Lexington, NE housing market
The typical Lexington home is worth about $203,000, down 1.6% in a year, 28% below the Nebraska typical home.
Home values, sales, trends and how Lexington compares with the towns next door — updated as new data is published.
Lexington at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Lexington | Nebraska |
|---|---|---|
| 2017 | $120,000 | $157,000 |
| 2018 | $126,000 | $167,000 |
| 2019 | $131,000 | $176,000 |
| 2020 | $138,000 | $187,000 |
| 2021 | $152,000 | $205,000 |
| 2022 | $171,000 | $227,000 |
| 2023 | $185,000 | $248,000 |
| 2024 | $190,000 | $259,000 |
| 2025 | $199,000 | $270,000 |
| 2026 | $208,000 | $278,000 |
| August 2026 | $203,000 | $281,000 |
14 new homes permitted in 2025
Builders were permitted 14 new homes in Lexington in 2025: 10 single-family houses and 4 in buildings with two or more homes, worth about $2.4 million to build. That's 1.3 per 1,000 residents, slower than across Nebraska (5.7). Over the past 10 years, Lexington has permitted 448 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lexington gained 118 residents while 224 new homes were permitted: about 0.5 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Nebraska: 1.8 new residents per new home.
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) | 6 | 3 | 3 | $1.1 million |
| 2025 | 14 | 10 | 4 | $2.4 million |
| 2024 | 8 | 8 | 0 | $2.5 million |
| 2023 | 129 | 4 | 125 | $20.7 million |
| 2022 | 36 | 24 | 12 | $8.4 million |
| 2021 | 66 | 22 | 44 | $10.6 million |
| 2020 | 62 | 8 | 54 | $8.3 million |
| 2019 | 41 | 7 | 34 | $5.7 million |
| 2018 | 24 | 12 | 12 | $3.5 million |
| 2017 | 64 | 8 | 56 | $7.7 million |
| 2016 | 4 | 4 | 0 | $1.1 million |
| 2015 | 30 | 2 | 28 | $2.9 million |
| 2014 | 22 | 2 | 20 | $2.2 million |
| 2013 | 4 | 4 | 0 | $910,000 |
| 2012 | 7 | 3 | 4 | $815,000 |
| 2011 | 9 | 5 | 4 | $970,000 |
| 2010 | 19 | 19 | 0 | $2.4 million |
| 2009 | 19 | 6 | 13 | $2.8 million |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 9 | 9 | 0 | $1.1 million |
| 2006 | 16 | 16 | 0 | $2 million |
| 2005 | 12 | 9 | 3 | $1.3 million |
| 2004 | 7 | 7 | 0 | $690,000 |
| 2003 | 5 | 5 | 0 | $369,000 |
| 2002 | 9 | 9 | 0 | $755,000 |
| 2001 | 9 | 5 | 4 | $515,000 |
| 2000 | 7 | 7 | 0 | $450,000 |
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.
3 years of income
The typical Lexington home costs about 3 years of the town's median household income, less than across Nebraska (3.7 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 $1,040
HUD's Fair Market Rent for a two-bedroom in Lexington is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lexington pay a median of $966. A two-bedroom takes about 18% of the town's median household income.
Studio $720 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (68850; Custer County, NE), 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.
Recent listings in Lexington
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.