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Real Estate Prices & Overview

Median real estate price in the City Center of Lexington is $362,852, which is more expensive than 40.9% of the neighborhoods in Virginia and 47.7% of the neighborhoods in the U.S.

The average rental price in Lexington City Center is currently $1,853, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.0% of Virginia neighborhoods.

Lexington City Center is a suburban neighborhood (based on population density) located in Lexington, Virginia.

Real estate in the City Center of Lexington, VA 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 City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in Lexington City Center. The current real estate vacancy rate here is 20.9%. This is higher than the rate of vacancies in 87.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually 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

One of the really interesting characteristics about the Lexington City Center neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.1% of college-friendly places to live in the state of Virginia. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for active retirees.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Lexington City Center neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Lexington City Center neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 66.7% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Modes of Transportation

In the Lexington City Center neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 13.0% of residents here. This is a higher proportion of walking commuters than we found in 96.4% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Lexington City Center neighborhood has more Welsh and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.7% of this neighborhood's residents have Welsh ancestry and 2.4% have Ukrainian ancestry.

Lexington City Center is also pretty special linguistically. Significantly, 1.8% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 98.8% of the neighborhoods 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 City Center neighborhood in Lexington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.0% of the neighborhoods in America. In addition, 8.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 55.8% of America'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 City Center neighborhood, 62.9% of the working population is employed in executive, management, and professional 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 16.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.6%), and 8.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Lexington City Center neighborhood is English, spoken by 94.4% of households. Some people also speak Spanish (3.1%).

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 City Center neighborhood in Lexington, VA, residents most commonly identify their ethnicity or ancestry as Irish (18.1%). There are also a number of people of German ancestry (13.6%), and residents who report English roots (12.5%), and some of the residents are also of Swedish ancestry (5.3%), along with some Welsh ancestry residents (4.7%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lexington City Center neighborhood spend under 15 minutes commuting one-way to work (66.7% of working residents), one of the shortest commutes across America.

Here most residents (74.7%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (13.0%) . 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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Schools include:
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