States · Nebraska · Dawson County

Lexington, Nebraska.

Typical home $197,406 (-2.8% in a year), asking rent $1,316 . Lexington, NE metro.

What it costs per month · Lexington $1,036/mo

to buy the typical home at today's mortgage rate — +$540 (+109%) since Jan 2020.

What the home itself did
1 year
Down $5,640 -3%
$203,045$197,406 since Sep 2025
5 years
Up $36,236 +22%
$161,169$197,406 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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Lexington $1,036 Nebraska $1,461 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Lexington$1,036
  • Nebraska$1,461
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 17 years.

Typical home values in Lexington, NE fell 2.8% over the past year — slower than the nation's +1.2%.

Living in Lexington, Dawson County, Nebraska

Lexington is a city of 10,348 people in Dawson County. Half its households earn more than $67,666 a year and half less, against $69,880 across Dawson County; 14% of its people live below the poverty line. 57% of its homes are lived in by their owners and 43% are rented. Unemployment in Dawson County was 16.4% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.

People 10,348 in the 2020 census; median age 31.3
Household income $67,666 the median, give or take $6,195 · Dawson County: $69,880
Unemployment 16.4% Dawson County, August 2026; 2.7% a year before
Homes 57% lived in by their owners; 43% rented

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 It can be wrong or out of date.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 Dawson County, Nebraska, with a young population: the typical resident is noticeably younger than in most American towns. Incomes run a little below the county's, and a larger share of people live below the poverty line than many readers might expect. Homeowners and renters both make up a sizable part of the town, and the typical home is valued at a modest price compared with much of the country. Few adults hold a four-year degree, and commutes are short. Winters are cold, with January highs near freezing and lows well below it, while July is warm. Snow falls most winters, and rain and melted snow add up to a moderate amount across the year.

Work. Most residents work in manufacturing, in schools, hospitals and social care, in the building trades, or in shops. Across Dawson County, the largest workplaces include Tyson Fresh Meats, Lexington Public Schools and Walmart. The county has fewer jobs than a year earlier, and unemployment there is much higher than it was a year ago.

Things to do. The Heartland Museum of Military Vehicles is a museum in or beside town. A longer drive away are the Robert Henri Museum, another museum, and Allen's Opera House, a theatre.

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  • 3,472households
  • 13%of adults have a degree
  • 14%below the poverty line
  • 16 mintypical commute
  • 0%work from home

What residents work in

  • Manufacturing43%
  • Schools, hospitals and social care13%
  • Building trades10%
  • Shops (retail)6%
  • Transport, warehouses and utilities5%
  • Professional and business services5%

Employed residents by industry, from the Census survey. Dawson County had 11,738 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 38° and 15°; warmest in July, 86° and 64° 20° 40° 60° 80° J 38° 15° F M A M J J 86° 64° A S O N D
Average daily high and low for each month: coldest in January, 38° and 15°; warmest in July, 86° and 64° 20° 40° 60° 80° J 38° 15° F M A M J J 86° 64° A S O N D

Coldest in January, with highs near 38° and lows near 15°; warmest in July, with highs near 86° and lows near 64°. About 20 inches of snow and 23 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Canaday Steam Plt weather station, 6 miles away (NOAA).

Largest workplaces in Dawson County

  1. Tyson Fresh MeatsAnimal slaughtering3,202
  2. Lexington Public SchoolsSchool district490FTE
  3. WalmartWarehouse clubs and supercenters275
  4. Lexington Regional Health CenterCritical access hospital202FTE
  5. Cozad Community HospitalCritical access hospital150FTE
  6. Cozad Community SchoolsSchool district148FTE
  7. Gothenburg Memorial HospCritical access hospital148FTE
  8. Fortrex - 0127 Tyson Foods Inc. - LexingtonJanitorial services115

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 10 workplaces with 20 or more staff, 4,245 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

  1. Winter weatherVery high
  2. Strong windVery high
  3. TornadoesVery high
  4. HailRelatively high
  5. LightningRelatively high
  6. Ice stormsRelatively 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 moderate. 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 Dawson County and the Lexington, NE 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.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 Lexington $197,406 Nebraska $278,299 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • Lexington$197,406
  • Nebraska$278,299
  • United States$366,157

Sellers are cutting prices on about 1 in 5 Lexington listings — the market is roughly in balance.

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.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

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.

15% 20% 25% 2026 Lexington 20.37% United States 26.90%
15% 20% 25% 2026
  • Lexington20.37%
  • United States26.90%

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

10 20 30 40 2022 2023 2024 2025 2026 Lexington 38
10 20 30 40 2022 2024 2026
  • Lexington38

New listings per month

Sellers arriving at the market.

4 6 8 2026 Lexington 8
4 6 8 2026
  • Lexington8

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