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Lexington, SC—29072

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$358,000
1.2% YoY Growth
Household Income
$103,000
27.2% YoY Growth
Days on Market
60
9.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$2,000
1.4% YoY Growth
1-Bed Rent
$1,370
20.2% YoY Growth
2-Bed Rent
$1,450
19.6% YoY Growth
3-Bed Rent
$1,900
1.0% YoY Growth

Other Zip Codes in Lexington, SC

29073
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lexington, SC

As of Dec '25, the median home price in Lexington, SC is $358,000, with a year-over-year change of 1.2%. This indicates that home prices in Lexington, SC are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$358,0001.2%
Single Family $360,0001.1%
Condos $303,0001.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$205,0001.5%
    3 Bed
    		$303,0001.3%
    4 Bed
    		$411,0001.2%
    5 Bed $509,0231.1%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    3.6%
    2 Bedrooms
    14.2%
    3 Bedrooms
    40.7%
    4 Bedrooms
    28.5%
    5+ Bedrooms
    11.4%

    Rental Trends — Lexington, SC

    As of July '25, Rentcast reports the average rent in Lexington, SC is $2,090, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Lexington, SC is 1-bedrooms: $1,300, 2-bedrooms: $1,350, 3-bedrooms: $2,000, 4-bedrooms: $2,660. The most common rental property sizes in Lexington, SC are 2-bedroom and 3-bedroom, accounting for 45.3% and 25.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,090
    Studio Rent N/AN/A
    1 Bed Rent $1,370$1,300
    2 Bed Rent $1,450$1,350
    3 Bed Rent $1,900$2,000
    4 Bed Rent $2,530$2,660
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    % of Rental Stock

    Studio
    4.6%
    1 Bedroom
    15.3%
    2 Bedrooms
    45.3%
    3 Bedrooms
    25.2%
    4 Bedrooms
    5.3%
    5+ Bedrooms
    4.2%

    Property Listings — Lexington, SC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Lexington, SC is 51. This is a increase of 8.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$407,00014.0%
    Listing Count
    		4068.0%
    Listings as % of Homes0.5%8.0%
    Days on Market
    		609.0%
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    Demographics — Lexington, SC

    As of the latest ACS Survey released in 2023, Lexington, SC has a population of 68,400, which has increased by 13.8% over the past 5 years. Lexington, SC is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		68,40013.8%
    % Under 18
    		24.8%-8.8%
    % Seniors
    		15.9%21.4%
    % WFH
    		15.3%155.0%
    % w/ College Degree
    		47.9%4.1%
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    As of the latest ACS Survey released in 2023, Lexington, SC is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Lexington, SC is black, making up 7.3% of the population. Foreign-born residents account for 7.0% of the population in Lexington, SC, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		80.5%-4.6%
    % Black
    		7.3%21.7%
    % Hispanic
    		5.5%17.0%
    % Asian
    		3.6%44.0%
    % Foreign Born
    		7.0%25.0%
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    Mortgage and Risk — Lexington, SC

    Lexington, SC lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — Lexington, SC

    As of 2024, the percent of homes in Lexington, SC under the Section 8 program is 4.9%. 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, SC, 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
    		224
    Total Units Section 8
    		219
    % Rentals under Section 8
    		4.9%
    % Occupied Section 8
    		88.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$1,370$1,310
    2 Bedroom$0$1,450$1,450
    3 Bedroom-$50$1,900$1,850
    4 Bedroom-$310$2,530$2,220

    Affordability — Lexington, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$358,000
    Median Household Income$103,000

    Lexington, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Columbia, SC

    29212

    Lexington, SC

    29073

    Gilbert, SC

    29054

    Springdale, SC

    29170

    White Rock

    29177

    Frequently Asked Questions