Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$354,128+2.4% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$76,768About 1.2× the local median income ($62,033): a stretch for a typical household
Days on market100 daysFaster than a year ago: sellers have the edge
The typical home in Lexington City, VA is worth $354,128, up 2.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $318,237, so the area is 11.3% overvalued. It is a balanced market, leaning toward sellers: homes take about 100 days to sell, listings are down 100% from a year ago, 0% of listings have had a price cut. A household needs about $76,768 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,033. In the latest IRS figures, 98 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$354,128
Change in 1 year
+2.4%
Overvalued %
+11.3%
Show 6 more
Fair home value
$318,237
Change in 5 years
+28.8%
Home value to income
5.7×
Monthly mortgage payment (20% down)
$1,919
Income needed to afford it
$76,768
Property tax rate
0.81%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,057
Market activity
Listings vs a year ago
−100.0%
Days on market
100
Listings with a price cut
0.0%
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Homes for sale
0
Asking price per sq ft
$240
People and jobs
Median household income
$62,033
Population change (1 year)
+0.9%
Unemployment rate
0.6%
Show 4 more
Population
7,769
Income adjusted for cost of living
$70,173
Net moves in (IRS)
+98
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
3.7
Flood risk score
13.1
Show 3 more
Wildfire risk score
2.3
Walkability (1 to 20)
14.3
Road, rail and air noise
53 dB
Questions people ask
Is Lexington City, VA overvalued?
Home prices in Lexington City, VA are well above what local incomes have historically supported: fair value is about $318,237, so the area is 11.3% overvalued.
Is Lexington City, VA a buyer's or seller's market?
Lexington City, VA is a balanced market, leaning toward sellers: homes take about 100 days to sell, listings are down 100% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Lexington City, VA?
Home values in Lexington City, VA are up 2.4% over the last year.
How much do you need to earn to buy a home in Lexington City, VA?
A household needs about $76,768 a year to afford the typical home in Lexington City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,033.