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Lexington, MI Housing

 
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As of 2010-2014, median price of a house in Lexington is $112,200, which is lower than the state average of $120,200 and is lower than the national average of $175,700. The Lexington median house value has grown by 7.47% since 2000. The growth rate for the price of a house in Lexington is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Lexington was built is 1975, which is newer than the median year for a house built in the state which is 1969 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 392 Owner Occupied Houses in Lexington, MI, #207
Lexington, MI
112,200 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #296
Lexington, MI
7.47%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Lexington, MIMichiganU.S.
Total Housing Units1,195, see rank, 100%4,532,719132,741,033
Occupied Housing Units578, 48.37%, see rank84.45%87.55%
Owner Occupied392, 32.80%, see rank60.41%56.34%
Renter Occupied186, 15.56%, see rank24.04%31.21%
Vacant Housing Units617, 51.63%, see rank15.55%12.45%
For Rent18, 1.51%, see rank1.84%2.34%
For Sale Only39, 3.26%, see rank1.40%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use523, 43.77%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant37, 3.10%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #116
Lexington, MIMichiganU.S.
197519691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Lexington, MI%MichiganU.S.
Owner-Occupied Units392100%2,738,01274,787,460
With a Mortgage13734.95%, see rank63.63%65.58%
Without a Mortgage25565.05%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Lexington, MI
1,149 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsLexington, MI%MichiganU.S.
$299 or Less00.00%, see rank0.19%0.20%
$300 to $49964.38%, see rank1.88%1.59%
$500 to $699139.49%, see rank6.65%5.01%
$700 to $9993727.01%, see rank19.56%14.32%
$1,000 to $1,4994432.12%, see rank34.69%27.90%
$1,500 to $1,9991712.41%, see rank20.06%20.35%
$2,000 to $2,9991611.68%, see rank12.84%19.52%
$3,000 or More42.92%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lexington, MI
28.00% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lexington, MI%MichiganU.S.
10% or Less75.11%, see rank5.90%5.86%
10% to 20%3324.09%, see rank35.28%31.95%
20% to 30%3324.09%, see rank27.51%27.64%
30% to 40%2115.33%, see rank12.63%13.74%
40% or More4331.39%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Lexington, MI
397 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsLexington, MI%MichiganU.S.
$199 or Less3212.55%, see rank4.74%7.76%
$200 to $2993413.33%, see rank12.46%14.70%
$300 to $49912448.63%, see rank40.41%34.63%
$500 to $6995120.00%, see rank25.95%21.16%
$700 or More145.49%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lexington, MI
17.30% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lexington, MI%MichiganU.S.
10% or Less7429.02%, see rank35.33%40.19%
10% to 20%8432.94%, see rank33.76%31.47%
20% to 30%4517.65%, see rank13.39%12.24%
30% to 40%2610.20%, see rank6.18%5.64%
40% or More2610.20%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Lexington, MIMichiganU.S.
Total Housing Units1,195, 100%4,532,719132,741,033
1-unit, Detached614, 51.38%, see rank71.97%61.65%
1-unit, Attached44, 3.68%, see rank4.66%5.82%
2 Units15, 1.26%, see rank2.58%3.75%
3 or 4 Units27, 2.26%, see rank2.56%4.43%
5 to 9 Units84, 7.03%, see rank4.20%4.78%
10 or More Units68, 5.69%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.343, 28.70%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Lexington, MIMichiganU.S.
Total Housing Units1,195, 100%4,532,719132,741,033
1 Room9, 0.75%, see rank1.24%1.95%
2 Rooms44, 3.68%, see rank1.78%2.48%
3 Rooms126, 10.54%, see rank7.14%9.13%
4 Rooms268, 22.43%, see rank14.38%16.60%
5 Rooms269, 22.51%, see rank21.00%20.41%
6 Rooms172, 14.39%, see rank20.07%18.06%
7 Rooms109, 9.12%, see rank13.45%12.27%
8 Rooms87, 7.28%, see rank9.27%8.48%
9 Rooms or More111, 9.29%, see rank11.67%10.60%
Median Rooms5.10, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Lexington, MIMichiganU.S.
Total Housing Units1,195, 100%4,532,719132,741,033
No Bedroom12, 1.00%, see rank1.35%2.17%
1 Bedroom243, 20.33%, see rank9.11%11.16%
2 Bedrooms500, 41.84%, see rank26.33%26.69%
3 Bedrooms290, 24.27%, see rank43.93%39.70%
4 Bedrooms99, 8.28%, see rank15.80%16.05%
5 or More Bedrooms51, 4.27%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Lexington, MIMichiganU.S.
Total Housing Units578, 100%3,827,880116,211,092
Utility Gas506, 87.54%, see rank77.13%48.85%
Bottled, Tank, or LP Gas9, 1.56%, see rank8.48%4.86%
Electricity49, 8.48%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel7, 1.21%, see rank0.86%0.47%
No Fuel Used7, 1.21%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalLexington, MIMichiganU.S.
Occupied Units Paying Rent168, 100%1,028,83539,201,928
$199 or Less32, 19.05%, see rank1.86%1.50%
$200 to $29914, 8.33%, see rank3.88%3.18%
$300 to $49953, 31.55%, see rank9.32%7.37%
$500 to $69938, 22.62%, see rank23.63%16.01%
$700 to $99917, 10.12%, see rank35.23%29.17%
$1,000 to $1,49914, 8.33%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More0, 0.00%, see rank2.06%6.10%
Median$466, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Lexington, MIMichiganU.S.
Occupied Housing Units578, 100%3,827,880116,211,092
No Vehicles Available56, 9.69%, see rank7.97%9.12%
1 Vehicles Available356, 61.59%, see rank35.06%33.80%
2 Vehicles Available123, 21.28%, see rank38.45%37.48%
3 or More Vehicles Available43, 7.44%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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