Lexington, SC—29073
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lexington, SC
Home Price Trends — Lexington, SC
As of Oct '25, the median home price in Lexington, SC is $252,000, with a year-over-year change of -0.1%. This indicates that home prices in Lexington, SC are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | -0.1% |
| Single Family | $252,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | -0.6% |
3 Bed | $235,000 | -0.4% |
4 Bed | $293,000 | -0.7% |
| 5 Bed | $358,000 | -0.8% |
% of Housing Stock
Rental Trends — Lexington, SC
As of July '25, Rentcast reports the average rent in Lexington, SC is $1,920, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Lexington, SC is 1-bedrooms: $1,070, 2-bedrooms: $1,270, 3-bedrooms: $1,870, 4-bedrooms: $2,150. The most common rental property sizes in Lexington, SC are 3-bedroom and 2-bedroom, accounting for 57.1% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $1,070 |
| 2 Bed Rent | $1,200 | $1,270 |
| 3 Bed Rent | $1,900 | $1,870 |
| 4 Bed Rent | $2,120 | $2,150 |
% of Rental Stock
Property Listings — Lexington, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington, SC is 46. This is a decrease of -5.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | -3.0% |
Listing Count | 348 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 46 | -5.0% |
Demographics — Lexington, SC
As of the latest ACS Survey released in 2023, Lexington, SC has a population of 51,500, which has increased by 10.6% over the past 5 years. Lexington, SC is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,500 | 10.6% |
% Under 18 | 26.0% | 4.8% |
% Seniors | 13.3% | 14.7% |
% WFH | 8.3% | 151.5% |
% w/ College Degree | 21.5% | -3.6% |
As of the latest ACS Survey released in 2023, Lexington, SC is a predominantly white area, with 72.5% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Lexington, SC is black, making up 14.5% of the population. Foreign-born residents account for 4.3% of the population in Lexington, SC, and this percentage has increased by 4.9% 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 | 72.5% | -7.4% |
% Black | 14.5% | 18.9% |
% Hispanic | 6.0% | 25.0% |
% Asian | 2.0% | 100.0% |
% Foreign Born | 4.3% | 4.9% |
Mortgage and Risk — Lexington, SC
According to HUD data as of 2023, there were 813 mortgage originations in Lexington, SC, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, SC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 813 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lexington, SC
As of 2024, the percent of homes in Lexington, SC under the Section 8 program is 4.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lexington, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 155 |
Total Units Section 8 | 155 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $700 | $1,050 |
| 2 Bedroom | -$40 | $1,200 | $1,160 |
| 3 Bedroom | -$420 | $1,900 | $1,480 |
| 4 Bedroom | -$340 | $2,120 | $1,780 |
Affordability — Lexington, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $252,000 |
| Median Household Income | $72,600 |