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Lexington Local

Learn about the people, housing, costs and businesses in Lexington Local, Ohio

Median Home$209,574
Median Rent$854/month
Population17,148
Leading IndustriesRetail · Public Administration17% retail
Home Value Growth⬆⬆+18.9% over 2 years
Retirees24% of residentsabove average nationally
Homeowners75% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Lexington Local
OH

Frequently Asked Questions

What are today's mortgage rates in Lexington Local?

As of today, the 30-year fixed mortgage rate for Lexington Local is approximately 7.040% (7.081% 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 Local?

The median home value in Lexington Local is $210k. The median monthly rent is $854. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lexington Local?

Home values in Lexington Local have increased 18.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $986/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lexington Local is $68k/year.

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What industries drive the economy in Lexington Local?

The largest employment sectors in Lexington Local are public administration (27%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.