Real Estate Price Maphome prices by county

Lexington City, VA home prices

Lexington City, VA: the typical home is worth $350,440 as of 2026-05, up +3.7% over the past year and n/a since 2000. Rent, income, days on market, price…

Data as of · by the Real Estate Price Map data team · methodology & sources

Lexington City is cooling and overvalued — affordable for what people here earn.

Momentum+3.7%Cooling
Valuation+31%High bubble risk
Affordability6/10Affordable

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1992: $157,681 → 2026: $350,440 (2.2×) pre-2000 estimated via FHFA index

Typical value$350,4402026-05
1-year+3.7%
5-year+30.5%
10-year+67.4%
Since 2000n/a
Population7,8022024
Median income$62,3422023 · 5.6× income
Median rent$1,450/mo2026 · 5.0% gross yield
New homes/yr12024

Market read

At $350,440, homes in Lexington City sit 13% above the Virginia median ($309,032) and 50% above the US median ($233,954). That ranks #56 of 133 Virginia counties by price.

Prices are holding steady (+3.7% in the last year) — a balanced market.

At 5.6× local income, that's pricier than the typical US county (~3.8×).

Against the typical US price-to-income and price-to-rent, homes here look ~31% expensive for local incomes and rents.

Renting looks cheaper — buying the typical home runs ~$1,730/mo (P&I, 20% down) vs $1,450/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Rockbridge County, VA ($337,013) · Buena Vista City, VA ($188,028) · Amherst County, VA ($264,564) · Botetourt County, VA ($316,909) · Bath County, VA ($228,337) · Covington City, VA ($119,164)

Frequently asked questions

What is the average home price in Lexington City, VA?
The typical home in Lexington City is worth $350,440 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Lexington City rising or falling?
Prices are up +3.7% over the past year and n/a since 2000 — a balanced market.
Is Lexington City affordable?
At 5.6× the local median income of $62,342, Lexington City is pricier than the typical US county.
What is the rental yield in Lexington City?
Median rent is $1,450/mo — a gross rental yield of 5.0% on the typical home.
Median home value by year
YearMedian home value
2013$204,150
2014$208,558
2015$210,778
2016$209,159
2017$213,863
2018$216,968
2019$220,630
2020$233,086
2021$271,865
2022$303,620
2023$302,814
2024$320,532
2025$341,395