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Lexington, VA Housing

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As of 2010-2014, median price of a house in Lexington is $248,900, which is about the same as the state average of $243,500 and is higher than the national average of $175,700. The Lexington median house value has grown by 88.70% since 2000. The growth rate for the price of a house in Lexington is lower than the state average rate of 94.18% and is much higher than the national average rate of 46.91%. The median year that a house in Lexington was built is 1956, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 936 Owner Occupied Houses in Lexington, VA, #172

Lexington, VA	248,900 USD
Virginia	243,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #134

Lexington, VA	88.70%
Virginia	94.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Lexington, VA	Virginia	U.S.
Total Housing Units	1,944, see rank, 100%	3,403,241	132,741,033
Occupied Housing Units	1,727, 88.84%, see rank	89.38%	87.55%
Owner Occupied	936, 48.15%, see rank	59.60%	56.34%
Renter Occupied	791, 40.69%, see rank	29.78%	31.21%
Vacant Housing Units	217, 11.16%, see rank	10.62%	12.45%
For Rent	38, 1.95%, see rank	2.10%	2.34%
For Sale Only	0, 0.00%, see rank	1.09%	1.20%
Rented or Sold, Not Occupied	103, 5.30%, see rank	1.20%	0.92%
For Seasonal, Recreational, or Occasional Use	18, 0.93%, see rank	2.67%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	58, 2.98%, see rank	3.55%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #504

Lexington, VA	Virginia	U.S.
1956	1980	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Lexington, VA	%	Virginia	U.S.
Owner-Occupied Units	936	100%	2,028,244	74,787,460
With a Mortgage	578	61.75%, see rank	71.14%	65.58%
Without a Mortgage	358	38.25%, see rank	28.86%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Lexington, VA	1,396 USD
Virginia	1,742 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Lexington, VA	%	Virginia	U.S.
$299 or Less	0	0.00%, see rank	0.23%	0.20%
$300 to $499	0	0.00%, see rank	1.45%	1.59%
$500 to $699	44	7.61%, see rank	3.72%	5.01%
$700 to $999	117	20.24%, see rank	10.40%	14.32%
$1,000 to $1,499	138	23.88%, see rank	23.15%	27.90%
$1,500 to $1,999	140	24.22%, see rank	21.20%	20.35%
$2,000 to $2,999	115	19.90%, see rank	24.77%	19.52%
$3,000 or More	24	4.15%, see rank	15.06%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lexington, VA	25.60% of the Total Income
Virginia	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Lexington, VA	%	Virginia	U.S.
10% or Less	23	3.98%, see rank	6.18%	5.86%
10% to 20%	141	24.39%, see rank	32.74%	31.95%
20% to 30%	213	36.85%, see rank	29.30%	27.64%
30% to 40%	75	12.98%, see rank	13.96%	13.74%
40% or More	126	21.80%, see rank	17.46%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Lexington, VA	445 USD
Virginia	429 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Lexington, VA	%	Virginia	U.S.
$199 or Less	12	3.35%, see rank	8.34%	7.76%
$200 to $299	35	9.78%, see rank	17.18%	14.70%
$300 to $499	208	58.10%, see rank	35.90%	34.63%
$500 to $699	78	21.79%, see rank	20.27%	21.16%
$700 or More	25	6.98%, see rank	18.31%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lexington, VA	14.80% of the Total Income
Virginia	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Lexington, VA	%	Virginia	U.S.
10% or Less	85	23.74%, see rank	46.49%	40.19%
10% to 20%	157	43.85%, see rank	29.97%	31.47%
20% to 30%	60	16.76%, see rank	10.53%	12.24%
30% to 40%	21	5.87%, see rank	4.67%	5.64%
40% or More	25	6.98%, see rank	7.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Lexington, VA	Virginia	U.S.
Total Housing Units	1,944, 100%	3,403,241	132,741,033
1-unit, Detached	1,210, 62.24%, see rank	61.97%	61.65%
1-unit, Attached	84, 4.32%, see rank	10.88%	5.82%
2 Units	275, 14.15%, see rank	1.67%	3.75%
3 or 4 Units	76, 3.91%, see rank	2.74%	4.43%
5 to 9 Units	98, 5.04%, see rank	4.64%	4.78%
10 or More Units	170, 8.74%, see rank	12.76%	13.08%
Mobile Home, Boat, RV, Van, etc.	31, 1.59%, see rank	5.34%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Lexington, VA	Virginia	U.S.
Total Housing Units	1,944, 100%	3,403,241	132,741,033
1 Room	50, 2.57%, see rank	1.33%	1.95%
2 Rooms	95, 4.89%, see rank	1.73%	2.48%
3 Rooms	159, 8.18%, see rank	6.92%	9.13%
4 Rooms	351, 18.06%, see rank	14.48%	16.60%
5 Rooms	205, 10.55%, see rank	17.82%	20.41%
6 Rooms	243, 12.50%, see rank	16.80%	18.06%
7 Rooms	232, 11.93%, see rank	13.06%	12.27%
8 Rooms	240, 12.35%, see rank	10.92%	8.48%
9 Rooms or More	369, 18.98%, see rank	16.94%	10.60%
Median Rooms	6.00, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Lexington, VA	Virginia	U.S.
Total Housing Units	1,944, 100%	3,403,241	132,741,033
No Bedroom	50, 2.57%, see rank	1.46%	2.17%
1 Bedroom	345, 17.75%, see rank	8.47%	11.16%
2 Bedrooms	462, 23.77%, see rank	23.83%	26.69%
3 Bedrooms	604, 31.07%, see rank	39.65%	39.70%
4 Bedrooms	379, 19.50%, see rank	20.28%	16.05%
5 or More Bedrooms	104, 5.35%, see rank	6.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Lexington, VA	Virginia	U.S.
Total Housing Units	1,727, 100%	3,041,710	116,211,092
Utility Gas	947, 54.83%, see rank	33.74%	48.85%
Bottled, Tank, or LP Gas	16, 0.93%, see rank	4.51%	4.86%
Electricity	700, 40.53%, see rank	52.28%	36.68%
Fuel Oil, Kerosene, etc.	56, 3.24%, see rank	6.01%	5.86%
Coal or Coke	0, 0.00%, see rank	0.08%	0.12%
Wood	8, 0.46%, see rank	2.76%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.29%	0.47%
No Fuel Used	0, 0.00%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Lexington, VA	Virginia	U.S.
Occupied Units Paying Rent	780, 100%	957,686	39,201,928
$199 or Less	66, 8.46%, see rank	1.61%	1.50%
$200 to $299	81, 10.38%, see rank	2.46%	3.18%
$300 to $499	68, 8.72%, see rank	5.54%	7.37%
$500 to $699	66, 8.46%, see rank	10.39%	16.01%
$700 to $999	250, 32.05%, see rank	22.57%	29.17%
$1,000 to $1,499	188, 24.10%, see rank	30.50%	26.88%
$1,500 to $1,999	20, 2.56%, see rank	15.76%	9.79%
$2,000 or More	41, 5.26%, see rank	11.16%	6.10%
Median	$846, see rank	$1,108	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Lexington, VA	Virginia	U.S.
Occupied Housing Units	1,727, 100%	3,041,710	116,211,092
No Vehicles Available	129, 7.47%, see rank	6.38%	9.12%
1 Vehicles Available	605, 35.03%, see rank	30.54%	33.80%
2 Vehicles Available	748, 43.31%, see rank	38.24%	37.48%
3 or More Vehicles Available	245, 14.19%, see rank	24.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.