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Lexington, VA

Full City Profile · Virginia · Lexington city County

3.9 /5.0
B+ Good
7,420 Population 2,968/sq mi density
$89,598 Median Income $30,839 per capita
$275,300 Home Value $353,088 Zillow
$985 Median Rent 28.4% income on rent
55°F Avg Temperature 305 sunny days/yr
98 Violent Crime/100K 380 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$89,598 median income, 0.3% unemployment
A+
Affordability
5.0 / 5.0
$275,300 home value, $985/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
A+
Education
5.0 / 5.0
57.3% bachelor's degree or higher

Housing Overview

Median Home Value
$275,300
2% below
US avg: $281,900
Median Rent
$985/mo
15% below
US avg: $1,163/mo
Homeownership Rate
51.7%
21% below US avg (65.4%)
Total Housing Units
2,525
Median year built: 1957

Home Value by Source

Census Median
$275,300
Zillow (ZHVI)
$353,088
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

51.7%
Owner-Occupied
48.3%
Renter-Occupied
52%
48%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$870/mo
1 Bedroom
$917/mo
2 Bedroom
$1,005/mo
3 Bedroom
$1,398/mo
4 Bedroom
$1,686/mo
Census median rent: $985/mo · Zillow rent: $1,789/mo

Affordability & Housing Stock

Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
51.7%

Complete Housing Data

Home Values

Census Median Value$275,300
Zillow Home Value (ZHVI)$353,088

Rent

Census Median Rent$985
Zillow Rent (ZORI)$1,789
FMR Studio$870
FMR 1-Bedroom$917
FMR 2-Bedroom$1,005
FMR 3-Bedroom$1,398
FMR 4-Bedroom$1,686

Market

Ownership & Stock

Owner-Occupied51.7%
Renter-Occupied48.3%
Homeownership Rate51.7%
Total Housing Units2,525
Median Year Built1957
Rent Burden28.4%