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Real Estate Prices & Overview

Median real estate price in the Village Center of Lexington is $228,040, which is more expensive than 47.4% of the neighborhoods in Michigan and 28.8% of the neighborhoods in the U.S.

The average rental price in Lexington Village Center is currently $964, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 96.3% of Michigan neighborhoods.

Lexington Village Center is a rural neighborhood (based on population density) located in Lexington, Michigan.

Real estate in the Village Center of Lexington, MI is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Village Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Lexington Village Center. The current real estate vacancy rate here is 34.5%. This is higher than the rate of vacancies in 96.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (30.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lexington, the Village Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you are planning to retire in Michigan, this neighborhood should be on your must-see list. For many reasons, Lexington Village Center may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Michigan, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.4% of neighborhoods in MI. If a Michigan retirement is in your future, this neighborhood should be one of the places you visit.

Real Estate

Despite all of the residential real estate here in the Lexington Village Center neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 34.5%, which is higher than 96.3% of all U.S. neighborhoods.

Diversity

Did you know that the Lexington Village Center neighborhood has more Belgian and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Belgian ancestry and 1.1% have Croatian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Village Center neighborhood in Lexington are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 89.0% of U.S. neighborhoods. With 27.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 78.6% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Lexington Village Center neighborhood, 36.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.2%), and 18.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lexington Village Center neighborhood is English, spoken by 96.7% of households. Some people also speak Italian (5.0%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Village Center neighborhood in Lexington, MI, residents most commonly identify their ethnicity or ancestry as German (29.4%). There are also a number of people of Irish ancestry (18.8%), and residents who report English roots (12.1%), and some of the residents are also of Polish ancestry (12.0%), along with some French ancestry residents (6.1%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lexington Village Center neighborhood spend between 30 and 45 minutes commuting one-way to work (34.7% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (76.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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