Lexington, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lexington Neighborhoods Since 2000




Lexington, SC 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 20,138, 7,564 total housing units (homes and apartments), and a median house value of $209,470, Lexington real estate is some of the most expensive in South Carolina, although Lexington home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Lexington, accounting for 57.35% of the town's housing units. Other types of housing that are prevalent in Lexington include large apartment complexes or high rise apartments ( 32.34%), row houses and other attached homes ( 5.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.60%).

The most prevalent building size and type in Lexington are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.03% owning and 44.97% renting.

Lexington homes and real estate are some of the newest in America. 48.25% of Lexington's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lexington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.85%), and between 1940-1969 ( 5.07%).

Lexington Home Appreciation Rates

Real estate appreciation rates in Lexington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.

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 0.27%, 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 0.33%, which equates to an annual appreciation rate of 1.34%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Lexington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lexington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lexington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$209,470

Lexington, SC HOME PRICES

Value Range
> $1,065,000 0.2
$798,001 - $1,065,000 0.3
$532,001 - $798,000 2.5
$426,001 - $532,000 3.1
$319,001 - $426,000 9.9
$213,001 - $319,000 27.8
$107,001 - $213,000 45.4
$53,001 - $107,000 7.6
$0 - $53,000 3.3

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
30.0070315246689 11.1524163568773

Number Of Homes And Apartments:
7,564

Lexington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
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
25.51% 1.33% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,185 / per month

Homeownership Rate

Homeownership
Owners 55.03
Renters 44.97
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Lexington HOMES
2000 or Newer 48.3
1970 - 1999 45.9
1940 - 1969 5.1
1939 or Older 0.8

Types of Homes

TYPE OF Lexington HOMES
Single-Family 57.4
Townhomes 5.0
Small Apt. Buildings 3.6
Apt. Complexes 32.3
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Lexington HOMES
No Bedroom 0.96
1 Bedroom 14.88
2 Bedrooms 24.47
3 Bedrooms 38.23
4 Bedrooms 17.10
5 or more bedrooms 4.35