According to statistics, the population in Lexington, NC amounts to 18,916, which shows decline -1% compared to the previous year. The median age of the city’s residents is 35. The average household income is $29,199, shifting growth 6% from the past year, and the average property value in Lexington, NC decline 1% to $102,800 throughout the year.
|Number Of Employees||6,132|
|Median Property Value||$102,800|
The average household income in Lexington, NC grew from $27,437 to $29,199 in the past year. This data is an estimate based upon 7,074 households in Lexington, NC . The chart below presents how household income is distributed in Lexington, NC in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lexington, NC shifted from $101,800 to $102,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lexington, NC in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lexington, NC properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lexington, NC compared to median property taxes around the country. The prevalent amount of property taxes in Lexington, NC equals $1150, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Lexington, NC decreased by 3.7% to $252,697.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $59,500 with no changes this month. Asking price for 2-bed apartment also increased by 5.5% and a place of this size will now cost you $148,586. A 3-bed apartment goes for $228,245, it decreased by 12.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 15.3% and made it up to $382,720.
While assessing the property pricing Lexington, NC, you can note that it remains flat with a price tag of $152,900. Price reports demonstrate that house price decreased by 20.8% this month making it up to $207,495. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $475,000. An average value of duplex is $359,900, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it increased by 13%, the price tag now starts at $344,803.