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Lexington, AL Real Estate


According to census data in the year 2000 there were 395 housing units in Lexington. This represents a 11.3% growth from 355 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 395 were located in what is classified as a rural area.

Homeownership rate in Lexington is about 76.2%. Lexington's vacancy rate, including seasonal lodging, is about 8.6%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Lexington were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.80%
Two Bedrooms27.30%
Three Bedrooms53.20%
Four Bedrooms9.90%
Five Bedrooms or more1.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1971
Median Value of occupied units$70,000
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size1.59
Median year structure was built1975
Median Monthly Rent asked for vacant units$300

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.80%
Home Equity Loan5.80%
Simple Mortgage37.50%
Debt Free51%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15%