Market Overview
Home Prices in New Lexington, OH
The median home value in New Lexington, OH is $191,636 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.9% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Lexington are priced53% below average. New Lexington is part of the Columbus, OH metro area.
Over the past five years, New Lexington home values have risen by approximately31.1%, reflecting strong long-term appreciation in this market.
Price History
New Lexington Home Price Trend
City Comparison
New Lexington vs. National Median
At $191,636, homes in New Lexington cost 53% below the national median of $410,000. This makes New Lexington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Lexington?
20% Down Payment
$38,327
on $191,636
Monthly P&I
$999/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,269/mo
incl. taxes & insurance
Income Needed
$50,760
gross annual (30% rule)
10% Down Option
$19,164
+ PMI applies
Loan Amount (20% dn)
$153,309
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Lexington, OH?
The median home value in New Lexington is $191,636 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.9% year-over-year.
How much have home prices changed in New Lexington?
Over the past year, home values in New Lexington have decreased by 2.9%. Over five years, prices have risen approximately 31.1%.
How much do I need to earn to buy a home in New Lexington?
To comfortably afford the median home price of $191,636 with a 20% down payment ($38,327) at today's rates (6.8%), you'd need a gross annual income of approximately $50,760. This assumes keeping total housing costs at or below 30% of gross income.
How does New Lexington compare to the national average home price?
The national median home value is approximately $410,000. At $191,636, homes in New Lexington are 53% below the national average.
What metro area is New Lexington part of?
New Lexington is part of the Columbus, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.