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Lexington Park

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

Median Home$438,049
Median Rent$1,789/month
Population209,439
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Healthcare10% wholesale trade
Home Value Growth⬆⬆+12.8% over 2 years
Family-Friendly24% of residentsabove average nationally
Homeowners79% of occupied units
NotableHigh Incomes$129k/year · top 2% nationally
NotableVeteran Community13% of residents · top 5% nationally
Lexington Park

Frequently Asked Questions

What are today's mortgage rates in Lexington Park?

Mortgage rates for Lexington Park are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Lexington Park?

The median home value in Lexington Park is $438k. The median monthly rent is $1,789. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lexington Park?

Home values in Lexington Park have increased 12.8% 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 Park?

Based on a typical all-in ownership cost of $1,980/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lexington Park is $129k/year.

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What industries drive the economy in Lexington Park?

The largest employment sectors in Lexington Park are public administration (20%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.