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City · 19,690 residents · Davidson County, North Carolina

Lexington , North Carolina

In Lexington, a typical home is worth $179,900 and typical rent is $893 a month. Compared with all of Davidson County, typical household income is 33% lower, the typical home value is 18% lower, and the share of households that own their home is 33 points lower.

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  • Typical home value

    $179,900

    18% below the county

    38% below North Carolina

    • Lexington
    • Davidson
    • North Carolina

  • Typical rent

    $893a month

    About the same as the county

    27% below North Carolina

    • Lexington
    • Davidson
    • North Carolina

  • Typical household income

    $43,128a year

    33% below the county

    40% below North Carolina

    • Lexington
    • Davidson
    • North Carolina

  • Households that own their home

    42%

    33 points below the county

    25 points below North Carolina

    • Lexington
    • Davidson
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$271,676
3.8% more than 12 months ago
Typical rent
$1,480 a month
5.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lexington is in Davidson County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Davidson County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lexington apart

What this place has that others do not, from public data, most unusual first.

  1. 42% of households in Lexington own their home, against 74% in Davidson County.

  2. The typical household income in Lexington is $43,128, 33% less than in Davidson County as a whole ($64,172).

  3. According to Zillow, in the 12 months to September 2026 the typical home value in Lexington rose 3.8%; in North Carolina, it barely changed.

  4. The typical home in Lexington is worth $179,900, 18% less than in Davidson County as a whole ($219,100).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Lexington

What homes there are in Lexington, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Lexington, but it weighs less than in Davidson County: 71% against 75%.

Year built

Homes in Lexington are older: the typical year built is 1969; in Davidson County, 1985.

There are fewer big homes in Lexington than in Davidson County: 53% have 3 bedrooms or more, against 72%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 98% of owner-occupied homes in Lexington sit below it: they are worth less than $500,000.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Davidson County is $1,087: about 63% of rents in Lexington are below it.

With a mortgage

$1,256 a month

Davidson County: $1,355 a month

Without a mortgage

$446 a month

Davidson County: $408 a month

Owners with a mortgage

49%

Davidson County: 55%

The typical cost for an owner with a mortgage in Lexington is $1,256 a month, less than in Davidson County ($1,355); without one, $446.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Lexington gained value faster than in Davidson County: 73% against 54%.

Much as in Davidson County, the typical rent in Lexington rose 27% since 2015–2019.

While home values in Lexington changed +73% and rent +27%, the typical household income rose 44%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLexingtonDavidson CountyNorth CarolinaUnited States
Rental vacancy 6.9%3.7%7.1%5.5%
Homeowner vacancy Unreliable estimate1.0%1.3%0.9%
More than one person per room Unreliable estimate1.7%2.2%3.4%
People per household 2.512.452.442.53
Drive alone 70%79%72%69%
Carpool 18%9%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 4%1%2%3%
Work from home 7%10%16%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in Lexington is 6.9%, higher than in Davidson County (3.7%).

By size, households in Lexington look like those in Davidson County: 2.51 people on average.

Carpooling is common in Lexington: 18% of workers get to work that way, against 9% in Davidson County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lexington?

A typical home costs more than the typical income allows

We start with a typical home in Lexington, worth $179,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Lexington, which is $43,128 a year. For that payment to be 28% of income, a household would need to earn about $62,918 a year.

The calculator's FHA and conventional loan limits are those of all of Davidson County.

Your numbers

Local data
$

Starts at the typical home value in Lexington. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,297 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,468

at 7.18% · 30 years

Loan amount
$176,641
Total interest
$254,145
Paid off in
November 2056

Includes $3,038 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,006 a month

  • Tight

    $1,006 to $1,294 a month

  • Hard

    more than $1,294 a month

    Your payment · 41%

Compared with the typical household income in Lexington ($43,128 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,468
Principal & interest$1,197
Property tax$117
Home insurance$75
FHA mortgage insurance (MIP)$80

You need at least $6,297 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lexington and Davidson County

Lexington is in Davidson County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lexington's own numbers

Typical home value
$179,900
Typical monthly rent
$893
Typical yearly household income
$43,128
Households that own their home
42%
Effective property tax rate
0.78%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Davidson County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,087
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Davidson County.

Everything about Davidson County

Buying

Buying a home in Lexington

A typical home in Lexington is worth $179,900: 18% below the county and 38% below North Carolina. With the typical household income in Lexington ($43,128 a year), a typical home costs 4.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lexington 4.2 years
  • Davidson 3.4 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Davidson County

According to FHFA’s house price index, home prices in Davidson County rose 105% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Davidson County.

