Lexington, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lexington, NE 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 10,075 people, 3,129 houses or apartments, and a median cost of homes of $102,960, house prices in Lexington are solidly below the national average.

Single-family detached homes are the single most common housing type in Lexington, accounting for 70.81% of the city's housing units. Other types of housing that are prevalent in Lexington include large apartment complexes or high rise apartments ( 10.46%), mobile homes or trailers ( 9.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.23%).

The most prevalent building size and type in Lexington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.61% owning and 40.39% renting.

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 ( 28.36%). A lesser amount of the housing stock also hails from before 1939 ( 19.91%). There's also some housing in Lexington built between 2000 and later ( 6.44%).

Lexington Home Appreciation Rates

In the last 10 years, Lexington has experienced some of the highest home appreciation rates of any community in the nation. Lexington real estate appreciated 15.23% over the last ten years, which is an average annual home appreciation rate of 1.43%, putting Lexington in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lexington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lexington's appreciation rate, at 5.11%, has been at or slightly above the national average. In the latest quarter, Lexington's appreciation rate has been 0.99%, which annualizes to a rate of 4.02%.

Relative to Nebraska, our data show that Lexington's latest annual appreciation rate is lower than 70% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$102,960

Lexington, NE HOME PRICES

Value Range
> $1,139,000 0.0
$855,001 - $1,139,000 0.0
$570,001 - $855,000 0.0
$456,001 - $570,000 0.0
$342,001 - $456,000 1.2
$228,001 - $342,000 1.9
$114,001 - $228,000 28.6
$57,001 - $114,000 49.2
$0 - $57,000 19.0

Low for NE
Low for Nation

Value Relative to Nation Value Relative to State
75.6592054377124 68.7179487179487

Number Of Homes And Apartments:
3,129

Lexington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
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
45.41% 2.19% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 59.61
Renters 40.39
Vacant 7.56

Housing Market Details

 

Age of Homes

AGE OF Lexington HOMES
2000 or Newer 6.4
1970 - 1999 45.3
1940 - 1969 28.4
1939 or Older 19.9

Types of Homes

TYPE OF Lexington HOMES
Single-Family 70.8
Townhomes 3.1
Small Apt. Buildings 6.2
Apt. Complexes 10.5
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Lexington HOMES
No Bedroom 1.57
1 Bedroom 7.56
2 Bedrooms 27.65
3 Bedrooms 45.49
4 Bedrooms 15.04
5 or more bedrooms 2.69

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Zip Codes in Lexington, NE