Lexington, TN Real Estate
According to census data in the year 2000 there were 3,327 housing units in Lexington.
This represents a 27.4% growth from 2,612 in 1990.
Of those housing units, 2,704 were located in either urbanized areas or urban clusters, and 623 were located in what is classified as a rural area.
Homeownership rate in Lexington is about 67.2%.
Lexington's vacancy rate, including seasonal lodging, is about 9.6%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Lexington were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 11.40% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $82,800 |
| Median Price asked for vacant units | $93,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $343 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 39.40% |
| Debt Free | 51.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
