Lexington, OH—44904
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lexington, OH
As of Nov '25, the median home price in Lexington, OH is $262,000, with a year-over-year change of 6.5%. This indicates that home prices in Lexington, OH are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 6.5% |
| Single Family | $264,000 | 6.5% |
| Condos | $250,000 | 9.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 8.1% |
3 Bed | $248,000 | 7.4% |
4 Bed | $332,000 | 4.7% |
| 5 Bed | $404,033 | 4.7% |
% of Housing Stock
Rental Trends — Lexington, OH
As of July '25, Rentcast reports the average rent in Lexington, OH is $1,120, with a year-over-year rent change of -13.8%. Per bedroom, the median rent as of July '25 in Lexington, OH is 1-bedrooms: $570, 2-bedrooms: $1,260. The most common rental property sizes in Lexington, OH are 2-bedroom and 1-bedroom, accounting for 42.8% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $570 | $570 |
| 2 Bed Rent | $900 | $1,260 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lexington, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in Lexington, OH is 44. This is a decrease of -6.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $299,000 | 0.0% |
Listing Count | 59 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 44 | -6.0% |
Demographics — Lexington, OH
As of the latest ACS Survey released in 2023, Lexington, OH has a population of 14,100, which has increased by 3.8% over the past 5 years. Lexington, OH is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,100 | 3.8% |
% Under 18 | 22.2% | -6.3% |
% Seniors | 21.0% | -6.7% |
% WFH | 6.6% | 200.0% |
% w/ College Degree | 27.7% | -1.8% |
As of the latest ACS Survey released in 2023, Lexington, OH is a predominantly white area, with 96.2% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Lexington, OH is hispanic, making up 1.5% of the population. Foreign-born residents account for 2.7% of the population in Lexington, OH, and this percentage has increased by 145.5% 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 | 96.2% | 3.9% |
% Black | 1.0% | -44.4% |
% Hispanic | 1.5% | -6.2% |
% Asian | 0.4% | 100.0% |
% Foreign Born | 2.7% | 145.5% |
Mortgage and Risk — Lexington, OH
According to HUD data as of 2023, there were 264 mortgage originations in Lexington, OH, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Lexington, OH. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 264 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Lexington, OH
Lexington, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 160 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $570 | $960 |
| 2 Bedroom | $280 | $900 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Lexington, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $262,000 |
| Median Household Income | $61,500 |