Lexington, MI Real Estate
According to census data in the year 2000 there were 1,062 housing units in Lexington.
This represents a 41.6% growth from 750 in 1990.
Of those housing units, 1,044 were located in either urbanized areas or urban clusters, and 18 were located in what is classified as a rural area.
Homeownership rate in Lexington is about 69.6%.
Lexington's vacancy rate, including seasonal lodging, is about 49%.
Average household size is 2.01 people.
The majority of houses, apartments or condos in Lexington were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 21.10% |
| Two Bedrooms | 44.90% |
| Three Bedrooms | 28.30% |
| Four Bedrooms | 4% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $104,400 |
| Median Price asked for vacant units | $109,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $367 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.90% |
| Home Equity Loan | 11.30% |
| Simple Mortgage | 28.90% |
| Debt Free | 56.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
