Lexington, NC housing market
The typical Lexington home is worth about $273,000, up 4.3% in a year, 18% below the North Carolina typical home. Homes typically sell in 32 days, below asking.
Home values, sales, trends and how Lexington compares with the towns next door — updated as new data is published.
Lexington at a glance
A balanced market
About 4 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Lexington | North Carolina |
|---|---|---|
| 2017 | $134,000 | $179,000 |
| 2018 | $142,000 | $190,000 |
| 2019 | $150,000 | $203,000 |
| 2020 | $161,000 | $215,000 |
| 2021 | $182,000 | $242,000 |
| 2022 | $203,000 | $287,000 |
| 2023 | $231,000 | $320,000 |
| 2024 | $247,000 | $332,000 |
| 2025 | $258,000 | $338,000 |
| 2026 | $272,000 | $336,000 |
| August 2026 | $273,000 | $335,000 |
417 new homes permitted in 2025
Builders were permitted 417 new homes in Lexington in 2025: 142 single-family houses and 275 in buildings with two or more homes, worth about $89 million to build. That's 21 per 1,000 residents, faster than across North Carolina (11). Over the past 10 years, Lexington has permitted 1,096 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lexington gained 701 residents while 541 new homes were permitted: about 1.3 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across North Carolina: 1.7 new residents per new home.
How Lexington ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 154 | 154 | 0 | $46.4 million |
| 2025 | 417 | 142 | 275 | $89 million |
| 2024 | 168 | 98 | 70 | $37.2 million |
| 2023 | 79 | 73 | 6 | $19.8 million |
| 2022 | 76 | 72 | 4 | $17.4 million |
| 2021 | 21 | 21 | 0 | $4.4 million |
| 2020 | 41 | 41 | 0 | $9.1 million |
| 2019 | 113 | 21 | 92 | $19 million |
| 2018 | 28 | 26 | 2 | $6.5 million |
| 2017 | 131 | 23 | 108 | $19.1 million |
| 2016 | 22 | 22 | 0 | $5.5 million |
| 2015 | 17 | 17 | 0 | $3.7 million |
| 2014 | 13 | 13 | 0 | $3 million |
| 2013 | 162 | 12 | 150 | $21.4 million |
| 2012 | 21 | 21 | 0 | $3.8 million |
| 2011 | 11 | 11 | 0 | $1.8 million |
| 2010 | 23 | 23 | 0 | $3.8 million |
| 2009 | 23 | 23 | 0 | $4.1 million |
| 2008 | 29 | 29 | 0 | $5.3 million |
| 2007 | 64 | 64 | 0 | $9.3 million |
| 2006 | 67 | 52 | 15 | $6.4 million |
| 2005 | 49 | 25 | 24 | $3.7 million |
| 2004 | 33 | 31 | 2 | $3.9 million |
| 2003 | 22 | 20 | 2 | $1.7 million |
| 2002 | 180 | 30 | 150 | $6.4 million |
| 2001 | 136 | 23 | 113 | $6.1 million |
| 2000 | 53 | 43 | 10 | $4.1 million |
How Lexington ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
6.3 years of income
The typical Lexington home costs about 6.3 years of the town's median household income, more than across North Carolina (4.6 years).
How Lexington ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,030
HUD's Fair Market Rent for a two-bedroom in Lexington is $1,030 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lexington pay a median of $893, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $880 · 4 bedrooms $1,710
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27292, 27295; Greensboro-High Point, NC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.