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New Lexington

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

Median Home$176,800
Median Rent$756/month
Population10,905
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration8% information & media
Home Value Growth⬆⬆⬆+23.1% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners71% of occupied units
NotableAffordable Market$177k median home · lower cost than 71% of the country
New Lexington
OH

Frequently Asked Questions

What are today's mortgage rates in New Lexington?

As of today, the 30-year fixed mortgage rate for New Lexington is approximately 6.993% (7.036% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for New Lexington
What is the median home price in New Lexington?

The median home value in New Lexington is $177k. The median monthly rent is $756. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Lexington?

Home values in New Lexington have increased 23.1% 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 New Lexington?

Based on a typical all-in ownership cost of $792/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Lexington is $63k/year.

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What industries drive the economy in New Lexington?

The largest employment sectors in New Lexington are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.