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New Lexington

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

Median Home$133,500
Median Rent$694/month
Population4,541
Leading IndustriesPublic Administration · Transportation28% public administration
Home Value Growth⬆⬆⬆+34.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners65% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableTransit81/100 · excellent transit access
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 7.030% (7.074% 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 New Lexington?

The median home value in New Lexington is $134k. The median monthly rent is $694. Annual property taxes average $1k. 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 34.1% 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 $49k/year.

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What industries drive the economy in New Lexington?

The largest employment sectors in New Lexington are public administration (28%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.