What is the average home price in Lexington, NE 68850?

As of May '26, the median home price in Lexington, NE 68850 is $204,000, based on Zillow home estimates.

How have home prices in Lexington, NE 68850 changed over the past year?

As of May '26, home prices have increased 0.8% over the past year, according to Zillow home estimates data.

What is the home price projection for Lexington, NE 68850?

As of May '26, Zillow projects home prices in Lexington, NE 68850 to increase 0.5% in the next year.

What are the demographics of Lexington, NE 68850?

According to the latest Census, the demographics of Lexington, NE 68850 are 23.0% White, 12.8% Black, 0.7% Asian, 62.3% Hispanic. The population is 12,400, with 31.8% under 18 years old.

How long does it take homes to sell in Lexington, NE 68850?

According to Realtor.com, as of May '26, the median home in Lexington, NE 68850 is on the market for 158 days. This is a decrease of 10.0% from last year.

What is the average rent price in Lexington, NE 68850?

The average rent price in Lexington, NE 68850, as of the latest data, is $1,410. The average rent for 1 bedroom homes is $1,160. For 2, 3, and 4 bedroom homes, the average rent is $1,900, N/A, and N/A respectively.

Lexington, NE 68850 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Lexington, NE—68850

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$204,000

0.8% YoY Growth

Household Income

$64,300

18.5% YoY Growth

Days on Market

158

10.0% Shorter YoY

Home Price Forecast

0.5%

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

Home Price Trends — Lexington, NE

As of May '26, the median home price in Lexington, NE is $204,000, with a year-over-year change of 0.8%. This indicates that home prices in Lexington, NE are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$204,000	0.8%
Single Family	$203,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lexington, NE

Lexington, NE lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,220	$1,410
Studio Rent	N/A	N/A
1 Bed Rent	$1,100	$1,160
2 Bed Rent	$1,900	$1,900
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/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 May '26, Realtor.com reports that the median days on market for a home in Lexington, NE is 158. This is a decrease of -10.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$275,000	-2.0%
Listing Count	54	185.0%
Listings as % of Homes	0.5%	185.0%
Days on Market	158	-10.0%

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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.

Metric	Latest Census	YoY % Change
Population	12,400	1.5%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$230	$1,100	$870
2 Bedroom	-$940	$1,900	$960
3 Bedroom	N/A	N/A	$1,210
4 Bedroom	N/A	N/A	$1,270

Lexington, NE—68850

Key Metrics at a Glance

Home Price Trends — Lexington, NE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lexington, NE

% of Rental Stock

Property Listings — Lexington, NE

Demographics — Lexington, NE

Race and Ethnicity

Mortgage and Risk — Lexington, NE

Mortgages

Rentals and Section 8 — Lexington, NE

Section 8 Market Size

Section 8 Opportunity

Affordability — Lexington, NE

Home Price to Income Ratio

Lexington, NE — ZIP Code Boundary Map

Nearby ZIP Codes

Eddyville, NE

Overton, NE

Smithfield, NE

Cozad, NE

Elwood, NE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$204,000
Median Household Income	$64,300