Lexington, NC Real Estate
According to census data in the year 2000 there were 8,642 housing units in Lexington.
This represents a 15.4% growth from 7,486 in 1990.
Of those housing units, 8,267 were located in either urbanized areas or urban clusters, and 375 were located in what is classified as a rural area.
Homeownership rate in Lexington is about 50.4%.
Lexington's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Lexington were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 11.50% |
| Two Bedrooms | 40.90% |
| Three Bedrooms | 37.70% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $81,800 |
| Median Price asked for vacant units | $39,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $349 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 38% |
| Debt Free | 46.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