Period County North Carolina U.S.
Last year (2025) +4.4% +2.5% +2.9%
5 years (2020–2025) +68% +60% +47%
10 years (2015–2025) +105% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lexington next to Davidson County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lexington $179,900
  • Davidson $219,100
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Lexington $893
  • Davidson $901
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Lexington $43,128
  • Davidson $64,172
  • North Carolina $72,388
  • United States $80,734
See the full table
Lexington next to Davidson County and North Carolina
Measure Lexington Davidson County North Carolina U.S.
Typical home value $179,900 $219,100 $288,900 $332,700
Typical monthly rent $893 $901 $1,228 $1,413
Typical yearly household income $43,128 $64,172 $72,388 $80,734
Households that own their home 42% 74% 67% 65%
Typical yearly property tax $1,400 $1,320 $1,896 $3,119
Effective property tax rate 0.78% 0.6% 0.66% 0.94%
Renters with high rent for their income 46% 42% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Davidson County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lexington

For a typical $179,900 home in Lexington, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lexington's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,468a month

    Least cash to close
    Down payment
    $6,297
    Cash to close
    $11,694
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $80

  • Conventional, 5% down $1,435a month

    Down payment
    $8,995
    Cash to close
    $14,392
    Rate
    7.18%
    Mortgage insurance
    PMI · $85

  • Conventional, 20% down, no PMI $1,167a month

    Down payment
    $35,980
    Cash to close
    $41,377
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,333a month

    Down payment
    $26,985
    Cash to close
    $32,382
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lexington and for Davidson County.

Property tax

Effective rate in Lexington

0.78%of the home’s value each year

$1,400 a year for the typical owner in Lexington.

  • Lexington 0.78%
  • Davidson 0.6%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Davidson County

FEMA does not publish these numbers by city: they are for all of Davidson County.

Homes in the high-risk zone
0.5%
377
Of those, with NFIP insurance
33%
County North Carolina U.S.
Homes in the high-risk zone 0.5% 2.8% 3.5%
Of those, with NFIP insurance 33% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lexington

Typical rent in Lexington is $893 a month: about the same as the county. In Lexington, 46% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Davidson County, by unit size. To pay the 2-bedroom one ($1,087 a month) without spending more than 30% of your income, you would need to earn $20.90 an hour working full time.

HUD fair market rent for all of Davidson County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $959 $18.44 $38,360
1 bedroom $999 $19.21 $39,960
2 bedrooms $1,087 $20.90 $43,480
3 bedrooms $1,505 $28.94 $60,200
4 bedrooms $1,817 $34.94 $72,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lexington

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lexington has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,040 in 27292 to $1,090 in 27295.

1 of the 2 is above the fair market rent for Davidson County ($1,087).

  • 27292 $1,040$1,440
  • 27295 $1,090$1,510

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lexington when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lexington

HUD lists 17 buildings with rents for lower incomes in Lexington. These are the largest.

  • Harmony Court and Caple Commons 1 Jamaica Dr, Lexington 27292 138 low-income homes · 1 bd: 8 · 2 bd: 76 · 3 bd: 52 · 4 bd: 2 · In service since 2015 · For families
  • Southside Apartments 100 Federal St, Lexington 27292 130 low-income homes · Studio: 2 · 1 bd: 20 · 2 bd: 40 · 3 bd: 46 · 4 bd: 22 · In service since 2015 · For families
  • Forest Hill Apartments 900 Apex Dr, Lexington 27295 88 low-income homes · 2 bd: 50 · 3 bd: 34 · 4 bd: 4 · In service since 2013 · For families
  • The Arbor at Cotton Grove 7 Fritts St, Lexington 27292 80 low-income homes · 1 bd: 8 · 2 bd: 40 · 3 bd: 32 · For families
  • Club Apartments 6 London Ct, Lexington 27292 87 homes, 78 low-income · For families (336) 243-1693

See all 26 buildings in Davidson County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lexington

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Davidson County; none says it serves in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Lexington

No down payment, repair or rent-help program on our list is for Lexington or Davidson County. The ones below are statewide in North Carolina: they work in Lexington the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Lexington

The HUD-approved agencies closest to the center of Lexington, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Home Solutions

    21 W 2nd St, Lexington · 2 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (336) 236-1675

  • CCCS of Greater Greensboro

    21 W. 2nd Street, Lexington · 2 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (336) 373-8882

  • CCCS of Greater Greensboro

    1401 Long Street, High Point · 19 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (336) 889-6108

Every agency in Davidson County All counseling agencies in North Carolina

Help in Spanish near Lexington

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lexington

HUD’s record names them for Lexington or Davidson County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Lexington Housing Authority Public housing and Section 8 vouchers (336) 249-8936

One other authority has an office in Davidson County: see the list Source: HUD

Cities

Other cities in Davidson County

These cities are also in Davidson County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Davidson County Housing in North Carolina

Nearby cities

The cities closest to Lexington, with the typical home value.

Neighboring counties

If Davidson County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lexington.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Lexington

Short answers with the numbers for Lexington and all of Davidson County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lexington?

The typical home value in Lexington is $179,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Davidson County it is $219,100.

How much does it cost to rent in Lexington?

Typical rent in Lexington is $893 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Davidson County is $1,087.

What is the FHA loan limit in Lexington?

Lexington uses the FHA limit for all of Davidson County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lexington?

The typical homeowner in Lexington pays $1,400 a year, according to the U.S. Census Bureau. That is 0.78% of the home’s value; in Davidson County, the rate is 0.6%.

Where can I find free help to buy or rent in Lexington?

There are 2 HUD-approved counseling agencies with an office in Davidson County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).