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Real Estate Prices & Overview

Lexington East median real estate price is $113,825, which is less expensive than 88.8% of North Carolina neighborhoods and 89.7% of all U.S. neighborhoods.

The average rental price in Lexington East is currently $1,134, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 92.6% of North Carolina neighborhoods.

Lexington East is a suburban neighborhood (based on population density) located in Lexington, North Carolina.

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

Lexington East has a 10.7% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 64.5% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of particular note, 12.6% of the people in the Lexington East neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, one of the unique characteristics of the Lexington East neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 97.3% of the neighborhoods in America.

Occupations

NeighborhoodScout's exclusive research identifies the Lexington East neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 44.8% of its working residents employed in such fields, which is a higher proportion than 97.1% of American neighborhoods.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Lexington East neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 36.2% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.3% of America's neighborhoods.

In addition, 84.0% of the real estate in the Lexington East neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Lexington East 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 97.3% of U.S. neighborhoods. With 52.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 94.9% 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 East neighborhood, 44.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.3%), and 15.8% in executive, management, and professional occupations.

Languages

The most common language spoken in the Lexington East neighborhood is English, spoken by 83.8% of households. Some people also speak Spanish (16.2%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Lexington East neighborhood in Lexington, NC, residents most commonly identify their ethnicity or ancestry as Mexican (9.5%). There are also a number of people of Sub-Saharan African ancestry (2.7%), and residents who report African roots (2.7%), and some of the residents are also of Puerto Rican ancestry (2.4%), along with some French ancestry residents (1.6%), 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 East neighborhood spend between 15 and 30 minutes commuting one-way to work (29.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (70.1%) 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 (17.9%) . 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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Crime includes:
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