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Lexington, OH

Full City Profile · Ohio · Richland County County

3.5 /5.0
B+ Good
4,866 Population 1,196/sq mi density
$56,068 Median Income $28,741 per capita
$183,500 Home Value $237,075 Zillow
$756 Median Rent 17.6% income on rent
50°F Avg Temperature 275 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$56,068 median income, 4.3% unemployment
A+
Affordability
4.8 / 5.0
$183,500 home value, $756/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B
Education
3.0 / 5.0
25.0% bachelor's degree or higher

Housing Overview

Median Home Value
$183,500
35% below
US avg: $281,900
Median Rent
$756/mo
35% below
US avg: $1,163/mo
Homeownership Rate
68.5%
5% above US avg (65.4%)
Total Housing Units
2,048
Median year built: 1973

Home Value by Source

Census Median
$183,500
Zillow (ZHVI)
$237,075
Median Sale Price
$240,000
Median List Price
$209,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

68.5%
Owner-Occupied
31.5%
Renter-Occupied
69%
32%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $756/mo

Market Indicators (Redfin)

Median Days on Market
70 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
53.9%
of listings with price reduction
Price Per Sq Ft
$182
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
17.6%
of renters spending 30%+ of income on housing
43% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
68.5%

Complete Housing Data

Home Values

Census Median Value$183,500
Zillow Home Value (ZHVI)$237,075
Median Sale Price$240,000
Median List Price$209,000
Price Per Sq Ft$182

Rent

Census Median Rent$756
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market70
Sale-to-List Ratio1.0%
Price Drops53.9%
Homes Sold3
Active Inventory13
Price Per Sq Ft$182

Ownership & Stock

Owner-Occupied68.5%
Renter-Occupied31.5%
Homeownership Rate68.5%
Total Housing Units2,048
Median Year Built1973
Rent Burden17.6%