in Lexington, NE, and this percentage has increased by 13.9% 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 | 23.0% | -25.6% |
% Black | 12.8% | 15.3% |
% Hispanic | 62.3% | 9.5% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 39.3% | 13.9% |
Mortgage and Risk — Lexington, NE
According to HUD data as of 2023, there were 64 mortgage originations in Lexington, NE, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, NE. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lexington, NE
Lexington, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 215 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 73.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,100 | $870 |
| 2 Bedroom | -$940 | $1,900 | $960 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Lexington, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $203,000 |
| Median Household Income | $64,300 |