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Lexington

Learn about the people, housing, costs and businesses in Lexington, Mississippi

Median Home$89,900
Median Rent$661/month
Population1,501
Leading IndustriesWholesale Trade · Transportation11% wholesale trade
Retirees32% of residentstop 5% nationally
Homeowners65% of occupied units
NotableAffordable Market$90k median home · lower cost than 95% of the country
Lexington
MS

Frequently Asked Questions

What are today's mortgage rates in Lexington?

As of today, the 30-year fixed mortgage rate for Lexington is approximately 6.869% (6.904% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lexington?

The median home value in Lexington is $90k. The median monthly rent is $661. Annual property taxes average $672. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Lexington?

Based on a typical all-in ownership cost of $593/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lexington is $44k/year.

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What industries drive the economy in Lexington?

The largest employment sectors in Lexington are public administration (20%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.