Lexington, NC—27295
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lexington, NC
Home Price Trends — Lexington, NC
As of Oct '25, the median home price in Lexington, NC is $281,000, with a year-over-year change of 2.9%. This indicates that home prices in Lexington, NC are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $281,000 | 2.9% |
| Single Family | $281,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | 4.3% |
2 Bed | $181,000 | 4.6% |
3 Bed | $282,000 | 3.3% |
4 Bed | $353,000 | 2.3% |
| 5 Bed | $393,000 | 0.3% |
% of Housing Stock
Rental Trends — Lexington, NC
As of July '25, Rentcast reports the average rent in Lexington, NC is $1,850, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Lexington, NC is 1-bedrooms: $950, 2-bedrooms: $1,150, 3-bedrooms: $1,950, 4-bedrooms: $2,220. The most common rental property sizes in Lexington, NC are 2-bedroom and 3-bedroom, accounting for 48.6% and 39.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $2,020 | $1,950 |
| 4 Bed Rent | $2,200 | $2,220 |
% of Rental Stock
Property Listings — Lexington, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, NC is 54. This is a increase of 11.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | 7.0% |
Listing Count | 219 | 11.0% |
| Listings as % of Homes | 0.9% | 11.0% |
Days on Market | 54 | 11.0% |
Demographics — Lexington, NC
As of the latest ACS Survey released in 2023, Lexington, NC has a population of 38,500, which has remained stable by 0.0% over the past 5 years. Lexington, NC is a moderately popular place for families, as children make up 20.0% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,500 | 0.0% |
% Under 18 | 20.0% | -9.9% |
% Seniors | 18.6% | 3.3% |
% WFH | 9.9% | 191.2% |
% w/ College Degree | 18.7% | 3.3% |
As of the latest ACS Survey released in 2023, Lexington, NC is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Lexington, NC is hispanic, making up 6.1% of the population. Foreign-born residents account for 4.7% of the population in Lexington, NC, and this percentage has increased by 6.8% 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 | 82.4% | -5.3% |
% Black | 5.8% | 26.1% |
% Hispanic | 6.1% | 52.5% |
% Asian | 2.6% | -13.3% |
% Foreign Born | 4.7% | 6.8% |
Mortgage and Risk — Lexington, NC
According to HUD data as of 2023, there were 1216 mortgage originations in Lexington, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, NC. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,216 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lexington, NC
As of 2024, the percent of homes in Lexington, NC under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lexington, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 232 |
Total Units Section 8 | 214 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $950 | $810 |
| 2 Bedroom | -$170 | $1,100 | $930 |
| 3 Bedroom | -$780 | $2,020 | $1,240 |
| 4 Bedroom | -$670 | $2,200 | $1,530 |
Affordability — Lexington, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $281,000 |
| Median Household Income | $65,400 |