Lexington Home Prices & Values

$93,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.1% 1-year change
  • No data 1-year forecast

The median home value in Lexington is $93,500. Lexington home values have gone up 5.1% over the past year. The median list price per square foot in Lexington is $100, which is higher than the Thomasville Metro average of $95. The median price of homes currently listed in Lexington is $149,900 while the median price of homes that sold is $96,300.

Foreclosures will be a factor impacting home values in the next several years. In Lexington 3.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lexington is 5.4%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lexington homeowners underwater on their mortgage is 17.3%.

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Relative ZHVI
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Lexington Market Overview

Data through Jul 31, 2014
  • $93,500 ZHVI
  • No data 1-yr forecast
  • $149,900 Median listing price
  • $96,300 Median sale price
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Lexington Market Health

Data through Jul 31, 2014
  • 3.6/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 17.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.6 homes Lexington
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bermuda Run $230,300 Clemmons $186,400 Gold Hill $157,900
Richfield $147,500 Wallburg $128,800 Trinity $108,400
Denton $91,900 Thomasville $84,300 Linwood $82,700

Listings & Sales

Data through Jul 31, 2014
  • $100 Median list price / sq ft
  • $73 Median sale price / sq ft
  • 31.2% Listings with price cut
23.8%
Sold below listing
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Lexington Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$847 Lexington
$863 Thomasville Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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