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Lexington, NE—68850

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$204,000
5.2% YoY Growth
Household Income
$64,300
18.5% YoY Growth
Days on Market
43
25.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$1,220
N/A
1-Bed Rent
$1,100
N/A
2-Bed Rent
$1,900
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lexington, NE

As of Dec '25, the median home price in Lexington, NE is $204,000, with a year-over-year change of 5.2%. This indicates that home prices in Lexington, NE are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$204,0005.2%
Single Family $203,0004.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $112,000
    2.8%
    2 Bed
    		$155,0004.7%
    3 Bed
    		$216,0004.9%
    4 Bed
    		$244,0004.7%
    5 Bed $264,9642.2%
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    3.3%
    2 Bedrooms
    28.1%
    3 Bedrooms
    46.7%
    4 Bedrooms
    12.4%
    5+ Bedrooms
    6.7%

    Rental Trends — Lexington, NE

    Lexington, NE lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,220$1,410
    Studio Rent N/AN/A
    1 Bed Rent $1,100$1,160
    2 Bed Rent $1,900$1,900
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    4.2%
    1 Bedroom
    7.1%
    2 Bedrooms
    37.7%
    3 Bedrooms
    43.6%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    2.0%

    Property Listings — Lexington, NE

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lexington, NE is 34. This is a increase of 101.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$301,00023.0%
    Listing Count
    		5338.0%
    Listings as % of Homes0.5%38.0%
    Days on Market
    		4325.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		12,4001.5%
    % Under 18
    		31.8%10.4%
    % Seniors
    		10.0%-8.3%
    % WFH
    		0.8%-57.9%
    % w/ College Degree
    		15.3%39.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$230$1,100$870
    2 Bedroom-$940$1,900$960
    3 BedroomN/AN/A$1,210
    4 BedroomN/AN/A$1,270

    Affordability — Lexington, NE

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$204,000
    Median Household Income$64,300

    Lexington, NE — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Eddyville, NE

    68834

    Overton, NE

    68863

    Smithfield, NE

    68976

    Cozad, NE

    69130

    Elwood, NE

    68937

    Frequently Asked Questions