Home Values

Lexington Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$140,900

  • 2.4% 1-year change
  • 2.8% 1-year forecast

The median home value in Lexington is $140,900. Lexington home values have gone up 2.4% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Lexington is $89, which is higher than the Columbia Metro average of $85. The median price of homes currently listed in Lexington is $176,990 while the median price of homes that sold is $152,390.

Foreclosures will be a factor impacting home values in the next several years. In Lexington 6.7 homes are foreclosed (per 10,000). This is greater than the Columbia Metro value of 5.6 and also greater than the national value of 4.0

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 6.2%, which is lower than the national value of 6.9%. 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 14.8%, which is lower than Columbia Metro at 19.9%.

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Relative ZHVI
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Lexington Market Overview

Data through Sep 30, 2014
  • $140,900 ZHVI
  • 2.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $176,990 Median listing price
  • $152,390 Median sale price
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Lexington Market Health

Data through Sep 30, 2014
  • 0.9/10 Less healthy
    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 days on Zillow
  • 14.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.7 homes Lexington
5.6 homes Columbia Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Chapin $194,100
Seven Oaks $128,700
Springdale $122,800
Name Median ZHVI
Gilbert $113,900
Oak Grove $113,100
West Columbia $104,600
Name Median ZHVI
Cayce $96,600
Batesburg-Leesville $88,800
Pelion $81,000

Listings & Sales

Data through Sep 30, 2014
  • $89 Median list price / sq ft
  • $88 Median sale price / sq ft
  • 40.9% Listings with price cut
35.7%
Sold below listing
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Lexington Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,229 Lexington
    $1,086 Columbia Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.75 Rent list price / sq ft
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