Home

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 Type0.50%
One Bedroom21.10%
Two Bedrooms44.90%
Three Bedrooms28.30%
Four Bedrooms4%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1969
Median Value of occupied units$104,400
Median Price asked for vacant units$109,400

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1982
Median Monthly Rent asked for vacant units$367

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.90%
Home Equity Loan11.30%
Simple Mortgage28.90%
Debt Free56.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.2%