Lexington, North Carolina.
Typical home $271,676 (+3.8% in a year), asking rent $1,480 (+5.6%). Winston-Salem, NC metro.
to buy the typical home at today's mortgage rate — +$844 (+145%) since Jan 2020.
- 1 year
- Up $9,866 +4%
- $261,810$271,676 since Sep 2025
- 5 years
- Up $70,245 +35%
- $201,430$271,676 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$1,426
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Lexington, NC rose 3.8% over the past year — faster than the nation's +1.2%.
Asking rents in Lexington, NC rose 5.6% over the past year — faster than the nation's +2.7%.
Owning the typical home in Lexington runs $373/mo more than renting one — the widest that gap has been in this data.
That is $1,853 a month against $1,480 rent: a $1,426 mortgage payment, plus $136 property tax and $291 insurance & upkeep.
Owning vs renting — Lexington
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,853
- Renting$1,480
- Mortgage only$1,426
Property tax · $136/mo 0.60% of value a year — the ACS 2020-2024 median bill over the median home value for Davidson County, NC
Insurance & upkeep · $291/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Lexington, Davidson County, North Carolina
Lexington is a city of 19,632 people in Davidson County. Half its households earn more than $43,128 a year and half less, against $64,172 across Davidson County; 28% of its people live below the poverty line. 42% of its homes are lived in by their owners and 58% are rented. Unemployment in Davidson County was 3.6% in August 2026, and the county had 0.9% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then shops.
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 Davidson County, North Carolina, with a fairly young population compared with many older towns. Incomes here run well below the county's, and a larger share of people live below the poverty line than you might expect. Most homes are rented rather than lived in by their owners, and relatively few adults hold a four-year degree. Winters are cool, with a little snow in most years, and summers are hot, with steady rain and melted snow spread through the year.
Work. Many residents work in manufacturing, in shops, in schools, hospitals and social care, and in restaurants, hotels and entertainment. Among the largest workplaces in Lexington are Lexington Memorial Hospital, Lexington City Schools and MasterBrand, a maker of kitchen cabinets. Unemployment across Davidson County has eased compared with a year earlier, though the county has fewer jobs than it did the year before. Most people commute by car, and only a small number work from home.
Things to do. In or beside town, the Old Davidson County Courthouse is a museum of local history, and the Richard Childress Racing Museum is a short drive away. For time outdoors, High Rock Lake is a reservoir a longer drive away, as is Uwharrie National Forest. Old Salem, a museum of early settlement life, is also a longer drive from town.
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- 7,529households
- 13%of adults have a degree
- 28%below the poverty line
- 26 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Davidson County had 46,241 jobs in 2025, 0.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 52° and lows near 28°; warmest in July, with highs near 89° and lows near 67°. About 3 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Lexington weather station, 3 miles away (NOAA).
Largest workplaces in Lexington
- Davidson County GovernmentPublic property management services, government1,549
- Lexington Memorial HospitalGeneral hospital562FTE
- Lexington City SchoolsSchool district375FTE
- WalmartWarehouse clubs and supercenters358
- MasterBrandKitchen cabinets, stock or custom wood, manufacturing329
- Carter Component PlantComponent plant213
- Owens & Minor/Halyard HealthFabrics, nonwoven, manufacturing176
- Pine Acres Center for Nursing and RehabilitationSkilled nursing facilities160
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 29 workplaces with 20 or more staff, 4,841 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); 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
- Ice stormsRelatively high
- Cold wavesrelatively high in parts of LexingtonRelatively moderate
- Strong windRelatively moderate
- Inland floodingrelatively high in parts of LexingtonRelatively moderate
- Tornadoesrelatively high in parts of LexingtonRelatively moderate
- Winter weatherRelatively 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, relatively 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 Davidson County and the Winston-Salem, NC 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$271,676
- North Carolina$332,159
- United States$366,157
Sellers are cutting prices on about 1 in 3 Lexington listings, and the typical home goes pending in 32 days — the market is cooling.
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.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Lexington30.84%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Lexington32
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Lexington308
New listings per month
Sellers arriving at the market.
- Lexington82
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Lexington$277,223
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Lexington97.68%
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.
Zip codes in Lexington
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 27292 | Lexington | 40,311 | $1,295 | $249,095 |
| 27295 | Lexington | 39,267 | $1,888 | $290,660 |