Lexington, MS


Highest Appreciating Lexington Neighborhoods Since 2000

Lexington, MS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lexington Housing Market Information

With a population of 1,609, 749 total housing units (homes and apartments), and a median house value of $47,917, house prices in Lexington are some of the most affordable in Mississippi as well as the nation.

Single-family detached homes are the single most common housing type in Lexington, accounting for 78.77% of the city's housing units. Other types of housing that are prevalent in Lexington include mobile homes or trailers ( 14.99%), duplexes, homes converted to apartments or other small apartment buildings ( 4.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lexington. Owner-occupied housing accounts for 67.29% of Lexington's homes, and 64.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lexington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lexington built between 1940-1969 ( 32.49%). A lesser amount of the housing stock also hails from before 1939 ( 15.21%). There's also some housing in Lexington built between 2000 and later ( 7.88%).

Vacant housing appears to be an issue in Lexington. Fully 18.05% of the housing stock is classified as vacant. Left unchecked, vacant Lexington homes and apartments can be a drag on the real estate market, holding Lexington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lexington Home Appreciation Rates

Lexington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lexington during the period has been just -1.15%, which is lower than 70% of US communities.

Over the last year, Lexington appreciation rates have trailed the rest of the nation. In the last twelve months, Lexington's appreciation rate has been 1.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lexington were at 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Lexington's latest annual appreciation rate is lower than 80% of the other cities and towns in Mississippi.

Average Home Values


Median Home Value:


Value Range
> $1,023,000 0.0
$767,001 - $1,023,000 0.0
$511,001 - $767,000 0.0
$409,001 - $511,000 1.3
$307,001 - $409,000 0.0
$204,001 - $307,000 6.6
$102,001 - $204,000 9.8
$51,001 - $102,000 27.9
$0 - $51,000 54.5

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
99.4784952537209 99.5918367346939

Number Of Homes And Apartments:

Lexington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.14% 0.82% 1 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$704 / per month

Homeownership Rate

Owners 67.29
Renters 32.71
Vacant 18.05

Housing Market Details


Age of Homes

AGE OF Lexington HOMES
2000 or Newer 7.9
1970 - 1999 44.4
1940 - 1969 32.5
1939 or Older 15.2

Types of Homes

Single-Family 78.8
Townhomes 0.8
Small Apt. Buildings 4.7
Apt. Complexes 0.8
Mobile Homes 15.0
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 6.89
2 Bedrooms 24.29
3 Bedrooms 48.69
4 Bedrooms 16.19
5 or more bedrooms 3.94

Popular Neighborhoods in Lexington

Popular Communities Near Lexington, MS

Zip Codes in Lexington, MS