Lexington, Minnesota.
Typical home $319,228 (+0.8% in a year), asking rent $1,586 . Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$800 (+91%) since Jan 2020.
- 1 year
- Up $2,491 +1%
- $316,737$319,228 since Sep 2025
- 5 years
- Up $28,981 +10%
- $290,247$319,228 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Lexington$1,676
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 36 years.
Typical home values in Lexington, MN rose 0.8% over the past year — slower than the nation's +1.2%.
Living in Lexington, Anoka County, Minnesota
Lexington is a city of 2,248 people in Anoka County. Half its households earn more than $75,347 a year and half less, against $101,869 across Anoka County; 9% of its people live below the poverty line. 55% of its homes are lived in by their owners and 45% are rented. Unemployment in Anoka County was 5.0% in August 2026, and the county had about as many jobs in 2025 as the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Lexington is a small city in Anoka County, Minnesota, with a quiet, close-knit scale. Most homes are lived in by their owners, though a fair number of households rent. Household incomes run below the county's, and winters are cold: January is the coldest month, with days that stay well below freezing and nights colder still, while July is warm. Precipitation, rain and melted snow together, comes to a moderate amount over the year.
Work. Residents work mostly in schools, hospitals and social care, with many others in manufacturing, professional and business services, and shops. Across Anoka County, some of the largest workplaces are the Anoka-Hennepin School District, Mercy Hospital and Anoka County itself. The typical commute is a short one by metro standards, and a share of residents work from home.
Things to do. For a day out, several well-known places lie a longer drive away. Saint Anthony Falls is a waterfall on the Mississippi River in Minneapolis, the Minneapolis Institute of Art is a museum, and Target Field is a stadium where baseball is played. Each takes a longer drive than a quick errand, so they suit a planned outing.
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- 1,142households
- 25%of adults have a degree
- 9%below the poverty line
- 21 mintypical commute
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Anoka County had 133,128 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 25° and lows near 8°; warmest in July, with highs near 83° and lows near 64°. About 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Vadnais Lake weather station, 7 miles away (NOAA).
Largest workplaces in Anoka County
- Anoka-Hennepin School DistrictSchool district5,198FTE
- Mercy HospitalGeneral hospital2,751FTE
- Anoka CountyGeneral government2,460
- US, MN Fridley, Cummins Power SystemsMotor generator sets manufacturing1,536
- Hoffman IndustriesSheet metal work manufacturing1,491
- Federal Cartridge CompanyAmmunition, small arms, manufacturing1,385
- Unity Hospital1,259
- rms CompanyPrecision turned product manufacturing1,061
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 519 workplaces with 20 or more staff, 62,414 people in all across the county; Lexington has two of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Lexington’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Anoka County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Lexington home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Lexington$319,228
- Minnesota$348,778
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Lexington address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Lexington — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.